Goldberg Coins and Collectibles

Sale 81

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Lot 1226

1934, $10,000 Federal Reserve Note. PCGS Choice About New 55PPQ. Fr-2231-G. Most of the known high grade $10,000s that exist today in collectors' hands are from the Binion's Hoard, a group of 100 notes that are famous for having once been on display at the Las Vegas Horseshoe Casino. As a general rule, most high grade $10,000s (and indeed nearly all of the Binion's notes) have been pressed, repaired, or otherwise "enhanced" in some manner. This example from the Chicago district, which is not from the Binion's hoard, is a pleasant exception to that rule. It is amazingly "fresh" and original, with bold embossing, terrific paper quality, and outstanding eye appeal. A minor bend or two prevent a higher technical grade, but the overall aesthetic appearance of the note is as nice as any we've seen.

Since most of these high denomination notes have suffered from the above-mentioned lack of originality, finding original examples with no problems is indeed a notable exception. PCGS Currency has, to date, graded a total of exactly 100 1934 series $10,000s from all districts; only 10 of those notes, including this piece, have been assigned the PPQ designation for "premium paper quality." While higher grade pieces have been graded by both of the major grading services (two finer by PCGS Currency, and six finer by PMG), not many match this $10,000 in terms of originality and eye appeal.
Estimated Value $80,000 - 100,000.

Realized $117,500

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