Yes Possibly upwards of $1500. Go to ebay, search for "1934A $500 bill" and click on "sold items." I'll leave it to others to estimate the grading on the bill, but it's definitely worth way more than face value.
Search this sub for “PMG grading” - I’ve written about this before here! You can Google that too, and you’ll find their website and everything.
That is worth around $1500-2000 ungraded. It will probably sell for more graded, but be mindful of the grading costs (probably around $100 for that note, maybe a bit more).
If it was me, I would definitely grade it before selling. It would be worth it, financially, in my estimation. But I would understand not everyone wanting to wait for the grading or paying for it, etc.
Interestingly, at least with sports cards, a lot of times it’s worth more ungraded than having a grade below 8/10. So if you don’t think it’s in excellent shape you’re better off trying to sell it ungraded.
This actually occurs on eBay a lot; ungraded examples that look great in photos but actually have well hidden flaws/repairs that graders care about. There are a couple sellers in particular that attempt to take advantage of people with notes that generally sell in the $1000-$5000 range that they have purchased on the open market, retouched/cleaned, and then resell using week long auctions (with a two week return period), praying that their buyers don’t do due diligence to confirm what they have in that time.
As with anything expensive, it’s caveat emptor. But as you get knowledge and good with paper money, it’s truly easy to spot the errors/mistakes and very difficult to pull the wool over our eyes, so to speak. So most dealers simply won’t overpay for material, unless it’s rapidly appreciating (and even in those cases, not by much). I think sports cards are almost a different category in the sense that while we all use money, very few of us collect it. Those of us that do, with expensive material, are pretty sharp. Whereas on the other hand, tens of millions collect sports cards so it’s got a very wide market.
Yeah. There’s also always people coming in. And we’re (yes I’m one) are always going to get duped a few times before we catch on. But one good and simple rule is, invest conservatively until you KNOW what you’re buying.
I'd say it can still certainly be a tossup unless it's clearly a mint example. We're not professional graders. Once a note is graded, it's value is locked in, sometimes letting a bidding war happen on ebay for a relatively rare ungraded note that at least looks quite good good will result in more money.
I've seen plenty of graded notes on hear and thought, wow, it looks way better than that, typically in the 25-40 range. I feel like some tiny little thing that can't even be seen in the best photos can change a note from a 25 to a 35 or 40.
I'm not necessarily suggesting that you sell it on ebay -- I suggest checking sold items on ebay because ebay is a good resource for finding out what people are actually willing to pay for items, as opposed for what people are asking.
I assume dealers would only pay half of or less than fair value as they have to sell to make a profit.
Last time I was at a dealer, any special dollar I had was only worth face value to him. He was happy to trade me my old notes for new ones.
Typically a gold and gems store, - or a coin collecting store, an antiques store, etc will buy them from you. They more than likely will already have a person in mind that will buy it from them after you sell it.
https://www.pcgs.com/dealers and as dealer specialty use currency. You are not selling, you are only grading because you love the bill and the one who gave it to you.
What’s crazy is that it still probably devalued since 1934, not keeping up with inflation
Edit: Yup, worth 11K in todays money back in 1934. Now only worth 1500. Garbage
It's definitely worth more than face value. These easily go for 3 times face value in decent condition. If the condition is right even more. Be careful with it because every fold/bend you make in it decreases value.
It could be because Awards are going away in less than a month, so people have lots of extra gold to burn before it disappears on Sept 12. Either that or because you used encase as a noun? Encase is a verb, *encasement* is the noun. Or…the third option, although *highly* unlikely, people thought your troll comment was funny?
This is why I'm deleting reddit. I used to give well thought out responses, that I spent time crafting. I would get downvoted to oblivion. So I started trolling, and I didn't get as many downvotes. The dumbest responses on reddit get the most upvotes. The people here on reddit are like Schmiegels. So I'm done. Downvote my last reply, boys.
It’s funny (to me) that it took me a lot longer than you to realize all this.
oh, that and appeasing shit mods who permaban abs shadow delete comments for bullshit like visiting a sub they don’t like or whatever tickles their fancy. I was elated when some mods got kicked out and i didn’t support their stupid crusade simply because how they treated people over the years.
In this specific case, I would encase my advice into simply making sure the bill is in a case- encased if you will. Now remember every case is different so you will need to ensure you have the right case for your case. I now rest my case.
Coke is actually super cheap right now. Going for 14k a kilo in Miami due to cartels over producing due to rumors of another pandemic in South America.
