Series 1934 $1,000 Federal Reserve note sells in December Heritage Internet auction

High-denomination note has faded back
By , Coin World
Published : 01/11/15
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A bidder paid a bit more than $1,000 to win the lot featuring a Series 1934 $1,000 Federal Reserve note in a Dec. 23, 2014, Internet Paper Money Auction by Heritage Auctions.

The note, which sold for $1,292.50, brought the highest price realized in the sale.

It was graded PCGS Currency Very Fine 20 Apparent for its appearance, “washed; back faded and discolored,” according to the grading service label on the holder. Though the back design is very faint, the note is still a high-denomination piece, which is always attractive to collectors.

Taking second place in the prices realized was a uniface 1861 $20 Confederate States of America note featuring a portrait of Alexander Stephens, front and center, in the design. The note sold for $528.75.

The note was graded PCGS Currency Very Fine 20. According to the catalog description, the note is “a scarcer Confederate type note” and “very well margined with superb color and boldly executed signatures.”

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