Anyone seen a $5,000 note?
Jordanson
Posts: 4 ✭
2
Jordanson
Posts: 4 ✭
Jordanson
Posts: 4 ✭
Comments
Only in pictures.
There was also a $10,000 note and a $100,000 note printed
but the $100, 000 note was not for public use.
Yes, many times.
I’ve seen them at shows where the BEP has a display set up.
That one’s a perfect candidate for Nancy Poli Restoration.
I thought the American museum of finance that used to exist right by the NYSE had both a $10k and $5k on display.
As far as $10k’s go, I’m not sure anything will come close to the Binion’s display that was in downtown Vegas up until 25 years ago.
Here's another very rare $5000:
Those Phenix Bank notes are very impressive, Russell! Why would a bank need such high denominations, especially in that era?
Good question and I could only guess as to the answer.
Some banks did engage in transactions above these amounts. I've seen checks for these amounts and more on a somewhat regular basis, so transactions in these amounts DID occur with some regularity and occasionally currency was used. Good evidence of this can be seen in the denominations issued by the Bank of the U.S., which also went up to a printed $5,000 denomination and the War of 1812 notes which went up to $10,000.
Serial numbers on the BUS and 1812 notes run quite high but, generally, bank issued larger denominations aren't higher than three numbers. It seems private banks issued few of these high denominations while the larger BUS and 1812 issues (totaling in the millions of dollars).
Freind of mine(since passed) had one a few years back. He had bought a Binion 10k note from J cash for about 90k at the Baltimore show. About 9 months later cash called him back and offered to repurchase it for a strong profit, he sold it, but then made the mistake of buying a 5k note with an issue for 113k (he didnt ask me on this one) of course 5k lot scarcer, but torn I told him he need to trade up even if it meant spending like 130k (money not an issue with this guy) He was never able to get out of it, I even tried using GC for him, but the notation was the $ killer. After he passed his family was able to work at selling back to the dealer it came from for a few bucks more, since the market had improved.
Inter-bank transactions. Only bank employees (or the occasional business manager) saw these. A "regular Joe" on the street would never see a $100 note (let alone a $1000 or multiples of thousands) back then. A $20 or $50 was considered a lot of cash back then.
**https://sites.google.com/view/notaphilycculture/collecting-banknotes **
Cool low serial numbers too!
Most VLD notes (very large denomination) have low serial numbers because very few are printed. The largest note I have ever seen in hand was a $1,000 note.
+1 Totally agree.
It amazes me any time I see a seller comment on the low # of a large scarce denomination & consider that a red herring comment (something to distract the buyer from examining the condition of the note/to overlook the graffiti)... which in effect becomes a red flag for me. Kind of like when a seller states its "mint" or a broken ladder or some other nonsensical/non helpful comment.
**https://sites.google.com/view/notaphilycculture/collecting-banknotes **
I just saw one a week ago at the money exhibit at the Philadelphia Federal Reserve. Anyone can walk in off the street and see it. I highly recommend.
Some other high value notes too:
@KSorbo , where were the above notes on display ?
Guy I know was in a pawn shop in eastern ten two weeks ago and called me about a 5k note for sale in there for 15k, it was a vf, but had a few minor pen notes on it, but decent. I said man you better get it, thats a steal at that price, went back into get it, and somebody else snagged it.
Wow, someone was probably rolling over in their grave when that got sold to the pawn shop.
At the Fed in downtown Philly. It’s a free exhibit.
Who doesn't like seeing an issued $100,000 note with a real serial number?
Not only that, it is a rather large serial number, for that kind of note!
love the notes,
How is there a serial No. 0?
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
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End Systemic Elitism - It Takes All Of Us
I was wondering the same thing, for that one as well as the $10,000 with the zeros between two stars. Some type of proof or specimen perhaps?
I guess.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
It sure is nice to see one. Is there a reverse pic?
Umm, that looks like a 1934 b to me, I hope 😳