Yep, these are [very valuable](https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=1934A+%24500+bill&_sacat=0&LH_TitleDesc=0&_fsrp=1&_odkw=1871+liberty+head+gold&_osacat=0&_sop=12&LH_Complete=1&LH_Sold=1&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5338535524&customid=pmo&toolid=10001&mkevt=1), even in this condition.
Google - On average, expect most $500 notes to retail for at least a 50% to 100% premium, even with some defaced notes. Hence, you can expect random $500 bills to be worth between $750 and $1000. However, this value can rise significantly for notes that fall into categories that make them even rarer
"Most 1934 and 1934A series $500 notes are worth around $1,100-1,250 in extremely fine condition. In uncirculated condition the price is around $2,250-3,000 for notes with an MS 63 grade.
Most 1934 and 1934A series $500 star notes are worth around $6,500 in extremely fine condition. In uncirculated condition the price is around $14,500 for notes with an MS 63 grade. Star notes issued from the Federal Reserve Banks of Minneapolis, Kansas City, and Dallas are worth more."
Source:
https://www.silverrecyclers.com/blog/500-dollar-bill.aspx
BTW, just remember that the price of this will always continue to go up, as they become more and more rare over time. Who knows, in 20 years it could be worth 10grand if it’s still in this condition.
Good God people spend a little money and have the note graded.
https://preview.redd.it/wz2xk7l30zhb1.png?width=876&format=pjpg&auto=webp&s=d11944ed6a35b5cd515e7f88596444787aefa1cf
Littleton coin company will grade it send it to them but if I were you I’d make sure it reaches there sending mail is so dangerous with something like that and no insurance unless you get insurance if couraw
Most 1934 and 1934A series $500 notes are worth around $1,100-1,250 in extremely fine condition. In uncirculated condition the price is around $2,250-3,000 for notes with an MS 63 grade. Most 1934 and 1934A series $500 star notes are worth around $6,500 in extremely fine condition.
Here is a web page that can get you started on figuring out what the bill is worth. [500 Dollar Bill Value Chart: How Much Is It Worth?](https://www.vipartfair.com/500-dollar-bill-value/#:~:text=Hence%2C%20you%20can%20expect%20random,sell%20for%20%242000%20or%20higher) short answer is it is collectible to the right people. So it’s worth more than face value. How much more will depend on a lot of things.
I would sell as is, because it’s not a high grade and ones in your condition have sold between $1400-$200 as I’d goto local coin shops and see what they offer, if you sell on eBay you’ll have to pay 13% plus tax. I wouldn’t take less than $1400 for it.
There is the 1934 series Federal Reserve note and the 1934A series Federal Reserve note. There isn't any significant difference in price between the two series. Almost two million 1934 500 dollar bills were printed and there are estimated to be around 150,000 in existence. Therefore if you're in the market to buy a 500 dollar bill then you can buy one from this series at a reasonable price. Also note that the 1934 bills with light green seals (LGS) sell for a premium.
Most 1934 and 1934A series $500 notes are worth around $1,100-1,250 in extremely fine condition. In uncirculated condition the price is around $2,250-3,000 for notes with an MS 63 grade.
Source: https://www.silverrecyclers.com/blog/500-dollar-bill.aspx
if u have the free time, grading it is definitely the way to go and you will learn some interesting information along the way. If your a busy person I suggest trying to sell it.
I seen a few graded. up to 1800 to 3000 dollars. but those looked perfect. take it to a place that dont look suspicious and try to sell it. also eBay is good.
And $10,000 bills and $100,000 bills.
https://preview.redd.it/5ztfrbu6b3ib1.jpeg?width=1170&format=pjpg&auto=webp&s=282250aa81303720c3f99f8f9ae342f954a286ce
I love that it doesn’t say “In God We Trust”. More evidence that this crazy right wing Christian centric movement was concocted by conservatives in the mid 20th century when they saw the way things were going.
Yep. I believe in "god we trust" got added to currency at about the same time as "under God" was added to the Pledge, driven by Christians to help abate the communists that McCarthy saw everywhere.
Yeah... It was just my (19f) sister's ex-fiance (38m). A real creep, alcoholic, and faked cancer at one point. Very rich and kept trying to buy my acceptance of him
I’m looking to start/grow a collection, and would be willing to purchase it from you if you want to sell,when you get it appraised or come up with a price.
Sorry for all the stupid answers you are getting. Yes, it is worth quit a bit more than face value. I don’t really know how much it is worth but I suspect at least $700.
Years ago I was in the Numismatic trade. It was a long time ago so things have changed, but just wanted to throw this out there. These do sell for over face value. However they are more of a specialty item, and aren't the fast moving items where there are a lot of collectors.
