There are currently seven denominations of bills issued by the Federal Reserve Board of the United States: $1, $2, $5, $10, $20, $50, and $100, all of which we recognize, but did you know a few years ago there was one in circulation whose value was 500 dollars? How is it?
Before we told you that, in addition to the said payment, some have a large amount in circulation; there is even one of up to 100,000 dollars, which is used only in fiscal channels.
WHAT IS A 500 DOLLAR BILL?
The last time $500 bills were printed was in 1945, but more than two decades later, the Treasury Department and the Federal Reserve decided to stop them in 1969. In total, two bills of this denomination were issued: one in 1918 stamped blue, and another in 1928 and 1934 with a green seal.
500-dollar bill blue seal
The blue-sealed $500 bill was produced in 1918. It features the image of John Marshall, the fourth chief justice of the United States Supreme Court, from 1801 to 1835.
500 dollar bill green stamp
The green seal $500 bill, also known as the Federal Reserve note, features the portrait of William McKinley, the 25th president of the United States, who was assassinated.
This one, from the 1934 series, was originally used for bank transactions but was discontinued when they discovered that criminals were using it to launder money. These bills are, for the most part, exchanged and destroyed.
THE US DOLLAR
The US dollar is the currency currently in circulation in the United States. Although it is originally from that country, it is also the official currency of other countries.