{"product_id":"1934-5-000-federal-reserve-note-pmg-choice-uncirculated-64-epq","title":"1934 $5,000 Federal Reserve Note, PMG Choice Uncirculated 64 EPQ","description":"1934 $5,000 Federal Reserve Note, PMG Choice Uncirculated 64 EPQ\u003cbr\u003e Chicago, Illinois\u003cbr\u003e Fr. 2221-G\u003cbr\u003e Serial no. G00001176A \u003cbr\u003e\u003cbr\u003e This extraordinary 1934 $5,000 Federal Reserve Note is one of the rarest denominations in American currency and one of the finest known examples of its issue. Graded PMG Choice Uncirculated 64 EPQ, no example of this Chicago issue has received a higher grade. Its coveted Exceptional Paper Quality designation further indicates that the note retains its original, unrestored paper—an exceptional distinction for currency of this age and denomination. \u003cbr\u003e\u003cbr\u003e Even rarer than the $10,000 note, relatively few $5,000 bills were ever held by the public due to their immense purchasing power. Five thousand dollars in 1934 was approximately ten times the average annual U.S. income. As a result, just 2,400 of these notes were issued, and nearly all were subsequently redeemed and destroyed by the Federal Reserve. The present example is the finest known survivor. \u003cbr\u003e\u003cbr\u003e Large-denomination currency first emerged in the United States in the late 18th century, with the first $500 note issued in North Carolina in 1780. They were generally issued during periods of war, including the War of 1812, the Civil War and World War I. The last series of high-denomination Federal Reserve Notes was printed in 1934, and the present example is part of this series, which was discontinued in 1945. Today, it is a highly coveted rarity that far exceeds its face value.","brand":"M.S. Rau","offers":[{"title":"Default Title","offer_id":45293032996999,"sku":"32-2960","price":398500.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0083\/2471\/0466\/files\/32-2960_1_96d8d745-5377-4282-ad83-bc3754144235.png?v=1784676073","url":"https:\/\/rauantiques.com\/products\/1934-5-000-federal-reserve-note-pmg-choice-uncirculated-64-epq","provider":"M.S. Rau","version":"1.0","type":"link"}