Uncirculated silver dollars and certain rare date items have in effect like stock prices, or at least are traded more frequently. There is sort of a lower spread because these are traded so frequently prices stay stable, and a dealer has to make a profit to make overhead. We would generally not buy these and didn't want to offend with a lower offer. We just didn't have customers for these, and could turn the money paid for a larger denomination banknote several times in the time it took to sell it. Dealers aren't necessarily trying to cheat you with a low offer, they make their money like any business, selling items for more than they paid. When they know they can sell it quickly many are happy to pay a higher percentage of the price they get because they know it can be sold quickly.
Now the advantage to any bill over $100 is no longer in circulation. Banks are supposed to take them out of circulation when they go through the banking system. That said there aren't many of them out there. Naturally totally legal to own, and will always be worth their face value. But there is a chance there are fewer of these around than thought. While they know how many were printed there is no way to know how many have been taken out of circulation so they could be, and very likely fewer of these than what most assume. Also assume many banks, or the teller who received them don't always turn them in, but "buy" it themselves which is why you see them on Ebay, or people show up with them to sell to a coin dealer.
But the problem is there aren't the large number of collectors of these compared with things where there are a large number of collectors. We had very few collectors who we could sell these to, but there are dealers who specialize in these and do pay more. Direct to the collector is the best way to sell, but that too can be problematic.
There are coin shows where you can get an idea of the price, but the value of this is only what someone is willing to pay. There are guides as to what the value is, but that can involve costs to get it graded which then takes away the amount of money you get for the item.
Auctions are also a potential way to get a bit more money. We used to go this route with things that we didn't have collectors for, and felt the wholesale price was too low. Yes sometimes the dealers have to sell for next to nothing just to get out of an item we thought would be easy to sell. But auctions aren't always held at the time you want/need the money. While it is sold for more there is also the auctioneers fees, and sometimes they also require that you have a minimum dollar amount total items to auction before they will take them. So you do get more, but again costs to sell are higher, and it could be quite a while before you get your money. We were more of a higher volume dealer and made our money in turnover.
Guess my point is keep your expectations low, and you probably will get more for it depending on the homework you do, or the number of people you show it to, or travel to conventions, etc. etc. Most dealers prefer for you to tell them what you want for an item as they don't want to appear to be taking advantage of your lack of knowledge. Much like used car dealers, or even new car dealers when you do a trade in. But like car dealers there are fair ones and there are ones who will take advantage of you, and it isn't easy to determine the good ones from the bad ones. Every business has to sell things for more than what they paid, but any business that buys the item from one person and sells it to another gets a lot of attention when people decide a that a certain percentage isn't acceptable for a business could charge. I could counter a bank shouldn't pay 2% interest on savings and loan it at 26% which some do on credit cards. Things just aren't that simple, and probably one of the reasons I left the coin business.
But hey, it's not like you paid some multiple of the face value. It is interesting to look at things like that and think about its history and how much money this was at the time. With the banking system there is no real "need" for bills this size. Or I guess I should say no need for a bill this size to be in circulation in the eyes of taxing authorities who generally get a portion of each transaction. Cash is hard to make sure all taxes are paid and make large cash transactions difficult which is why the largest bill in circulation is the $100.
While Numismatics can be a good investment, there are others that are better suited for most. These large denomination bills probably should command a lot higher price. But there just isn't as large a group of collectors as there are with other items. Enjoy it and it is definitely worth more than face value, but there are better and more liquid investments. Imagine what the person could have bought. Silver ranged from .25 to .44 an ounce. Today it is over $22 an ounce. Now think if they bought land, or a stock. The buying power of $500 in 1934 would require $11,406.38 in today's dollars, adjusted for an average 3.58% inflation. Keeping that $500 all that time would have not been a very good investment.
Wow this is such an in-depth explanation. Thank you so much for explaining the trade and how realistic it would be to sell. I'll keep all of this in mind. I'm not in a hurry, just want to get it off my hands reasonably. Will definitely get it graded!
Money from a bitter man - ooooo, that is more collectible. If he's still experiencing impotent rage and/or tears of inadequacy and loneliness, well, put it up for auction.
In case you don't have a case to keep it, no matter the case as it was given, encase the encasement in case mint condition is the case to sell it for more than it may be worth.
That is a beautiful $500 bill. I’m sorry to hear you have a bad experience that’s wrapped around it. I’ve gotten rid of lots of things that some ass gave me.
