Originally Posted by
jerry a. laska
Here is a .pdf showing valid Bank of Japan banknotes. The 500yen and 1000yen notes you are describing are shown on page 2 and should have Iwakura Tomomi and Ito Hirobumi pictured on the face respectively. I don't know how much success you would have in exchanging these at a currency exchange in another country although you shouldn't have much problem in Japan.
Slightly OT but that is a great PDF! I had no idea that there used to be 500 yen bills let alone 100 yen and even 1 yen! Very cool

Now I want to see if I can find any of these bills...
OP if you have any problems using the bills I'd love to at least buy a few of them from you (not necessarily to use).