PMG-graded Large Denomination Notes Expected to Top Stack's Bowers Sale in March

Posted on 3/6/2020

Two eye-popping Federal Reserve Notes date from the Depression era.

A $10,000 banknote certified by Paper Money Guaranty® (PMG®) is among the exciting rarities offered at a Stack's Bowers sale of US currency on March 20, 2020. The 1934 $10,000 Federal Reserve Note (Dallas) is graded PMG 63 Choice Uncirculated and has an estimate of $175,000 to $275,000.

1934 $10,000 Federal Reserve Note (Dallas) graded PMG 63 Choice Uncirculated.
Click image to enlarge.

It features a portrait of Salmon P. Chase, who was Treasury Secretary under President Lincoln from 1861 to 1864 before serving as the sixth Chief Justice of the United States for nearly a decade.

Another large-dominiation note is also expected to realize six figures. The 1934 $5,000 Federal Reserve Note (Dallas) graded PMG 63 Choice Uncirculated has an estimate of $150,000 to $250,000.

Large-denomination notes were typically used by banks and the government to carry out high-dollar transactions. Today, they are cherished by paper money collectors. In fact, Stack's Bowers is offering another PMG-certified 1934 $10,000 Federal Reserve Note (Dallas) in a separate sale on March 19 as part of the D. Brent Pogue Collection. (To learn more about that sale, click here.)

In all, 18 of the top 20 notes in the March 20 sale are certified by PMG, whose expert services are backed by the comprehensive PMG Guarantee of grade and authenticity. Additional highlights include:

To explore the entire auction, visit

All estimates are provided by the auction house.

If you’d like to see more articles about paper money, sign up for free to become a member of the PMG Collectors Society and then select your email preferences.

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