A highly anticipated auction of over 200 U.S. banknotes is currently underway at the World Banknote Auctions U.S. Currency Sale 1, commencing on Feb. 24, 2023.
Among the notable offerings in this auction, a $5,000 Federal Reserve Note from 1934 (Dallas) takes center stage.
Graded PMG 64 Choice Uncirculated (lot 1164), this rare note carries an estimated value ranging from $200,000 to $300,000.
These high-denomination notes, although primarily utilized for interbank transactions, share the same physical dimensions as modern paper currency found in wallets today.
According to the auction house, only 28 $5,000 notes from Dallas are known to exist, with the PMG Population Report documenting just 19 examples of this note, of which only five are graded higher.
Additionally, the auction boasts a group of twelve $10 Federal Reserve Notes with Solid-9 Serial Numbers (lot 1146), adding further intrigue to the event.
Several other noteworthy items up for auction include:
An 1869 $5 Legal Tender Note, graded PMG 64 Choice Uncirculated EPQ (lot 1074), estimated at $6,000 to $8,000.
An 1890 $5 Treasury Note, graded PMG 63 Choice Uncirculated (lot 1090), with an estimate of $4,000 to $6,000.
A 1928E $1 Silver Certificate, graded PMG 25 Very Fine (lot 1109), expected to fetch between $8,000 to $12,000.
A 1928 $1 Legal Tender Note, graded PMG 30 Very Fine (lot 1100), estimated at $6,000 to $8,000.
A 1928 $500 Federal Reserve Note (Atlanta), graded PMG 58 Choice About Uncirculated (lot 1161), with an estimate of $3,000 to $5,000.
A 1934 $1,000 Federal Reserve Note (Kansas City), graded PMG 58 Choice About Uncirculated (lot 1163), anticipated to sell for $5,000 to $6,000.
A 1981 $1 Federal Reserve Note (St. Louis) featuring a Doubled Print Error, graded PMG 35 Choice Very Fine (lot 1185), valued at $3,000 to $5,000.
A 1977 $10 Federal Reserve Note (Chicago) with a Doubled Print Error, graded PMG 58 Choice About Uncirculated EPQ (lot 1186).
A 2009 $1 Federal Reserve Note (Atlanta) with Serial Number 1, graded PMG 50 About Uncirculated EPQ (lot 1128), estimated at $4,000 to $6,000.
A 2017A $100 Federal Reserve Note (New York), graded PMG 70★ Gem Uncirculated EPQ (lot 1160), with an estimate of $3,000 to $5,000.
As collectors and enthusiasts eagerly participate in the auction, each item represents a unique piece of American monetary history, offering both investment potential and historical significance to discerning buyers.