1934 U.S. $5,000 Federal Reserve Note CU 63

  • This 1934 $5,000 Federal Reserve note is one of the very few of its kind still known to exist
  • First officially printed during the Civil War, this bill was officially discontinued in 1969
  • Today, high-denomination currency such as this is highly collectible
  • Get complete item description here
Price available upon request Item No. 31-3341

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This 1934 $5,000 Federal Reserve note is one of the very few of its kind still known to exist. Along with the $10,000 note, the $5,000 note is the largest ever printed in the United States. Only a scant few of these bills were ever held by the public due to their immense purchasing power – $5,000 in 1934 was approximately ten times the average national annual income. As a result, just 2,400 of these notes were issued, and nearly all of these were subsequently redeemed and destroyed by the reserve. The present example is one of the finest survivors.

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 generally emerged during wartime, with large notes being issued during the War of 1812, the Civil War and World War I. The last series of high-denomination Federal Reserve notes were printed in 1934; the present example is a part of this series, which was discontinued in 1945. Today, it is a highly coveted and exceptionally rare collector’s item that far exceeds its face value.
1934 U.S. $5,000 Federal Reserve Note CU 63
Period: 20th Century
Origin: America
Type: Paper Money

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