Lot 1163
1934, $1000 Federal Reserve Note. PCGS Currency About New 50. . Fr-2211-G. A nice example. Much original crispness remains. The last $1000 bills entered circulation in the mid-1940s before the U.S. government decided to begin withdrawing all large-denomination bills (those larger than $100). In an era of check writing (and later, credit cards), it was felt there was less need for these bills. Collectors have had a love-affair with the thousand-dollar-bills since they became hard to find. And with reason. To give some idea just how much money this was in the years when it was current, a thousand dollars would buy about 28 golden U.S. double eagles at a price of $35 an ounce!
Estimated Value $1,800 - 2,000.
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| Realized $2,185 |
