The Treasury minted several versions of the $500 bill, featuring a portrait of President William McKinley on the front. The last $500 bill rolled off the presses in 1945, and it was formally discontinued 24 years later in 1969. The offered 1934A Federal Reserve Note New York Julian|Morgenthau $500 bill with the serial number G00021046A has three barely visible width folds plus a slight tear in the upper right and in our opinion rates VG.