Most Americans alive today have only ever seen US Federal Reserve Notes in a denomination as large as $100. Currently, that is the largest denomination in circulation in the United States. When the Federal Reserve Note Series was introduced in 1914, the series included familiar denominations still in production today. The 1918 Series, however, introduced denominations few Americans would recognize today. The second-largest denomination was the $5,000 note. Right now, JM Bullion offers you a rare chance to purchase a 1934 $5,000 Federal Reserve Note that is in Choice Uncirculated 63 condition.
- Arrives in a PCGS Banknote protective plastic currency sleeve!
- Last design series of $5,000 Federal Reserve Notes!
- One of fewer than 250 surviving examples of this denomination!
- Extremely limited availability in certified condition!
- Bears a face value of $5,000 (USD).
- On the obverse is President James Madison.
- The reverse features the denomination in several corners.
This 1934 $5,000 Federal Reserve Note is available with a grade of Choice Uncirculated 63 from the PCGS. Banknotes with this grade may have an imperfect centering on the primary design, and it is possible for several small flaws to be present. However, this note has no fold lines and good margins around the design, indicating better centering than other notes of this grade. Additionally, the note has a well-embossed design on both sides. Finally, these notes have earned a PPQ qualified from the PCGS. This stands for Premium Paper Quality, indicating the note still has vibrant ink color and good overall eye appeal.
When the 1934 $5,000 Federal Reserve Note was first issued by the United States, the average salary of an American was almost half the value of this single note. In 1945, for example, the average American salary was just $2,595. The $5,000 Federal Reserve Bank Note available here is part of the small-sized note series, a design concept introduced in 1928. The last year the US issued the 1934 Series $5,000 Note was in 1945.
On the obverse side of the 1934 $5,000 Federal Reserve Note available here is a portrait of the 4th President of the United States, James Madison. His effigy is set in the familiar porthole frame at the center with the denomination noted in all four corners with yellow-green ink for the serial numbers and seals on the design. The reverse face of the 1934 $5,000 Federal Reserve Note comes with the denomination noted in all four corners as well as across the center of the design field.
Theres a reason most Americans never saw notes like the 1934 $5,000 Federal Reserve Note up close. The large denomination of notes the Treasury introduced in 1918 were largely restricted to use for bank transfers between banks or between the federal government and banks. Starting in the 1960s, these notes were removed from use and destroyed by the Federal Reserve, making remaining specimens such as this one highly valuable to collectors.
If you have any questions, please feel free to ask. JM Bullion customer service is available at 800-276-6508, online using our live chat, and via our email address.