This $1,000 Federal Reserve Note is from the 1934-A series issued by the Boston district, one of the key districts in the series due to lower number of notes printed. This particular note has the PPQ (Premium Paper Quality) designation.
- Highest denomination used in circulation.
- Sealed in an inert mylar currency holder certified by PCGS.
- Graded Crisp Uncirculated-64 PPQ (Premium Paper Quality) by PCGS.
- 30,000 notes printed.
- Signatures: Julian/Morgenthau. Friedberg #2212-A.
- Face: Features the portrait of President Grover Cleveland.
- Back: Displays the denomination.
Federal Reserve Notes are a great part of history that can easily be added to any collection. Add these great conversation pieces to your cart today!
PPQ stands for premium paper quality. This is the graders way of saying that the note is completely choice and original with no problematic condition issues like rust, stains, pinholes, etc. In theory PPQ could be found on any grade from 1 to 70. PMG has a similar qualifier. It is called EPQ, which stands for exceptional paper quality. PMG only uses the EPQ qualifier for grades 30 to 70. And notes graded 65 and higher have to have EPQ to get the designation.
Small size $1000 Federal Reserve Notes were printed for three different Series. 1928, 1934 and 1934-A. There are a total of 35 different Series/District combinations of Federal Reserve Notes available. That is 12 different districts from all three Series with the exception of Series 1934A Dallas $1,000s where none were printed.
Although they are still technically legal tender in the United States, high-denomination bills were last printed on December 27, 1945, and officially discontinued on July 14, 1969, by the Federal Reserve System, supposedly due to "lack of use".