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The guy that owns the coin shop here in town has a 1934 $500 bill. He has a price tag of $1100 on it. Its laminated and looks to be in great shape. But then I am no judge of paper money quality. Does his asking price seem ok?

Laminated?

I'd say 500 bucks.

Let him keep it Dan. Your hard earned money is best put elsewhere.

By "laminated" do you mean in a certified holder? If so, what's the grade?

If not, that sounds insane

For reference $500's that are a crumpled/stapled/torn mess would be around $550, one with no immediately visable tears but with folds around $750 (depends on district/etc.) and then one with no folds around $1,000 (give or take).

But laminated sounds weird unless you mean graded.

It is laminated between two pieces of clear plastic. Rode, I ain't gonna buy it, I have spent to much money lately on silver and gold.

Condition, district, and how low the ser number makes a huge difference in pricing. The market of bills is depressed right now. This bill for 1100, better be a decent vf not from Chicago or the other higher mintage districts.

For as long as I can remember you can generally get decent $500 for $550 and $1000 for $1100 if they the common ones. They are really neat bills but there is not a huge demand and you can tie up a lot of money fast.