The 500 overly sized dollar bills have been in circulation within the United States for a decade. As these overly sized bills have gone extinct, today these notes are highly valuable.
If you’re lucky enough to get your hands on a 500 dollar bill, then the article below comprises the information that can prove to be helpful for you to determine the worth of the overly sized bill you own.
Worth of 500 dollar bill
The value of the currency is been decided by the collector after taking the following factors into his account:
The rarity of the currency is determined by when the currency was issued and how much of that currency is easily available in the market today. Old bills comprised of misprints or special markings, which makes them absolutely rare. Having said that, the bill that comes in handy with a star sign mounted on it is usually considered to provide users with an ultimate benefit.
This factor is solely based upon the fact that how popular your overly-sized bill is, and how much people crave it. If you’re lucky enough to get your hands on a 500 dollar bill that is extremely rare and scarce and is considered to be very popular among the locals. Then the demand for that bill will surely be on the roof. Moreover, the demand of the Bill also depends upon where your buyer is located.
Last but not the least, the condition of your 500 dollar bill will decide its worth. The bills are differentiated in terms of best to worst, which means the condition of your bill will be get started from uncirculated and will end upon poor. The more enhanced condition of your bill would be, the more amount of profit you’ll be able to get from it.
Having said that, the rarity, demand, and condition of your 500 dollars will determine how much profit you’ll be able to make from it. However, if we talk about the general terms, the rate of your 500 dollar bill are as follows:
- 1882 $500 Gold Certificate
Considered to be a very rare bill, the 500 dollar bill that was issued back in 1882 can have a worth of several thousands of dollars. And the rarest one can even go for hundreds of thousands of dollars.
- 1918 $500 Federal Reserve Note
These 1918 500 dollar bill that was issued by the Federal Reserve note comes in handy with two types. The circulated bills usually sell for a price range of 5000 to 10,000 dollars. Whereas an uncirculated bill can easily be sold for more than 10,000 dollars mark.
- 1922 $500 Gold Certificate
Just like the 1918 500 dollar bills, these 1922 bills comprised of the same types. A circulated bill can e easily sold for more than 5000 dollars. Whereas an uncirculated bill comes with a worth of more than 10,000 dollars.
- 1928 $500 Gold Certificate
The 500 dollar bill that was issued in 1928 comes in handy with a star symbol in its serial number. The circulated notes that don’t consist of a star symbol can be sold for around 2000 to 3000 dollars, whereas an uncirculated note without a star symbol can have a worth of around 10,000 dollars. Star uncirculated notes can worth even more than that.
- 1928 $500 Federal Reserve Note
The circulated 500 dollar bill that was issued by the Federal Reserve note in 1928 consists of the worth of around 1000 dollars. Whereas an uncirculated bill can be worth several thousand dollars for sure.
Bills that come in handy with a light-colored seal, a star symbol, or a low serial number proves to have a worth of a minimum of 1500 dollars, and if comes with the right combination, then it will surely hit the mark of 10000 dollars.
- 1934 $500 Federal Reserve Note
The circulated 500 dollar bill that was issued by the Federal Reserve note in 1934 can consist of the worth of around 600 to 1500 dollars based on its condition. Whereas an uncirculated note can reach up to the mark of 2000 dollars.
The notes that come with a star symbol can comprise of the worth of more than thousands of dollars.
The article above covers every 500 dollar bill to exist in the United States, hence it’s advised to choose the version of your bill wisely, and sell it accordingly to a collector.