$5,000 Federal Reserve Note Realizes $144,000 in Auction
Serious collectors vied for the opportunity to own one of the rarest high denomination notes ever issued in the United States.
A rare high-denomination Federal Reserve Note that realized six figures was among more than 600 U.S. bank notes offered in a recent Stack's Bowers Galleries auction. The Stack's Bowers sessions included Session 6 - U.S. Currency Part 1 on March 27 and Session 10 - U.S. Currency Part 2 on March 28, 2024.
A top lot was a 1934 $5,000 Federal Reserve Note (Chicago) graded PMG 35 Choice Very Fine (Part 2, lot 21376), which realized $144,000. Serious collectors vied for the opportunity to own one of the rarest high denomination notes ever issued in the United States. The fourth US president and "Father of the Constitution," James Madison, is prominently featured in a portrait that adorns the front of the note. The PMG Population Report contains only 43 examples of this particular catalog number, making up about a third of the 126 total examples of $5,000 Small Size Federal Reserve Notes listed there.
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