The 1934 Series of Federal Reserve Notes saw the four largest denominations redesigned by the Federal Reserve. In the case of these particular notes, the reverse fields were simplified as the notes were not issued in circulation. A simple design of the denomination was issued on the reverse of these notes, with new portraits on the obverse of the $500 and $1000 notes. Right now, 1934 $1000 Federal Reserve Notes are available to purchase online at Silver.com in AU50+ condition.
- Ships to you in a plastic currency sleeve!
- Final redesign of $1000 Federal Reserve Notes!
- Availability of certified notes is limited!
- Bears a face value of $1000 (USD) backed by the federal government.
- Issued a Grade of About Uncirculated 50+ by the PMG.
- The obverse features President Grover Cleveland.
- On the reverse is the denomination of the note.
- Please keep in mind that you may receive notes with grades between AU 50 and 59.
Each 1934 $1000 Federal Reserve Note available here comes to you with its own plastic currency sleeve and has been graded AU50+ by the PMG. Notes in this condition have significant signs of handling, but very few heavy fold lines. Most notes in this grade range have only two heavy fold lines or several lighter horizontal and vertical fold lines.
The 1934 Series saw each of the notes in the $500, $1,000, $5,000, and $10,000 denominations redesigned. The reverse of each note was changed to include simple markings of the face value. While the $5,000 and $10,000 notes retained the images of James Madison and Salmon P. Chase, respectively, on the obverse, the $500 note dropped the image of John Marshall for that of President William McKinley and these $1,000 notes dropped Alexander Hamilton’s effigy for that of President Grover Cleveland.
For the obverse design of 1934 $1000 Federal Reserve Notes, the bill features a portrait of President Grover Cleveland in right-profile relief. While this design was new to the 1934 Series $1000 note, it was not new to Federal Reserve Notes on the whole. This same portrait had previously featured on the $20 Federal Reserve Note from 1914 to 1928.
On the reverse side of 1934 $1000 Federal Reserve Notes is a simple field with the printed notations of the face value of the bill. These $1000 bills were restricted to bank-to-bank transactions and money transfers between the federal government and banks. When the $1000 Federal Reserve Note was first released, the average American household had an annual income of just over $1,500.
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