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.”

Keep reading about paper money:

Can you believe it, there's a Manduca sexta right at the top of a Georgia obsolete note!

Feb. 14 auction to offer Canadian paper money at Downtown Toronto Hilton Hotel

Carnival scene appears on newly released Trinidad and Tobago $50 polymer notes

More from CoinWorld.com:

1792 Birch cent another coin to top $2 million at Heritage FUN auctions

Pawn Stars' Rick Harrison spotted at Heritage's FUN Platinum Night auction

2 coins topped the $2 million mark at Heritage's Platinum Night FUN auction

Q. David Bowers: A few things for collectors to think about when making 2015 New Year's resolutions

American Eagle gold bullion sales in 2014 were the lowest in 7 years

Keep up with all of CoinWorld.com's news and insights by signing up for our free eNewsletters, liking us on Facebook, and following us on Twitter. We're also on Instagram!