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Own a remarkable piece of U.S. financial history with the 1934 $500 Federal Reserve Note from New York, certified Very Fine 30 EPQ (Exceptional Paper Quality) by PMG. High-denomination notes like this were never meant for everyday spending. Instead, they served as tools for large-scale interbank transfers in an era before electronic payments existed. Today, these rare survivors stand as coveted symbols of American monetary heritage.
The 1934 $500 note was introduced in the depths of the Great Depression, when high-value currency played a crucial role in facilitating institutional settlements. By the late 1960s, advances in banking technology rendered these bills unnecessary, and the government recalled them from circulation. Few have endured, and those that remain in collectible grades—especially with the desirable EPQ designation—are prized for their originality, scarcity, and elegance.