How much is a $500 Confederate bill worth?

How much is a $500 Confederate bill worth?

If Confederate bills are very crisp and have not been folded or circulated, they can be worth $10 to $100 each. Earlier versions from the early part of the Civil War and more decorative versions can be worth much more money; if you get a $500 bill it can be worth thousands of dollars.

What president was on the $500 bill?

William McKinley is the President on $500 dollar bill. Millions of $500 dollar bills were printed in US, mostly before 1940s. Believe it or not, but $500 dollar bills are still very common. The collector value of five hundred dollar bill is generally around 1.5x to 2x the value printed on the bill.

When did the 500 dollar bill stop circulating?

1969
On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.

Why is Confederate money worthless?

When the South started losing the war, the value of Confederate money dropped. In addition, prices for food, clothing and other necessities rose because many items were scarce during the war. Graybacks became almost worthless. Some rare Confederate bills are now worth 10 times more than they were in 1861.

What is the highest denomination bill currently in circulation?

$100 bill
The highest value of denomination currently in production is the $100 bill, but in decades past, the Federal Reserve has issued $1,000, $5,000, $10,000 and even $100,000 bills. The first known use of the $1,000 bill coincides with the United States’ beginnings.

How do you authenticate a Confederate bill?

All Confederate notes have at least one serial number stamped or handwritten on them. Most of the serial numbers will be located on the top or bottom corners of the notes. Check the color of the paper. Notes of a lower denomination (especially the 50 cent notes) were printed on pink paper.