$500 Bills & $1,000 Bills - A rare find today, $500 and $1,000 bills are genuine U.S. legal tender. Last printed in 1945, the government ceased distribution of these denominations by 1969. These high denomination notes were mostly used for transactions between banks, or for large private transactions such as making a down payment on a house, and seldom seen in circulation. The $500 bank note features President William McKinley, while the $1,000 bank note depicts President Grover Cleveland.

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