How Much Is a 1934 or 1928 $5,000 Bill Worth?

The five thousand dollar bill featuring a portrait of James Madison was printed for the 1928 and 1934 series. These notes are scarce and it is currently thought that there are no more than 342 that have escaped destruction by the Bureau of Engraving and Printing.

1928 $5,000 bills were printed for all but three Federal Reserve districts.  The Philadelphia, St. Louis, and Minneapolis banks did not issue 1928 five thousand dollar bills.  1928 5,000 dollar bills are scarcer than 1934s.  Right now there are just under two dozen 1928 $5,000 bills known to exist; these come from five of the nine districts.  The 1928 series does carry a small premium over other five thousand dollar bills from 1934.

 

 

1934 $5,000 bills were printed for all twelve Federal Reserves banks except for Minneapolis.  There were just over 51,000 1934 $5,000 Federal Reserve notes printed.  We currently know that around one hundred of those have not been redeemed.  As with most high denomination notes, those that have survived tend to be mostly available in about uncirculated grades or higher.

$5,000 Bill Star Notes:  Star notes were not printed for five thousand dollar bills in 1928 or 1934.

Gold Certificates:  1928 $5,000 gold certificates were printed and released.  The serial number one example is in the Smithsonian and it is certainly possible that others exist.  Needless to say, when a 1928 $5,000 gold certificate is found, it will be quite valuable.

Value:  Five thousand dollar Federal Reserve notes are available at auction several times a year and most dealers have access to them as needed.  Even a 1934 $5,000 bill in a heavily circulated grade would be worth $30,000 and prices go up from there depending on condition, district, and serial number.

We are aggressive buyers of 1928 and 1934 $5,000 bills and would certainly like to hear about yours.  You can call us (864-430-4020) or email us (admin@oldcurrencyvalues.com) for an appraisal and/or our best price.