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Value of 1861 Confederate $500 Bill from Montgomery
Year:  1861 Type:  Confederate Paper Money Denomination:  Five Hundred Dollar Bill
Value:  The value of all confederate money is based on the condition of each bill

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Description:  This $500 Confederate bank note shows cattle drinking at a stream as a train crosses a bridge. There is a woman in flowing garments with her arm outstretched in an oval on the left side of the note. Only 607 of these notes were issued and as such are considered very scarce 

If the serial number of your note is 85, then what you have is a reproduction with no collector value.  Please do not contact us if you have a reproduction.

The backs of these issues are blank, but they could be stamped or inscribed

Inscriptions: "Twelve months after date, the Confederate States of America will pay to bearer Five Hundred Dollars with interest at five cents per day/ Montgomery/ Receivable in Payment of all Dues Except Export Duties/ National Bank Note Company" 
We have a full guide to Confederate Currency here