$500 1934 Federal Reserve Note San Francisco PMG Choice Fine 15 NET

CVC & Collectables presents this impressive 1934 $500 Federal Reserve Note from the San Francisco district, cataloged as Friedberg Fr.2201-Ldgs and certified PMG Choice Fine 15 NET. High-denomination Federal Reserve Notes were primarily used for large bank transfers, interbank settlements, and significant commercial transactions rather than everyday circulation. Today, surviving examples are highly sought after, especially district-specific notes like this scarce San Francisco “L” district issue.

Note Highlights:

  • Issuer/Type: United States — Federal Reserve Note (Large Denomination)
  • Date/Denomination: 1934 • $500
  • Catalog: Fr. 2201-Ldgs
  • District: San Francisco (L)
  • Block: LA Block • Dark Green Seal
  • Grade: PMG Choice Fine 15 NET
  • Comments: Paper Damage, Rust, Annotations
  • Serial Number: L00130991A
  • Signatures: Julian • Morgenthau
  • Format: Large-Size U.S. Paper Money
  • Holder: Paper Money Guaranty, authenticated and graded

Design & Devices:

  • Face (Obverse): Portrait of President William McKinley at center, flanked by large “500” denomination counters, Federal Reserve district seal, green serial numbers, and classic Bureau of Engraving detail.

  • Back (Reverse): Bold denomination reverse with oversized “500” counters, ornamental scrollwork, and the familiar green reverse design used on early large-denomination Federal Reserve Notes.

Collectibility:

Large denomination notes were officially discontinued in 1969, with most examples returned to banks and destroyed, making surviving pieces increasingly scarce. The $500 denomination remains one of the most recognized and desirable among advanced currency collectors. This San Francisco Fr.2201-Ldgs example offers strong historic appeal, substantial collector presence, and ownership of a denomination few collectors ever encounter.