What is the value of a $500 bill?
Collector Premium
The $500 bill was last printed in 1945 and officially discontinued in 1969. Because they are no longer issued, they are collectible. Common series like 1928, 1934, and 1934A typically sell for $600 to $1,200 in circulated condition. Uncirculated examples can bring $1,500 to $3,000 or more.
Rarer series, such as 1918 or 1907, can be worth significantly more—sometimes $5,000 to $10,000. The value also depends on the type: Federal Reserve Note, Gold Certificate, or Silver Certificate. Gold Certificates are especially valuable.
- 1928 $500 Federal Reserve Note: $600–$1,500 (circulated) to $3,000+ (uncirculated)
- 1934/1934A $500: $600–$1,200 circulated
- 1918 $500 Federal Reserve Bank Note: $1,000–$5,000+
- Gold Certificate $500: $2,000–$10,000+
- Condition is critical: even a small tear can halve the value
Where to Sell
You can sell a $500 bill to a paper money dealer, at auction (like Heritage Auctions), or on eBay. Dealers typically pay 50–70% of retail value. If the bill is high grade, consider professional grading first to maximize your return.
Be cautious: some buyers may try to pay only face value, but any $500 bill is worth at least $500 and usually more. Always get multiple offers.
Common mistakes
- Assuming a $500 bill is worth only $500—most have a collector premium.
- Selling to a bank for face value when a dealer would pay more.
- Not checking for rare series or gold seals, which can multiply value.