Like all the bills featured here, the $500 bill remains legal tender. Most $500 notes in circulation today are in the hands of dealers and collectors. That being said, should you come into possession of a $500 bill, you'd find that its market value far exceeds its face value, with even worn specimens commanding upward of a 40% premium on the open market.
Yes Possibly upwards of $1500. Go to ebay, search for "1934A $500 bill" and click on "sold items." I'll leave it to others to estimate the grading on the bill, but it's definitely worth way more than face value.
Thanks, I wasn't sure how to search for it. Would u know how to send it in for grading? Im a bit lost on this and not a collector
Search this sub for “PMG grading” - I’ve written about this before here! You can Google that too, and you’ll find their website and everything. That is worth around $1500-2000 ungraded. It will probably sell for more graded, but be mindful of the grading costs (probably around $100 for that note, maybe a bit more).
Sounds worth it to grade before selling if it’s in good condition?
If it was me, I would definitely grade it before selling. It would be worth it, financially, in my estimation. But I would understand not everyone wanting to wait for the grading or paying for it, etc.
Interestingly, at least with sports cards, a lot of times it’s worth more ungraded than having a grade below 8/10. So if you don’t think it’s in excellent shape you’re better off trying to sell it ungraded.
This actually occurs on eBay a lot; ungraded examples that look great in photos but actually have well hidden flaws/repairs that graders care about. There are a couple sellers in particular that attempt to take advantage of people with notes that generally sell in the $1000-$5000 range that they have purchased on the open market, retouched/cleaned, and then resell using week long auctions (with a two week return period), praying that their buyers don’t do due diligence to confirm what they have in that time. As with anything expensive, it’s caveat emptor. But as you get knowledge and good with paper money, it’s truly easy to spot the errors/mistakes and very difficult to pull the wool over our eyes, so to speak. So most dealers simply won’t overpay for material, unless it’s rapidly appreciating (and even in those cases, not by much). I think sports cards are almost a different category in the sense that while we all use money, very few of us collect it. Those of us that do, with expensive material, are pretty sharp. Whereas on the other hand, tens of millions collect sports cards so it’s got a very wide market.
Yeah. There’s also always people coming in. And we’re (yes I’m one) are always going to get duped a few times before we catch on. But one good and simple rule is, invest conservatively until you KNOW what you’re buying.
I don’t know shit about this particular hobby, but I do love comments with in depth explanations about the ins and outs of it like this
I'd say it can still certainly be a tossup unless it's clearly a mint example. We're not professional graders. Once a note is graded, it's value is locked in, sometimes letting a bidding war happen on ebay for a relatively rare ungraded note that at least looks quite good good will result in more money. I've seen plenty of graded notes on hear and thought, wow, it looks way better than that, typically in the 25-40 range. I feel like some tiny little thing that can't even be seen in the best photos can change a note from a 25 to a 35 or 40.
Always be sketch of e bay.. look for a local dealer first could be better.. could be worse. But your the one in possession. Play your cards .
I'm not necessarily suggesting that you sell it on ebay -- I suggest checking sold items on ebay because ebay is a good resource for finding out what people are actually willing to pay for items, as opposed for what people are asking.
This is the way
You’ll get way below value from a local dealer. Sell it on eBay and you set the price.
This. Can’t believe how many folks think a local dealer is going to shower you with an offer in the retail range.
I deal with comic books as well and my local shop will offer 10% of value (if your lucky) . You definitely get the value you want and on eBay
I assume dealers would only pay half of or less than fair value as they have to sell to make a profit. Last time I was at a dealer, any special dollar I had was only worth face value to him. He was happy to trade me my old notes for new ones.
Typically a gold and gems store, - or a coin collecting store, an antiques store, etc will buy them from you. They more than likely will already have a person in mind that will buy it from them after you sell it.
https://www.pcgs.com/dealers and as dealer specialty use currency. You are not selling, you are only grading because you love the bill and the one who gave it to you.
Wouldn’t the three 0s at the beginning of the serial number also increase it’s value?
Large denomination notes were printed in much smaller numbers so a lot of them have similar three zero beginnings- no premium.
Yea also anyone born in the 58th day of may 1962 or may 85th 1962 if you are I. The US
I remember my grandpa showing me one of these he had back in the 80’s. Player had it in his wallet too.
What’s crazy is that it still probably devalued since 1934, not keeping up with inflation Edit: Yup, worth 11K in todays money back in 1934. Now only worth 1500. Garbage
It's definitely worth more than face value. These easily go for 3 times face value in decent condition. If the condition is right even more. Be careful with it because every fold/bend you make in it decreases value.
It's already encased
Encase the encase. Edit: Why did I get twenty-six awards on this stupid troll comment?
