Now thanks to a special purchase, you can own a high denomination $1,000 Federal Reserve Note the public rarely saw! That’s because banks primarily used them to settle large inter-banking transactions until electronic transfer funds replaced them. Normally these prized notes are found one at a time. So the buyers and I were excited when we located this small group, and delighted by its overall quality.
What’s great about these Series 1934 and 1934A $1,000 bills is that they’re nice, problem-free bills! Because they were stored properly for over half a century, you’ll enjoy attractive notes with all of the major detail present. Plus, compared to Uncirculated notes, the ones here, ranging in About Uncirculated, are affordable and collectible.
Issued between 1929-45, these scarce, high denomination notes show a portrait of Grover Cleveland on the face, with a geometric back design. By WWII, the government noticed a lack of demand for the notes, and stopped production in July 1945. With none printed for over 65 years, and the Federal Reserve Banks retiring and destroying those received, its no wonder they are scarce today. According to Track & Price only 5,774 have been recorded and are known to exist to date. Lots of people aspire to own this coveted $1,000 note – not just collectors. They are so unusual and rarely seen, that their allure creates outstanding demand, so don’t wait to get yours!
- Denomination: $1,000