Betty O. writes: I`m trying to locate a $500 bill for a gift to a very young collector. Are there ever any available?
Yes, from paper money and coin dealers. Expect to pay anywhere from $150 to $350 over face value for circulated notes. They haven’t been issued since 1934. They are not available from banks unless you find someone depositing one and the bank lets you have it for face value. The banks are currently instructed to return them to the Treasury for destruction. They are still legal tender and probably will keep that status indefinitely.
This is a pretty nice gift for anyone, especially a young collector!