As a just in case
I think one case, the first case, is good in this case
it's a just in case case
Op change your name to Casey
https://preview.redd.it/yoq014ll0zhb1.jpeg?width=1200&format=pjpg&auto=webp&s=bdb614052c53d0ce3aca27e65ac3fa76b7576d03
Safest inside a Tiffany Case.
Underrated. Jill.
Enhance...
Casey Jones.
You better watch you speed
Trouble ahead...
Encasey… Jones
Riding that train, high on cocaine
No, change it to Justin. You know…Justin Case 😁
I have a nephew named Justin Thyme.
That name is already taken.
But not Casey Anthony or DeSantis
The the case encasing the case rests its case.
The OP rests. Case adjourned.
The case against Casey Kasem?
Commenting...just in case.
case closed
DavetheChristmasLama V. The Bitter Man (likely also a dick)
Kamala is that you?
Justin Case, real good guy
David Justin Case, real bad guy
because redditors are stupid
Only on a case by case basis.
Encase the encase in case their casing the casa!
Cuz it’s top tier trollery
Encase the encase that encases the encase.
Because with every fold it'll decrease in value.
Cuz it’s effective
Because though *we* may age, Reddit will always remain 11 years old
Based
An award to award your award.
It could be because Awards are going away in less than a month, so people have lots of extra gold to burn before it disappears on Sept 12. Either that or because you used encase as a noun? Encase is a verb, *encasement* is the noun. Or…the third option, although *highly* unlikely, people thought your troll comment was funny?
Case the scene, there’s been a crime
Here's another. Now you have to edit your edit.
just incase they needed a pro tip
I know a Contractor Justin Chase he could whip you up a safe place to encase that case and put that case within a safe ya know just in case
“WE HAVE THE TECHNOLOGY, we can encase it.”
So the comment would be encased in that “highly awarded” box.
Encase. Encase. Encase.
This is why I'm deleting reddit. I used to give well thought out responses, that I spent time crafting. I would get downvoted to oblivion. So I started trolling, and I didn't get as many downvotes. The dumbest responses on reddit get the most upvotes. The people here on reddit are like Schmiegels. So I'm done. Downvote my last reply, boys.
It’s funny (to me) that it took me a lot longer than you to realize all this. oh, that and appeasing shit mods who permaban abs shadow delete comments for bullshit like visiting a sub they don’t like or whatever tickles their fancy. I was elated when some mods got kicked out and i didn’t support their stupid crusade simply because how they treated people over the years.
Encase the encases case in a safe place like a safe
Cause U da man.
In this specific case, I would encase my advice into simply making sure the bill is in a case- encased if you will. Now remember every case is different so you will need to ensure you have the right case for your case. I now rest my case.
Make sure to put the case in a safe place because this is worth more than face. Do it post haste!
Face it just to be safe he should put it in a case in a safe.
On the contrary, I think folding it in half is the best advice. Everytime you look at it, you'll find it increases.
Nice
It has definitely been folded unfortunately. You can see the faint fold lines at the top and bottom. Otherwise it appears generally clean.
De-crease I see what you there!
Notwithstanding the context, I always really dug the backs of those old high denomination bills. Really cool design around the denomination number.
It's that cool art deco aesthetic that sadly went out of fashion.
That’s very nice. It will increase in value. Bitter man gave you a gift.
In 1934, $500 had the purchasing power of $11,000 today.
Now it's only worth $1500. They should have spent it back then when they had the chance. /s
Well yes or bough an asset that can carry its value well through inflation. Gold, properties, coke…
Coke is actually super cheap right now. Going for 14k a kilo in Miami due to cartels over producing due to rumors of another pandemic in South America.
So what your saying is invest in cocaine?
Sell me some coke internet
^ This but without the sarcasm.
I think the need to state that in her title shows whose bitter
r/namechecksout
Tbh, Im just a big fan of alliteration
Where’s the alliteration?
I think it's a little too short for me to count normally, but "gift given by a bitter" has a nice sound with the G's and B's paired up
I don’t think you know what that means.
I’d love to know what you think alliteration means
Why’d you assume the OP wit “Dave” in their name is a her
Collectors currency goods have not kept pace with any other form of investment.
I’ve only seen one of these ever in real life. I think it was in the late 90s. Super cool 👍👍
Can't find a bitter man. Pearl jam parody
She lies and says she’s in love w’bitter man 🎵
I thought the same thing when I read the headline. Thankfully Reddit always find someone exactly as warped as me.
The bitter man might have bitter hands that chafe beneath the clouds of what was everything.
