The value of a 1934 $500 Federal Reserve Note depends on several factors, including its condition, issuing Federal Reserve Bank, and serial number. These notes featured a portrait of President William McKinley. A bill in pristine, uncirculated condition will command a significantly higher price than a well-worn or damaged example.
Collectors prize these notes for their historical significance, representing a period of economic upheaval during the Great Depression. The large denomination also adds to their allure. Understanding the note’s valuation requires considering its rarity and the current market demand for such collectibles. Factors like the issuing Federal Reserve Bank (indicated by a letter and number on the bill) can influence value, as some districts produced fewer notes than others.