In the 21st century, the Treasury of the United States issues seven denominations in the Federal Reserve Note Series. The last series of paper notes introduced in the United States, Federal Reserve Notes are the only denominations still issued today. A century ago, the US issued some of the denominations we still see today, as well as some that have disappeared from circulation. Today, 1934 $1000 Federal Reserve Notes in VF30 condition are available to you online at JM Bullion.
- Available to you in protective plastic currency sleeves!
- From the final design series of $1000 Federal Reserve Notes!
- Limited availability of certified notes!
- The face value of $1000 (USD) is fully backed by the US government.
- Graded Very Fine 30 by the PMG.
- On the obverse is President Grover Cleveland.
- The reverse features the denomination of the note.
In 1918, the Treasury issued the second of two sets of Federal Reserve Notes. The 1914 Series was the debut for Federal Reserve Notes and saw the release of denominations of $5, $10, $20, $50, and $100 notes. The 1918 Series offers much larger denominations starting at $500 and going up to $10,000. These notes were used only for transfers of large sums of money between banks or between the government and banks. The 1934 Series saw each of these four larger denominations from the 1918 Series redesigned.
All of the 1934 $1000 Federal Reserve Notes available here come in plastic currency sleeves for safekeeping. The notes were graded Very Fine 30 by the PMG. Notes in this condition have light signs of circulation use, with light soiling of the paper common. You’ll find that most Very Fine 30 notes have only somewhere between 7 and 10 fold lines visible.
On the obverse of 1934 $1000 Federal Reserve Notes is a portrait of President Grover Cleveland. This bust of President Cleveland first appeared on the 1914 Series $20 Federal Reserve Note, but the 1928 redesign of those notes into the small-sized format saw Cleveland’s effigy replaced by that of President Andrew Jackson. However, President Cleveland gained a new lease on life when the 1918 Series notes were redesigned for the 1934 Series and his bust replaced that of Alexander Hamilton on the $1000 Federal Reserve Note.
The reverse side of the 1934 $1000 Federal Reserve Note features an image of the note’s denomination. The 1934 Series redesign for the larger denominations marked the end of ornate reverse designs and introduced the use of simple denominations.
Please feel free to reach out to JM Bullion with any questions. Our team can assist you at 800-276-6508, online using our live chat, and via our email address.