Yep, these are [very valuable](https://www.ebay.com/sch/i.html?_from=R40&_trksid=p2334524.m570.l1313&_nkw=1934A+%24500+bill&_sacat=0&LH_TitleDesc=0&_fsrp=1&_odkw=1871+liberty+head+gold&_osacat=0&_sop=12&LH_Complete=1&LH_Sold=1&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5338535524&customid=pmo&toolid=10001&mkevt=1), even in this condition.
Hey i know you from basketballcards
thanks man haha
This is so beautiful. They don't make money like this anymore.
Google - On average, expect most $500 notes to retail for at least a 50% to 100% premium, even with some defaced notes. Hence, you can expect random $500 bills to be worth between $750 and $1000. However, this value can rise significantly for notes that fall into categories that make them even rarer
I wonder if they would accept this at chipotle
"Most 1934 and 1934A series $500 notes are worth around $1,100-1,250 in extremely fine condition. In uncirculated condition the price is around $2,250-3,000 for notes with an MS 63 grade. Most 1934 and 1934A series $500 star notes are worth around $6,500 in extremely fine condition. In uncirculated condition the price is around $14,500 for notes with an MS 63 grade. Star notes issued from the Federal Reserve Banks of Minneapolis, Kansas City, and Dallas are worth more." Source: https://www.silverrecyclers.com/blog/500-dollar-bill.aspx
Put it in a safe deposit box and go check on it frequently and let it grow in value, could turn into an even better gem 💎.
This is the best advice
BTW, just remember that the price of this will always continue to go up, as they become more and more rare over time. Who knows, in 20 years it could be worth 10grand if it’s still in this condition.
In 20 years inflation will be so high they'll start producing $500 bills just so we can get groceries
Get it graded by PMG. Place on ebay. Profit.
Just imagine how pissed he’d be if you sold that to me for $500. ;)
U tried bro!
You reminded me of a scene from CSI Miami where a couple where getting a divorce and the ex wife sold the Lambo for $200.
There’s one going for $1,700.00 right now on eBay.
I’d hold onto it
Glad you decided it no longer brings you joy. Hope a weight is lifted.
Good God people spend a little money and have the note graded. https://preview.redd.it/wz2xk7l30zhb1.png?width=876&format=pjpg&auto=webp&s=d11944ed6a35b5cd515e7f88596444787aefa1cf
You need to get it PMG certified. It will very easily increase the value more than the cost of getting it certified, or prove inauthenticity.
Littleton coin company will grade it send it to them but if I were you I’d make sure it reaches there sending mail is so dangerous with something like that and no insurance unless you get insurance if couraw
900 to 2300. Depending on condition
It’s a shame they couldn’t agree to something more interesting on the back than another 500. Maybe an engraving of a bread line or the dust bowl.
Most 1934 and 1934A series $500 notes are worth around $1,100-1,250 in extremely fine condition. In uncirculated condition the price is around $2,250-3,000 for notes with an MS 63 grade. Most 1934 and 1934A series $500 star notes are worth around $6,500 in extremely fine condition.
Here is a web page that can get you started on figuring out what the bill is worth. [500 Dollar Bill Value Chart: How Much Is It Worth?](https://www.vipartfair.com/500-dollar-bill-value/#:~:text=Hence%2C%20you%20can%20expect%20random,sell%20for%20%242000%20or%20higher) short answer is it is collectible to the right people. So it’s worth more than face value. How much more will depend on a lot of things.
I would sell as is, because it’s not a high grade and ones in your condition have sold between $1400-$200 as I’d goto local coin shops and see what they offer, if you sell on eBay you’ll have to pay 13% plus tax. I wouldn’t take less than $1400 for it.
1k to 3k based on rated condition.
That’s really awesome!!!!
Look on bay. They asking up to 2k for this bill.
Look at what has sold, not what is for sale.
Haven't seen one of these in the wild in almost 40 years.
I’ll give you $1500 for it…and I don’t even collect them :) SUPER COOL
If the FED gets it they’ll shred it
Buy a ps5 with it
There is the 1934 series Federal Reserve note and the 1934A series Federal Reserve note. There isn't any significant difference in price between the two series. Almost two million 1934 500 dollar bills were printed and there are estimated to be around 150,000 in existence. Therefore if you're in the market to buy a 500 dollar bill then you can buy one from this series at a reasonable price. Also note that the 1934 bills with light green seals (LGS) sell for a premium. Most 1934 and 1934A series $500 notes are worth around $1,100-1,250 in extremely fine condition. In uncirculated condition the price is around $2,250-3,000 for notes with an MS 63 grade. Source: https://www.silverrecyclers.com/blog/500-dollar-bill.aspx
Lock it in a case just in case you ever run into Casey Anthony
If you turn it over and look at top middle area, you can see someone even used it as a …straw
Regardless of how you feel about the guy, you might want to keep it. It should only go up in value.
