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Stack’s Bowers US Paper Money – Chicago $5,000 Federal Reserve Note

By Aris MaragoudakisCurrency Specialist, Stack’s Bowers ……
Madison $5,000 Chicago federal Reserve Note, Extremely Fine 40. Images courtesy Stack's Bowers

Crossing the block this November at our Baltimore Official Auction of the Whitman Coin & Collectibles Winter Expo, will be Lot 10311, a $5,000 Federal Reserve Note. This gorgeous Madison $5,000 from the Chicago district is certified as Extremely Fine 40 Net Repaired and offers great appeal for the grade. The print run for this series date and district was only 6,600.

The offered banknote features the serial number G00000351A, a number new to census information.

Excellent margins and terrific centering will appeal to collectors. There are some corner folds seen on the top left and bottom right, along with some minor earthquaking. Other handling typical for the grade is also present. The repair is minor, but can be seen to the left of the top margin.

The face value of these banknotes cements their place in numismatic lore. The fact that they are still redeemable at face value makes for fascinating dialogue among both collectors and general observers. Bills of this denomination have not been produced in nearly 70 years, and we certainly cannot imagine the denomination ever being reintroduced. With both the 1928 and 1932 series combined, there are roughly 210 $5,000 notes known, and only a few collections will have the opportunity to own this majestic bill.

The Stack’s Bowers Galleries Official Auction of the Whitman Coin & Collectibles Winter Expo will be held November 2-4, 2016, at the Baltimore Convention Center in Baltimore, Maryland. We are currently accepting consignments to our 2017 auction events. If you are interested in consigning to an upcoming auction, or have a currency related question, please contact Currency Specialists Aris Maragoudakis at [email protected], Brad Ciociola at [email protected] or Director of Currency Auctions Peter Treglia at [email protected].

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