“Ultra-Rare” $500 Bill From the Roosevelt Era to Be Auctioned Off in England

The1934banknote,featuringastoicportraitofPresidentWilliamMcKinley,waspartofabigcollectionofrareUSmoneyfoundinWales

Averyrare$500billfromtheRoosevelterawillbeauctionedoffinEnglandonWednesday—anditcouldfetchmorethantwicethenumberprintedonitsface.The1934banknote,featuringastoicportraitofPresidentWilliamMcKinley,waspartofalargecollectionofrareUSmoneyfoundinWales,HansonsAuctioneerstoldFox8inNorthCarolina.Thebillwasuncommonforseveralreasons,accordingtoWilliamHayward,acoinandbanknotevalueratHansons—nottheleastofwhichisthatitwasexceedinglyuncommonforsomeonetowalkaroundwiththatmuchmoneyintheirpocketbackin1934.Backthen,abillofthatamountwouldbeworththeequivalentofabout$11,600today,thestationsaid.“It’salsounusualbecauseithasn’tbeenredeemed,”Haywardsaid.“Theyarestilllegaltender.Fivehundreddollarsisstillfivehundreddollarsattheendoftheday,”hecontinued.“TheUnitedStatesnolongerissuesbillsinlargerdenominations,suchas$500,$1,000,$5,000,and$10,000bills,butsomemaystillbeincirculation.”TheBureauofEngravingandPrintinghasnotprinteda$500notesince1945,headded.Congressofficiallydiscontinueditbackin1969.Theguidepriceforthebillsaysitcouldfetchbetween$1,000and$1,260whenithitstheauctionblock,thestationsaid.Therarecoinandbanknotemarketisa“richareaofgrowth”inthecollectiblesmarket,Hansonssaid,andtheirsalesregularlyachieverecord-breakingresults.

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