1934-B $1000 One Thousand Dollar U.S. Federal Reserve Note

Federal Reserve, Bank of New York

  • Lot number 8603514
  • Total views 2526
  • Total watched 61
  • Total bids 36
  • Winning bid $3,675.00
  • Buyer's premium $624.75
  • Total $4,299.75

Please see the photos for more details on the condition of the bill.

Beginning in 1928, a Small Size Federal Reserve Note in the $1,000 denomination was first printed. The 1928 series saw a great deal of use and surviving specimens are more expensive than the 1934-dated versions.

The 1928 Small Size Federal Reserve Notes and the 1934 series are exactly the same, except for the date on the front of the note. Cleveland faces right on the front and an ornate inscription of “THE UNITED STATES OF AMERICA – ONE THOUSAND DOLLARS” dominates the back of the note.

In 1969, due to a lack of interest, the Federal Reserve began redeeming the $1,000 bills that remained in inventory in the banking system. While millions of these notes were printed beginning in 1861, only 165,372 $1,000 bills remained unredeemed by 2009. That number does not take into account the notes that may have been lost or destroyed – it is just a total of the number of $1,000 bills that have not been redeemed.

These 1934 dated 1000 dollar bills were printed by the Bureau of Engraving and Printing until December 27, 1945. They were officially discontinued on July 14, 1969 and the official US government response to that action was “they were discontinued due to a lack of interest.” That was certainly not the case.

Due to the uniqueness of each item, please refer to the photos provided in this auction. We offer high resolution images of each item rather than a written description of condition.

This item is being shipped from the Pristine Auction warehouse.