When the Federal Reserve was established in 1914, Congress also authorized the production and release of Federal Reserve Notes. These paper notes would go on to become the dominant paper currency in the United States, eventually replacing all other forms of paper money like the United States Note, Silver Certificates, Gold Certificates, and National Banknotes. Today, you have the chance to get 1934 $500 Federal Reserve Notes online at Provident Metals in certified condition.
When the 1918 Series Federal Reserve Notes were introduced, the Treasury and Federal Reserve offered different images on the obverse and reverse than you will find on the 1934 Series notes, with two exceptions. The figures depicted on the obverse of the $500 and $1,000 notes both changed in 1934, with the reverse of all the notes also changed. The reverse of each original note had its own, distinct design that was artistic in nature. The 1934 Series introduced rather bland visual elements with only the denomination and nation of issue noted.
On the obverse of 1934 $500 Federal Reserve Notes is a depiction of President William McKinley, the 25th President of the United States. His portrait was adopted with the 1934 Series overhaul and he replaced John Marshall on the note. Marshall was the 4th Chief Justice of the United States, the fourth-longest serving justice in the history of the Supreme Court, and is still the longest-serving Chief Justice of the Supreme Court.
The reverse side of the 1934 $500 Federal Reserve Note features the denomination of the bill. This is featured in all four corners with numeric notations and through the middle of the field in alphabetic notations. The nation of issue is also featured at the center.
The only design element to remain in place when the 1918 Series notes were overhauled in 1934 was the obverse of the $10,000 note. Salmon P. Chase was on the obverse of the 1918 Series note and remained there for the 1934 Series overhaul. In addition to President McKinley replacing Chief Justice Marshall, President Grover Cleveland replaced Alexander Hamilton on the $1,000 note.
1934 $500 Federal Reserve Notes listed here are in plastic currency sleeves and come with an Extremely Fine 40+ grade. Notes in this condition have three to four fold lines, with only one at most being a horizontal fold line.
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|Condition||Extremely Fine 40+|
|Mint Mark||Not Shown|
|Product Series||Federal Reserve Note|
|Certificate of Authenticity||No|
|Packaging||PMG Certified Sleeve|
|Shipping||Orders over $199 Ship Free|
|Dimensions||156 x 66 x 0.1 mm|