Fr. 2231-A $10,000 1934 Federal Reserve Note. PMG Choice Uncirculated 63.. ...

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Newly Reported Boston $10,000

Fr. 2231-A $10,000 1934 Federal Reserve Note. PMG Choice Uncirculated 63.
Tucked away in collections held for decades are incredible notes like this. Until now, this serial number had not been captured by census takers. It represents one of the most coveted pieces of collectible United States currency as the incredibly high face value precluded the setting aside of these $10,000 notes as souvenirs. According to the latest census, about a dozen Series 1928 notes and around 200 of the Series 1934 notes are known in all grades and districts combined for this denomination. Of that total, roughly half of the 1934 notes are from the New York district, thanks to the famous Binion hoard, with the remaining survivors scattered over the other eleven Federal Reserve districts. The quality of this offering from the Boston district is quite impressive as it is fully Uncirculated and has not been played with as many of its counterparts have been subjected to various forms of "improvement" over the years. A study of the Track & Price auction records shows that three 64-graded examples have brought in the $215,000 to $225,000 range over the past several years. This well margined, boldly inked high denomination note certainly appears to have the margins for a higher grade and could approach those other realizations.
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