PMG-certified Large-Denomination US Notes Offered by GreatCollections
Posted on 8/2/2022
GreatCollections is offering two large-denomination US Federal Reserve Notes certified by Papery Money Guaranty® (PMG®), each from the Wimbledon Collection of US Paper Money. Bidding for each had already exceeded $25,000 and was likely to go much higher before bidding ends on August 14, 2022.
One of the notes is a 1934 $10,000 Federal Reserve Note (New York) graded PMG 61 Uncirculated, an example of the United States’ highest legal denomination to ever circulate. The portrait is of Salmon P. Chase, the 25th US Secretary of the Treasury and the 6th Chief Justice of the United States. Notes of this eagerly sought denomination are a star in whatever auction they appear.
Also offered is a 1928 $5,000 Federal Reserve Note (Chicago) graded PMG 55 About Uncirculated. This note features James Madison, 4th President of the United States. The PMG Population Report lists only six examples; this one has a low serial number, which collectors covet.
Small Size Federal Reserve Notes were first released with the 1928 Series in denominations of $5, $10, $20, $50, $100, $500, $1,000, $5,000 and $10,000. They were followed by the 1934 Series, which was the last for large-denomination notes: $500 through $10,000.