In 1918, the Federal Reserve introduced the second range of Federal Reserve Notes following the 1914 release. The notes issued in 1918 were larger denominations of $500, $1,000, $5,000, and $10,000 and were designed for transactions from bank to bank and from the government to banks. Most of these notes were destroyed starting in the 1960s, which makes the remaining notes very collectible. Now, 1934 $1000 Federal Reserve Notes are available to you for purchase online from Silver.com in certified condition.
Note Highlights:
- Note ships to you inside a protective currency sleeve!
- Issued in the final design release of $1000 Federal Reserve Notes!
- Availability of certified notes is limited!
- Issued a face value of $1000 (USD) by the United States.
- Bears a Grade of Very Fine 30 by the PMG.
- The obverse features a portrait of President Grover Cleveland.
- On the reverse side of the note is the denomination.
The 1914 Federal Reserve Note Series marked the introduction of the familiar $5, $10, $20, $50, and $100 notes still in use today. Though some of the design features have changed, the notes remain largely the same today. In the 1918 Federal Reserve Note Series, larger denominations that most Americans would never see in public were introduced.
These larger denominations were not intended for use by Americans in everyday transactions. In 1918 when the notes were introduced, the average American household had an annual income of just over $1,500. These notes were issued for use in bank-to-bank transactions. This helped facilitate transfers of large sums of money between banks.
The obverse side of 1934 $1000 Federal Reserve Notes features a portrait of President Grover Cleveland. President Cleveland had previously featured on the 1914 Series $20 Federal Reserve Note, though he was later replaced in 1929 on that note by President Andrew Jackson. President Cleveland came to the 1934 $1000 Note in place of the previous depiction of Alexander Hamilton.
On the reverse face of 1934 $1000 Federal Reserve Notes is a simple design concept that offers only the denomination of the note. The 1934 redesign removed a more ornate portrait of the American bald eagle in favor of this clean field with markings of the face value.
These 1934 $1000 Federal Reserve Notes are Very Fine 30 specimens according to the PMG. Each one comes with its own protective currency sleeve. Notes in this condition have light signs of circulation and soiling. The average note of this grade has between 7 and 10 fold lines.
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