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.
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.Learn More
Thomas Jefferson, the third president of the United States, is pictured on the front of the $2 bill. Jefferson first appeared on the note in 1869, and his Virginia home, Monticello, was first featured on the back of the bill in 1928.Full Answer >
As of May 2014, President Andrew Jackson is featured on the $20 bill. Until 1929, the bill had a picture of Grover Cleveland, but the U.S. Treasury decided to replace Cleveland's picture with a picture of Jackson.Full Answer >
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.Full Answer >
There are Canadian $1,000 bills. Although Canada stopped producing this bill in May 2000, it remains legal and in circulation as of 2012. However, banks are required to eradicate any such bills deposited with them.Full Answer >