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Description

High Grade $5,000 Federal Reserve Note

Fr. 2221-B $5,000 1934 Federal Reserve Note. PCGS Choice New 63.
In 2009 we had the pleasure of offering this note as part of our Central States Signature Auction. We were fortunate enough to see it outside of the confines of the PCGS holder which describes it in part, "A physical inspection of this note prior to grading by PCGS allows us to add a little more insight into the note in the holder. Though the embossing looks light, it is present and original. A touch more margin at top, and this colorful piece would have likely garnered a full Gem grade."

Treasury records indicate 11,520 1934 $5,000s were printed for the New York Federal Reserve. Interestingly only one survivor in the census has a number above 1000, and at B00002403A, it's likely that very little of the issued notes ever left the Federal Reserve Bank or another large institution that redeemed their entire deposit. This piece is in that low serial number range at 691 and features a lime green overprint that we see with many of the lowest serial numbers issued among the districts.
From the Kiawah Collection Part III




View all of [The Kiawah Collection Part III ]

Auction Info

Auction Dates
August, 2015
13th Thursday
Bids + Registered Phone Bidders: 7
Lot Tracking Activity: N/A
Page Views: 5,341

Buyer's Premium per Lot:
17.5% of the successful bid per lot.

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