High Denoms

In the world of notes, there are two types of high denomination notes. First we will address the “Gold Certificates” notes. These series of notes were printed over a specific period of time. The small size Gold Certificates were established and then printed for three different Series beginning with 1928, then 1928A and ending with the 1934. Although the 1928 Series was the only regularly issued Gold Certificates, which in fact were actually printed in 1929 and were in use from 1929 to 1933. The denominations of the 1928 Gold Certificates issued were: $10, $20, $50, $100, $500, $1000, $5000 and $10,000. The backs of the series 1928 notes were green, and identical to the corresponding denomination of the more familiar Federal Reserve Notes. They included the usual buildings and design of the $10 through $100, along with the less known abstract designs of denominations of $500 and above. It was in the 1934 issue, the promise to pay was amended with the phrase “as authorized by law”, because now the redemption was restricted to only certain entities. The phrase “in gold coin” was removed because the physical amount of gold represented was changing with varying government pricing. Woods and Mellon were the signature combinations on these notes, and the seals and serial numbers were printed in a very distinctive gold ink that actual took on an orange-yellow appearance.

The 1928, 1934 and 1934A were all printed as $500 and $1000 Federal Reserve Notes along with $5000 and $10,000 were printed for the Series 1928 and 1934.

There were twelve issuing districts for series 1928, 1934 and 1934A for the $500s and $1000s denominations except for the following: There were no 1934A Boston $500 Federal Reserve Notes and no 1934A Dallas $1000 Federal Reserve Notes issued. Because of this, a complete District Set of $500s would consist of 35 notes. The same is true for the $1000s. Completing these District Sets has become a very popular form of collecting. When establishing your desired collection level’s, always consider various factors such as, print quantities for each district and total survival rates. These factors which include high or low rarity rates play into your overall cost and future collect ability of your notes for your portfolio. Spend some personal time researching what you are looking for and then ask an expert. We are here to assist you with your next note(s) purchase and are proud to serve you.