Fr. 2233-B 1934B $10,000 Federal Reserve Note Face Specimen. PMG Choice About Unc 58....

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Very Scarce Series 1934B $10,000 Face Specimen

Fr. 2233-B 1934B $10,000 Federal Reserve Note Face Specimen. PMG Choice About Unc 58. The Bureau of Engraving and Printing prepared Specimen printings for most of the currency series issued in the decade after the 1928 conversion to a small currency size. These Specimens were unlike those that were printed in the Large Size series; most were uniface with a back engraving simply stating SPECIMEN, NOT NEGOTIABLE. Most, but not all were roulette cancelled SPECIMEN.

Small size $10,000's started with Series 1928 and quickly followed with Series 1934. Both Series are available to collectors today, but in limited numbers. Bureau of Engraving and Printing Records show that not only were plates prepared for Series 1934A and 1934B $10,000 FRN's, but 1,548 notes were printed and presumed released. The complete lack of any hint of the notes existing suggests that they may have been printed, but never released. The signatures of W.A. Julian and Fred M. Vinson indicate Series 1934B plates were likely prepared between 1945 and 1946, during their very short combined tenure in the Treasury.

The Specimen offered here this evening is an ideal example of the Specimen Printing, with just a hint of a bend preventing a higher Grade, despite its Gem appearance. We have handled a couple other examples of these early $10,000 Specimens, including a Series 1934B Face and Back Specimen pair that realized $23,000 in our 2005 Taylor Family Collection. The Specimen market has matured since then, leading us to believe this Face Specimen could break out of our estimate range this evening.

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