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History of small size high denomination notes

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This page was created to help answer the many emails I receive from ebay members and my website requesting the information shown below. I would be happy to answer any other question you may have.

All small size $500, $1,000, $5,000 and $10,000 notes were printed only in the 1928, 1934, 1934 A, 1934 B, or 1934 C series. Although all these High Denomination notes are rare, the 34 B and 34 C series are extremely rare with none having been seen. The 1928 series were "Redeemable in Gold on demand." The 1934 A, B and C series were the last High Denomination notes printed in 1945. On July 14, 1969 the Department of the Treasury and the Federal Reserve system announced that due to lack of use, the High Denomination notes would be discontinued immediately. All High Denomination notes that are turned into banks are forwarded to the Federal Reserve and destroyed.

 

We receive several emails asking "who is in the portraits on the High Denomination notes?" We also get asked how many of these notes were printed. Below you will find the answers to both questions. Keep in mind that only a fraction of the notes printed are still in existence.

 

Portraits on High Denomination Notes:


William McKinley (25th President) is on the $500
Grover Cleveland (22nd and 24th President) is on the $1,000
James Madison (4th President) is on the $5,000
Salmon Chase (Treasury Secretary under Lincoln) is on the $10,000

 

$500

1928
1934
1934 A
1934 B
1934 C

Boston

64,120
56,628
0
0
1,440

New York

299,400
288,000
276,000
0
204
Philadelphia
135,120
31,200
45,300
0
0
Cleveland
166,440
39,000
28,800
0
0
Richmond
84,720
40,800
36,000
0
0
Atlanta
69,360
46,200
included
2,472
0
Chicago
573,600
212,400
214,800
0
0
St. Louis
66,180
24,000
57,600
0
0
Minneapolis
34,680
24,000
14,400
0
0
Kansas City
510,720
40,800
55,200
0
0
Dallas
70,560
31,200
34,800
0
0
San Francisco
64,080
83,400
93,000
0
0

 

$1,000

  1928 1934 1934 A 1934 C
Boston
58,320
46,200
30,000
1200
New York
139,200
322,784
174,348
168
Philadelphia
96,708
33,000
78,000
0
Cleveland
79,680
35,400
28,800
0
Richmond
66,840
19,560
16,800
0
Atlanta
47,400
67,800
80,964
0
Chicago
355,800
167,040
134,400
0
St. Louis
60,000
22,400
39,600
0
Minneapolis
26,640
12,000
4,800
0
Kansas City
62,172
51,840
21,600
0
Dallas
42,960
46,800
0
0
San Francisco
67,920
90,600
36,600
0

 

$5,000

  1928 1934 1934 A 1934 B

Boston

1,320
9,480
0
1,200

New York

2,640
11,520
0
12
Philadelphia
0
3,000
0
0
Cleveland
3,000
1,680
0
0
Richmond
3,984
2,400
0
0
Atlanta
1,440
3,600
0
0
Chicago
3,480
6,600
0
0
St. Louis
0
2,400
1,440
0
Minneapolis
0
0
0
0
Kansas City
720
2,400
0
0
Dallas
360
2,400
0
0
San Francisco
1,300
6,000
0
0

 

$10,000

  1928 1934 1934 A 1934 B
Boston
1,320
9,720
0
0
New York
4,680
11,520
0
24
Philadelphia
0
6,000
0
0
Cleveland
960
1,480
0
0
Richmond
3,024
1,200
0
0
Atlanta
1,440
2,400
0
0
Chicago
1,800
3,840
1,560
0
St. Louis
480
2,040
0
0
Minneapolis
480
0
0
0
Kansas City
480
1,200
0
0
Dallas
360
1,200
0
0
San Francisco
1,824
3,600
0
0
 
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