1934A $500 Federal Reserve Note San Francisco PCGS Choice VF 35

This 1934A $500 Federal Reserve Note from the San Francisco district (District L / 12) is a scarce piece of United States large-denomination currency, certified PCGS Choice VF 35. The note bears Fr. 2202-L and carries the Julian-Morgenthau Jr. signature combination, identified as a mule variety with plate number I2/2. The obverse displays a portrait of President William McKinley framed by ornate engraving, the Federal Reserve Bank of San Francisco seal, and the green Treasury seal along with serial number L00158385A. The reverse showcases detailed lathe-work scrollwork surrounding the bold "500" denomination. $500 notes were issued for large interbank and commercial transactions and were withdrawn from circulation in 1969, making surviving examples like this one desirable to currency collectors and students of American monetary history. The note is encapsulated in a tamper-evident PCGS Banknote holder, which protects the paper and preserves its certified grade while allowing full visibility of the design details on both sides. This holder format makes the note easy to display, store, and hand down as part of a serious paper money collection.