High denomination notes are fun to collect and always impressive for non-collectors to view. The spectacle of holding a relatively common 1934 1000 Federal Reserve Note is enough to impress anyone at a party or backyard barbeque (make sure you wash the bbq sauce off your hands first or else that extremely-fine $1000 will turn into a hapless very-good lickety-split). If it wasn’t for Nixon ;), these notes would still be in circulation. His 1969 executive order started the recall of all notes above $100 for immediate shredding due to concerns they were facilitating organized crime (hope the irony of that exec order isn’t lost on anyone 🙂 ). Be assured, the notes are still legal to collect and own, and all are worth face value at minimum.
So what type of $1000’s make even the most hardcore collector giddy? Well, you’ll have to move to the series of 1928 to get yourself in the “Rare $1000 Ballpark”. A Gem Unc note from one of the uncommon Federal Reserve Banks will set you back between $6,000 – $8,000, making 1934 $1000 notes look derelict with more modest asking prices of $2,500 – $4,000 for well preserved specimens.
If you’d like to upgrade to box seats opposed to the grandstands (and who wouldn’t) your focus on rare 1928 $1000 notes will shift to the Federal Reserve Bank of Boston, with just a handful of notes available to the collecting fraternity. These notes are particularly valuable when well preserved. At present, a 1928 $1000 Boston note is going for $33,000 at PaperMoneyAuction, offered by high denom specialist Marc Michealsen of HighDenomination.com. Have a look below, the note is an amazing sight!
But what about sitting in the sky boxes, where you have your own personal bar, waiter, and limitless amounts of food? If you insist on stepping up your lust for 1928 $1000’s from the rare Boston district to the ultra-rare 1928 $1000 star note, be prepared to spend a ton of cash!
The last Fr. 2210* auctioned by Heritage Auctions hammered at a staggering $51,750 on January 6, 2006. That’s one of the last times we’ve seen these extraordinarily rare notes in public, save any private sales brokered by the hobby’s top dealers. Jhon E. Cash, a well known high denomination specialist and leading dealer of ultra-high denomination notes has listed maybe 1 or 2 1928 stars in inventory in recent memory. Likewise, other dealers including Michaelsen of High Denomination, David Manley of The Currency House, and K D Currency have only had scant public contact with these notes. Our guess is they are all well aware of who has a taste for “the caviar of $1000 bills” and such dealings go on behind closed doors.
To put it another way, if you find one these stashed away inside Grandpa’s Bible, throw your Lincoln Town Car in the trash and put a down payment on a brand-new Maserati! Or, treat your bratty kid to a couple years of college education for FREE!
We’ll keep our eyes out for any 1928 $1000 stars that show up in our databases. Chances are, they will never get there because demand is high and prices are increasing for the hobby’s well known rarities. Maybe if you hit the next record setting Powerball Jackpot you can lay claim to one of these high-powered high-denominations!
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