High-denomination Federal Reserve Notes Certified by PMG Highlight Heritage Sale

Several high-denomination Federal Reserve Notes and an exceptionally rare National Bank Note are among more than 1,200 PMG-certified lots being offered in an upcoming Heritage Auctions sale. Online bidding is already underway for the CSNS US Currency Signature Auction, which is being held April 29-May 2, 2025.

Leading the PMG-certified notes in the sale is a 1928 $5,000 Federal Reserve Note (Boston) graded PMG 58 Choice About Uncirculated (lot 21753), which has an estimate of at least $350,000. It is the finer of the two PMG-certified examples of its catalog number listed in the PMG Population Report. The auction also includes seven other PMG-certified $5,000 and $10,000 notes from the 1928 and 1934 Series, which represent the highest denominations ever printed for Small-Size Federal Reserve Notes, the paper money used widely in everyday transactions today.

Click images to enlarge.

Meanwhile, a Cincinnati, Ohio 1875 $100 National Bank Note graded PMG 55 About Uncirculated (lot 20505) has an estimate of at least $125,000. Of the three PMG-certified examples of this particular catalog number in the PMG Population Report, this is the highest-graded example. It was printed by the short-lived Metropolitan National Bank of Cincinnati, which issued First Charter notes during its brief existence from 1881 to 1888.

Click images to enlarge.

Other PMG-certified banknotes in the auction include:

• a 1928 $5,000 Federal Reserve Note (Atlanta) graded PMG 45 Choice Extremely Fine (lot 21755), which has an estimate of at least $350,000
• a 1934 $10,000 Federal Reserve Note (Boston) graded PMG 64 Choice Uncirculated EPQ (lot 21758), which has an estimate of at least $300,000
• a 1934 $5,000 Federal Reserve Note (Richmond) graded PMG 63 Choice Uncirculated (lot 21756), which has an estimate of at least $250,000
• a 1934 $10,000 Federal Reserve Note (Atlanta) graded PMG 30 Very Fine (lot 21759), which has an estimate of at least $250,000)
• a San Francisco, First National Gold Bank 1870 $50 graded PMG 12 Fine (lot 20201), which has an estimate of at least $200,000
• a 1934 $10,000 Federal Reserve Note (St. Louis) graded PMG 40 Extremely Fine (lot 21760), which has an estimate of at least $200,000
• a 1928 $5,000 Federal Reserve Note (Cleveland) graded PMG 25 Very Fine (lot 21754), which has an estimate of at least $175,000
• an 1880 $1,000 Legal Tender graded PMG 30 Very Fine NET (lot 21547), which has an estimate of at least $175,000
• a 1934 $5,000 Federal Reserve Note (Richmond) graded PMG 25 Very Fine (lot 21757), which has an estimate of at least $130,000
• an 1862 $100 Legal Tender Note graded PMG 20 Very Fine (lot 21543), which has an estimate of at least $90,000
• an 1880 $100 Legal Tender Note graded PMG 64 Choice Uncirculated (lot 21544), which has an estimate of at least $80,000
• a Minneapolis, Minnesota $5 National Bank Note graded PMG 15 Choice Fine (lot 20354), which has an estimate of at least $80,000

All estimates are provided by the auction house.