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1934 A $500 Federal Reserve Currency Note Chicago PMG VF 30
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1934 A $500 Federal Reserve Currency Note Chicago PMG VF 30
A prestigious relic of American banking history, the 1934 A $500 Federal Reserve Note from the Chicago district is a standout collectible for paper money enthusiasts. Certified VF 30 by PMG, this note displays solid detail and attractive paper quality, offering a well-preserved example of a high-denomination note rarely seen in circulation. Initially intended for bank-to-bank transfers and government transactions, these $500 bills were retired from use in 1969, making surviving pieces increasingly scarce.
High-denomination notes such as the $500 bill were introduced in the early 20th century to streamline large financial transactions before the advent of electronic banking. The 1934 and 1934 A series were the last $500 notes issued by the U.S. Treasury, with production ceasing in the late 1940s. When discontinued in 1969, most were destroyed, leaving only a limited supply for collectors today.
The Chicago issue is identified by its “G” Federal Reserve seal, linking it to the Federal Reserve Bank of Chicago. Its portrait of President William McKinley, combined with the elegant green reverse, reflects the artistry and gravitas of U.S. currency during the interwar period.
Key Attributes:
- Denomination: $500
- Series: 1934 A
- Graded VF 30
- Graded by PMG (Paper Money Guaranty)
- Obverse: Beautifully showcases a portrait of President William McKinley, encapsulating his legacy and significance to American history.
- Reverse: Displays a simple yet bold design showcasing “FIVE HUNDRED DOLLARS” in large font
The 1934 A $500 Federal Reserve Note – Chicago, PMG VF 30 is an impressive survivor from a discontinued class of U.S. currency. Its substantial face value, certified grade, and historical significance make it an exceptional choice for advanced collectors or anyone seeking to own an iconic piece of America’s monetary heritage.
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