This is a 1934 Chicago $1,000 Federal Reserve Note.

Composition

DGS (blue-Green)

Grade

Very fine 30

Certification

PCGS

The 1934 series of $1,000 Federal Reserve Notes represents a fascinating intersection of American history and financial policy. These notes were issued during the aftermath of the Great Depression, a period of immense economic hardship and uncertainty. The purpose of these high-denomination bills was primarily for bank-to-bank transactions and large financial dealings, rather than everyday use by the general public. Featuring a portrait of President Grover Cleveland, these notes were printed with distinctive green ink and bore the signatures of the Secretary of the Treasury and the Treasurer of the United States. The Federal Reserve Act of 1913 established the Federal Reserve System and authorized the issuance of Federal Reserve Notes, which became the standard currency of the United States. Today, these notes are highly sought after by collectors due to their rarity, historical significance, and intrinsic value. (SERIAL NUMBERS MISPRINT)