Lot 1372
1934 $10,000 Federal Reserve Note. CGA Gem Uncirculated 65. Fr-2231a. The $10,000 was the highest denomination issued by the United States government for general circulation. While most were redeemed when they were pulled from circulation many decades ago, a few hundred individual pieces have survived. In addition, a group of 100 examples was saved by the Binion's Horseshoe Casino in Las Vegas, in their famous "$1,000,000" display. Most high grade examples that survive today are either from the Binion's hoard, or are a result of sheer happenstance. This example, which is from the Boston district bank, was not included in the Binion's display. It is well centered, displays excellent margins, and has terrific overall eye appeal. While CGA has since disappeared from the grading scene since the emergence of the two major third-party grading services that dominate the market today (PCGS Currency and PMG), at the time this note was graded more than 17 years ago ago CGA was the only major grading service available. While the "market grading" primarily seen on CGA-graded notes has since fallen out of favor today, replaced by a more sensible combination of both eye appeal and technical grading, it was essentially the only option back then. This note appears very nice through the holder, and, no matter what it might grade today by one of the other services, it is plenty impressive as a high grade example of a popular note that will never cease to amaze non-collector friends who have never seen any issued note above the current zenith of $100 denominated Federal Reserve Notes. Estimated Value $125,000-UP
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| Realized $129,250 |
