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There are two types of this note. If the watermark shows King Hussein (a young king at the time), then this is the most common note and is worth $50 to $500, depending on condition. $500 would be the value if it's in undisputably mint condition. if the watermark shows King Abdullah I (older and wearing a turban), then this is a scarcer variety and is worth up to $1,000 in mint condition. In used condition, however, it is still in the same range (perhaps a little more) than the more common type. $70-$100 used. I found this site www.JordanCurrency.com and it discusses all these notes and more.

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Q: What is the value of a 1949 Jordan 500 fils?
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