How Much Is a 1928 $500 Bill Worth?

As with any high denomination note, the value of a 1928 $500 bill is based on issuing district, star note designation, condition, serial number, and seal color.  The information below gives rarity information.  Please contact us for exact values.

Number of 1928 $500 Bills Printed	Number of 1928 $500 Bills Available to Collectors
1,689,096	133,408

1928 $500 Bill Issuing Districts:  1928 five hundred dollar bills were issued by all twelve Federal Reserve banks.  The issuing bank is always a factor when trying to determine value.  The issuing bank can most easily be determined by looking at the black seal on the front left hand side of the note.  The Federal Reserve Bank will be listed inside the seal.
In the case of the 1928 five hundred dollar bill, the Boston District (signified by an “A”) is the most valuable. In all other cases circulated notes from the other eleven districts should be worth similar amounts.  However, there are some differences when dealing with high grade gem notes.

1928 $500 Bill Star Notes:  Even if you are new to currency, you are likely still aware that a star symbol in the serial number of a note can be very important.  In the case of 1928 five hundred dollar bills, star notes are paramount.  A star symbol at the end of a note’s eight digit serial number can be the difference between the note being worth $600 and $16,000.  Star notes were issued by all districts but only a handful are known to exist. Certainly contact us if you have a star note.

1928 $500 Bill Condition:  Most high denomination notes were not used in everyday commerce so they tend to be available in high grades.  Any time you are dealing with collectible currency problems like tears, stains, rust, missing pieces, and other undesirable ailments can negatively affect the value considerably.  For more about condition, see the grading page here.

1928 $500 Bill Serial Number:  As with all collectible currency, an interesting serial number can make a note valuable even if it is otherwise common.  A low digit serial number (two numbers or less, 000000##) would add a premium to a 1928 five hundred dollar bill

1928 $500 Bill Seal Color:  1928 five hundred dollar bills come in light green seals and dark green seals.  The light greens seals were issued after the dark green seals, and only for the New York, Chicago, and Kansas City districts.  They do carry a small premium.  The note below has a light green seal, and the note up top has the dark green seal.

Call (864-430-4020) or email us (admin@oldcurrencyvalues.com) if you have a 1928 $500 bill that you would like to sell or have appraised.