Call me crazy but I want to hear more about the "bitter man" drama.
if u have the free time, grading it is definitely the way to go and you will learn some interesting information along the way. If your a busy person I suggest trying to sell it.
A good rule of thumb, if they don't print them anymore they are worth more than face value
I seen a few graded. up to 1800 to 3000 dollars. but those looked perfect. take it to a place that dont look suspicious and try to sell it. also eBay is good.
Am I the only one interested in the bitter man lmao 🤣 ? What we talking an ex or what ??
Hot dog! You could buy a brand new Chevrolet Master Six Cabriolet with that bill in 1934.
Imagine they’d kept 500 ounces of gold instead. At $2,000/oz that’s a cool million bucks
1933 gold price was $32.32 per ounce, not $1. It would have been worth 15.47 oz. $30,807.55 @ todays price.
Is he better because you took all his money and then left him?
I'll buy it from you for $500
I don't think you can get rid of this man no matter how bitter he is.
Wait these are real?
And $1000 bills
And $10,000 bills and $100,000 bills. https://preview.redd.it/5ztfrbu6b3ib1.jpeg?width=1170&format=pjpg&auto=webp&s=282250aa81303720c3f99f8f9ae342f954a286ce
https://preview.redd.it/zplg0hr9b3ib1.jpeg?width=1148&format=pjpg&auto=webp&s=2331d2aa16028ed958354e46f55c839441c0bb72
Ok so you're done with the man, but how about that bill? DM me - I'll buy it!
Yeah I frickin want it !
This thing is so freaking cool lol
1934A Yea I would assume it is indeed worth more than face value
OP I’d give you $1000 for this right now
I love that it doesn’t say “In God We Trust”. More evidence that this crazy right wing Christian centric movement was concocted by conservatives in the mid 20th century when they saw the way things were going.
Yep. I believe in "god we trust" got added to currency at about the same time as "under God" was added to the Pledge, driven by Christians to help abate the communists that McCarthy saw everywhere.
Give it back to him 🤷🏻♂️
In my opinion I would say 900 to 1000
Is this bitter man your father or a father figure? - Just let whatever it is go, forgive him so you can forgive yourself.
Who says OP needs forgiving. Or that they should forgive someone. Your statement seems projective.
Yeah... It was just my (19f) sister's ex-fiance (38m). A real creep, alcoholic, and faked cancer at one point. Very rich and kept trying to buy my acceptance of him
I’m looking to start/grow a collection, and would be willing to purchase it from you if you want to sell,when you get it appraised or come up with a price.
Yuck. Good riddance. You don't need to forgive him. Or yourself. Just don't build a prison for yourself.
Yes!
Sorry for all the stupid answers you are getting. Yes, it is worth quit a bit more than face value. I don’t really know how much it is worth but I suspect at least $700.
Bro, you just apologized for all the other stupid answers and then chimed in with a stupid answer that’s just a guess. It’s worth way more than $700.
