Fr. 2211-Dlgs. 1934 $1000 Federal Reserve Note. Cleveland. PMG Gem Uncirculated 65 EPQ. The print run of 1934 $1000 Federal Reserve Notes for all 12 districts totaled about one million notes, the majority of which were of the Dark Green Seal variety. Light Green Seal $1000s comprised only a tiny fraction of the total printing, & today 1934 Gem Light Green Seal $1000s are great rarities. Population data from the two currency grading services confirms just how rare Gem 1934 LGS $1000s are, as PCGS & PMG over the last decade & a half have graded only 32 Gem 1934 LGS 1000s. Three districts - New York, Philadelphia & Kansas City - are so rare they have no Gems at all. Boston accounts for a third of all 1934 LGS $1000 Gems with 11 Gems known, followed by Atlanta with 5, San Francisco with 4 & Minneapolis with 3. Richmond, Chicago, St Louis, & Dallas districts have just 2 gems each, while the rarest district is Cleveland with only 1 gem graded, & it is the very note in our auction tonight! Strikingly original & brimming with eye appeal, our 1934 Gem Cleveland LGS $1000 ticks every box for even the most fastidious buyer & is simply gorgeous! In an April 2015 auction, a Finest Known 2211-E $1000 LGS Gem fetched $47,000, establishing a new record for small size thousands. In our August 2018 ANA Sale, a Finest Known 2211-I $1000 LGS gem realized $57,600, topping the former record set in 2015. We expect a mid five-figure realization tonight & would not be surprised if yet another record realization was achieved.
