*Highlight* 1934A President Grover Cleveland $1000 Green Seal Federal Reserve Note Chicago, IL Grades xf FR-2212G ...

*Highlight* 1934A President Grover Cleveland $1000 Green Seal Federal Reserve Note Chicago, IL Grades xf FR-2212G (fc). Today it seems that $100 bills disappear from our wallets as fast as $20 bills used to. But back in 1934, $500 and $1,000 bills were the largest denomination Federal Reserve Notes in circulation. They were used primarily for bank-to-bank transactions, so ordinary folks never saw them, and, even if they had, they couldn't save them. So, when they were withdrawn from circulation years ago, most were destroyed, making them very hard to find today.The $500 Note features William McKinley, and the $1,000 Note shows Grover Cleveland. Series 1934 legal-tender Federal Reserve Notes The 1934 Series saw each of the notes in the $500, $1,000, $5,000, and $10,000 denominations redesigned. The reverse of each note was changed to include simple markings of the face value. While the $5,000 and $10,000 notes retained the images of James Madison and Salmon P. Chase, respectively, on the obverse, the $500 note dropped the image of John Marshall for that of President William McKinley and these $1,000 notes dropped Alexander Hamilton’s effigy for that of President Grover Cleveland.For the obverse design of 1934 $1000 Federal Reserve Notes, the bill features a portrait of President Grover Cleveland in right-profile relief. While this design was new to the 1934 Series $1000 note, it was not new to Federal Reserve Notes on the whole. This same portrait had previously featured on the $20 Federal Reserve Note from 1914 to 1928.On the reverse side of 1934 $1000 Federal Reserve Notes is a simple field with the printed notations of the face value of the bill. These $1000 bills were restricted to bank-to-bank transactions and money transfers between the federal government and banks. When the $1000 Federal Reserve Note was first released, the average American household had an annual income of just over $1,500. In 1934, you could take a two-month European cruise for a $500 bill and get $5 back in change-but it cost $720 to fly round trip across the Atlantic on the Zeppelin Hindenburg!