Q:

Is there a $500 bill?

A:

Quick Answer

According to the U.S. Department of the Treasury, there was a $500 bill in circulation at one time, but it was pulled from distribution on July 14, 1969. In addition to the $500 bill, the $1,000, $5,000 and $10,000 bills were also pulled at that time.

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Full Answer

The decision to remove the $500 bill from distribution was made by David M. Kennedy, the Secretary of the Treasury. The bills were primarily used for bank transfer payments, but as more secure transfer methods were introduced, they became obsolete. Investopedia states that the $500 bill featured President William McKinley and was last printed in 1945. The bill is still legal tender as of 2014, but any $500 bills received by the Federal Reserve are destroyed.

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Related Questions

  • Q:

    Is there a thousand dollar bill?

    A:

    In 1969, the U.S. Bureau of Printing and Engraving discontinued printing the $1,000 note, along with $500, $5,000 and $10,000 notes, due to limited use by the general public. In the United States, modern $1,000 notes feature a portrait of President Grover Cleveland.

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  • Q:

    Is there a 100,000 dollar bill?

    A:

    Although $100,000 notes were printed in the 1930s, they were only used for transactions between branches of the Federal Reserve Bank and were never issued to the public. The U.S. Bureau of Engraving and Printing issued $100,000 Gold Certificates between Dec. 18, 1934 and Jan. 9, 1935.

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  • Q:

    Is there a 2 dollar bill?

    A:

    In the U.S, $2 bills exist, although they are rare. The front displays the portrait of Thomas Jefferson, the third president of the United States, while the back features a reproduced version of John Trumbull's painting "The Declaration of Independence."

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  • Q:

    Is there such thing as a $500 bill?

    A:

    The U.S. Department of the Treasury reports that production of $500 bills ended during World War II. Distribution of these bills ceased on July 14, 1969. The Treasury notes that some of these bills may remain in circulation as of 2014 and are still considered legal tender.

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