Like other historical high denomination bills, the 1934 $500 Chicago note is determined by issuing district, as well as the serial number, seal color, star note and condition. The total number of these bills printed is 917,628, and the number still in existence today which can be acquired by collectors is approximately 72,476.

Overview Of The 1934 Chicago $500 Bill

These bills were produced by each of the 12 banks of the Federal Reserve. The bank of issuance is very important when performing a valuation, and can be determined by viewing the black colored seal which can be seen on the front near the left side. The name of the bank should be shown there. Star symbols are exceptionally rare in these notes, much more so than other issues. A star which is visible near the end of the eight digit number can increase its value by well over one thousand dollars.

This currency was issued during the Great Depression, and if inflation is taken into consideration they have a much higher spending power today than their denomination indicates. Even back in 1934 one of these bills could have been used to purchase a new car. The bills were finally taken out of circulation by 1969.

Due to the higher denomination of these notes they were not regularly used in daily transactions. As such they will often be found in premium grades. Whenever you encounter blemishes such as stains, tears, missing pieces or rust, the value of the currency will be adversely affected, sometimes significantly. Aside from the star note, another feature that can greatly increase the value of the 1934 Chicago $500 note is an unusual serial number.

Serial Number And Seal Color

The most valuable serial numbers in this note are those which are low digit, which means it has two digits or lower. Any notes which fall under this category will carry a premium. Another important thing to pay attention to is the color of the seal. The 1934 Chicago $500 bill came in either a dark green or light green seal. The notes with a light green seal were produced before their dark green counterparts.

Usually, the 1934 $500 bills which have a seal that is light green in color will carry a value which is ten percent higher than standard issues. Additionally, the notes with light green seals will often have serial numbers which are beneath ten thousand. A collector with a keen eye can identify them without needing assistance from a range of serial numbers. You will also want to locate notes that have a serial number lower than one hundred, as these are the most coveted. The condition of these bills, like others, will always be taken into consideration. The majority of 1934 Chicago $500 bills will sell for about $750. At the same time, those which are in excellent condition have star symbols and or low serial numbers can be substantially more valuable.