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1934 $1000 Federal Reserve Currency Note Chicago PMG AU 55
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1934 $1000 Federal Reserve Currency Note Chicago PMG AU 55
A remarkable survivor from America’s era of high-denomination currency, the 1934 $1,000 Federal Reserve Note issued by the Chicago district is a centerpiece for any advanced currency collection. Certified About Uncirculated 55 by PMG, this note exhibits sharp detail, clean paper, and minimal handling, making it an exceptional example of one of the most prestigious U.S. notes ever produced.
High-denomination notes like the $1,000 bill were created to facilitate significant financial transfers before the rise of electronic banking. Issued primarily to banks and government institutions, these large-value notes rarely entered public circulation. The 1934 series, introduced during the Great Depression, represents the last major issue of $1,000 notes, with production ending in the late 1940s. When the Treasury discontinued high-denomination bills in 1969, most were destroyed, leaving a small fraction available to collectors today.
The Chicago note, identified by its “G” Federal Reserve seal, pairs Grover Cleveland’s dignified portrait with an ornate reverse, showcasing the artistry of mid-20th-century U.S. currency.
Key Attributes:
- Denomination: $1,000
- Series: 1934
- Graded AU 55
- Graded by PMG (Paper Money Guaranty)
- Obverse: Features the effigy of Grover Cleveland, the 22nd and 24th President of the United States. Complemented by the denomination and the inscription "THE UNITED STATES OF AMERICA,"
- Reverse: The bill displays the denomination, along with the patriotic phrase "The United States of America."
The 1934 $1,000 Federal Reserve Note Chicago, PMG AU 55 is an extraordinary combination of rarity, history, and visual appeal. With its high face value, certified grade, and enduring prestige, this note is a standout acquisition for serious currency collectors and investors alike.
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