Value of Five Hundred Dollar Bill from 1862 or 1863
|Year: 1862 / 1863
|Type: Legal Tender / United States Note
|Denomination: Five Hundred Dollar Bill
|Value: The value of legal tender five hundred dollar bills is based on their condition and series number
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|Description: Five hundred dollar legal tender notes are extremely rare. There are less than ten of these known across all seven varieties, with some varieties being unreported. This is not the kind of note that you will find at the local coin shop. These are held in very advanced collection and government collections.
The central figure is that of Albert Gallatin. Gallatin was secretary of the treasury under Thomas Jefferson. Needless to say, Gallitin is one of the most obscure people to be featured on United States currency. In addition to the portrait, these $500 bills also have a red seal and serial number.
|Variations: $500 legal tender notes come in seven different varieties. Which variety you have is based on the act date, the series number, the seal type, the writing on the back of each note, and a handful of other smaller intricacies.
|Inscriptions: Act of Feb 25th 1862 or Act of March 3rd, 1863 – Series ### – The United States Promise To Pay To The Bearer Five Hundred Dollars Payable At The Treasury of the United States At New York – American National Bank Note Co. – Register Of The Treasury – Treasurer Of The United States – Washington – Amer Septent Sigil Thesaur – March 10th 1863 – This Note Is A Legal Tender For All Debts Public And Private Except Duties On Imports And Interest On The Public Debt / And Is exchangeable for U.S. Six percent Twenty Year Bonds, redeemable at the pleasure of the U. States after Five Years / And Is Receivable In Payment of All Loans Made To The United States – United States of America