$500 & $1,000 Federal Reserve Notes - A rare find today, $500 and $1,000 bills are still 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 depicts President William McKinley, while the $1,000 denomination features a portrait of President Grover Cleveland. To put the scarcity of these notes into perspective, the total number of $500 & $1,000 bills printed in all three series (1928, 1934, 1934-A) is just over 6.5 million. That is less than one weeks' worth of $100 bill production today! To view available products, click on the image representing the item of your interest: Unless they are certified by a grading service, all $500 & $1,000 notes will be housed in Capital plastics deluxe currency holders.