At nearly full Extremely Fine, the grade on this note is of great importance as these $1000 Federal Reserve Notes become rare at that level. Fully original paper is seen throughout the note, with PCGS Currency applying the coveted Premium Paper Quality, or "PPQ," designation. For the San Francisco district this L11805A numbered note is the sole finest graded by both PMG and PCGS Currency with the "PPQ," moniker. Excellent centering on both the face and back add desirability add even more collector appeal to this important offering. Today in numismatics there is a very strong interest in collecting high denomination notes. Recently Dave Bowers of our staff was a guest of the Treasury Department and visited the San Francisco Federal Reserve Bank where this particular note was issued. On display were high denomination notes, including $5000 and $10,000 denominations. Today most high denomination notes, which begin at $500 and climb to include $1000, $5000, and $10,000 are in the small size format. Large size notes such as the beautiful bill offered here are very seldom seen. , Est. $30,000-$40,000