The Treasury minted several versions of the $500 bill, featuring a portrait of President William McKinley on the front. The last $500 bill rolled off the presses in 1945 and was formally discontinued in 1969. Most $500 notes in circulation today are in the hands of dealers and collectors. Should you happen to come into possession of a $500 bill, you will find that its market value far exceeds its face value, with even worn $500 bills commanding upward of a 40% premium on the open market. Although no longer in circulation, the $500 bill remains legal tender.