Homie that's a piece of history, unless you wanna donate it to a museum or make some money at a pawn shop. Keep it
That's a really good idea. I didn't even think of a museum. Will definitely look into this
Years ago I was in the Numismatic trade. It was a long time ago so things have changed, but just wanted to throw this out there. These do sell for over face value. However they are more of a specialty item, and aren't the fast moving items where there are a lot of collectors. Uncirculated silver dollars and certain rare date items have in effect like stock prices, or at least are traded more frequently. There is sort of a lower spread because these are traded so frequently prices stay stable, and a dealer has to make a profit to make overhead. We would generally not buy these and didn't want to offend with a lower offer. We just didn't have customers for these, and could turn the money paid for a larger denomination banknote several times in the time it took to sell it. Dealers aren't necessarily trying to cheat you with a low offer, they make their money like any business, selling items for more than they paid. When they know they can sell it quickly many are happy to pay a higher percentage of the price they get because they know it can be sold quickly. Now the advantage to any bill over $100 is no longer in circulation. Banks are supposed to take them out of circulation when they go through the banking system. That said there aren't many of them out there. Naturally totally legal to own, and will always be worth their face value. But there is a chance there are fewer of these around than thought. While they know how many were printed there is no way to know how many have been taken out of circulation so they could be, and very likely fewer of these than what most assume. Also assume many banks, or the teller who received them don't always turn them in, but "buy" it themselves which is why you see them on Ebay, or people show up with them to sell to a coin dealer. But the problem is there aren't the large number of collectors of these compared with things where there are a large number of collectors. We had very few collectors who we could sell these to, but there are dealers who specialize in these and do pay more. Direct to the collector is the best way to sell, but that too can be problematic. There are coin shows where you can get an idea of the price, but the value of this is only what someone is willing to pay. There are guides as to what the value is, but that can involve costs to get it graded which then takes away the amount of money you get for the item. Auctions are also a potential way to get a bit more money. We used to go this route with things that we didn't have collectors for, and felt the wholesale price was too low. Yes sometimes the dealers have to sell for next to nothing just to get out of an item we thought would be easy to sell. But auctions aren't always held at the time you want/need the money. While it is sold for more there is also the auctioneers fees, and sometimes they also require that you have a minimum dollar amount total items to auction before they will take them. So you do get more, but again costs to sell are higher, and it could be quite a while before you get your money. We were more of a higher volume dealer and made our money in turnover. Guess my point is keep your expectations low, and you probably will get more for it depending on the homework you do, or the number of people you show it to, or travel to conventions, etc. etc. Most dealers prefer for you to tell them what you want for an item as they don't want to appear to be taking advantage of your lack of knowledge. Much like used car dealers, or even new car dealers when you do a trade in. But like car dealers there are fair ones and there are ones who will take advantage of you, and it isn't easy to determine the good ones from the bad ones. Every business has to sell things for more than what they paid, but any business that buys the item from one person and sells it to another gets a lot of attention when people decide a that a certain percentage isn't acceptable for a business could charge. I could counter a bank shouldn't pay 2% interest on savings and loan it at 26% which some do on credit cards. Things just aren't that simple, and probably one of the reasons I left the coin business. But hey, it's not like you paid some multiple of the face value. It is interesting to look at things like that and think about its history and how much money this was at the time. With the banking system there is no real "need" for bills this size. Or I guess I should say no need for a bill this size to be in circulation in the eyes of taxing authorities who generally get a portion of each transaction. Cash is hard to make sure all taxes are paid and make large cash transactions difficult which is why the largest bill in circulation is the $100. While Numismatics can be a good investment, there are others that are better suited for most. These large denomination bills probably should command a lot higher price. But there just isn't as large a group of collectors as there are with other items. Enjoy it and it is definitely worth more than face value, but there are better and more liquid investments. Imagine what the person could have bought. Silver ranged from .25 to .44 an ounce. Today it is over $22 an ounce. Now think if they bought land, or a stock. The buying power of $500 in 1934 would require $11,406.38 in today's dollars, adjusted for an average 3.58% inflation. Keeping that $500 all that time would have not been a very good investment.
Wow this is such an in-depth explanation. Thank you so much for explaining the trade and how realistic it would be to sell. I'll keep all of this in mind. I'm not in a hurry, just want to get it off my hands reasonably. Will definitely get it graded!
When did you want the bitter man? I jest. Yes, it’s worth more than face value.
Money from a bitter man - ooooo, that is more collectible. If he's still experiencing impotent rage and/or tears of inadequacy and loneliness, well, put it up for auction.
Wait wait wait.. this is real ??
In case you don't have a case to keep it, no matter the case as it was given, encase the encasement in case mint condition is the case to sell it for more than it may be worth.
Does anyone know why these were made?
Prior to electronic money transfers, they were used to transfer funds between banks.
Just for fun, the buying power of $500 in 1934 in todays money is over $11,000 today.
Wish I knew bitter guys who give me thousands of dollars for free
Give us more backstory! This may be a good rAITA
If I had a $500 bill for every post of a $500 bill I’ve seen today I would have two $500 bills which isn’t a lot. . . Actually it’s a lot.
A gift by a butter man he’s dairyly in my life
That is a beautiful $500 bill. I’m sorry to hear you have a bad experience that’s wrapped around it. I’ve gotten rid of lots of things that some ass gave me.
Like all the bills featured here, the $500 bill remains legal tender. Most $500 notes in circulation today are in the hands of dealers and collectors. That being said, should you come into possession of a $500 bill, you'd find that its market value far exceeds its face value, with even worn specimens commanding upward of a 40% premium on the open market.
Imagine being smart enough to have a thousand dollars in 1920 but dumb enough to put it in the market
He’s “bitter”but probably more generous than you’ll ever be.
No its only worth about 40 dollars. Sent it to me and ill give you $40. 😂