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.

Know More

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.

Learn more about Currency & Conversions

Related Questions

  • 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."

    Full Answer >
    Filed Under:
  • 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.

    Full Answer >
    Filed Under:
  • Q:

    Who is on the dollar bill?

    A:

    George Washington is pictured on the front of the dollar bill. He was the first president of the United States, serving from 1789 to 1797. The bill is signed by the treasurer and the secretary of the treasury, and features the location where the bill was printed.

    Full Answer >
    Filed Under:
  • 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.

    Full Answer >
    Filed Under:

Explore