Series of 1934-A $500 Federal Reserve Note featuring William McKinley the 25th President of the United States, who served from 1897 until his assassination in 1901. This bill was issued by the Federal Reserve Bank of St. Louis, Missouri. The letter “H” inside the circular seal on the left indicates where it was distributed with the corresponding district number “8” is stamped across the corners of the bill. The signatures include W.A. Julian who was the Treasurer and Henry Morgenthau Jr. who was the Secretary of the Treasury. Dimensions: 2.6" H x 6.25" W.

Some historical context about this bill includes how these bills were never intended for everyday consumer transactions. Instead, they were primarily utilized as financial instruments to handle large interbank transfers before the invention of secure electronic wire networks. The Bureau of Engraving and Printing stopped printing high-denomination bills in 1945. In 1969, the Federal Reserve Bank began actively recalling and destroying them from circulation to combat money laundering and illicit activities. 


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This bill appears to be "Choice Very Fine" due to the light wear from circulation. Along with small holes on the bill to the left of the portrait. See photos for more condition details.