Small Size-$5,000 and $10,000 FRN Notes

Small size $5,000 and $10,000 FRNs were first issued in 1928 and again in 1934. They were mainly used for bank to bank transactions, but they were also issued to the general public for circulation. Most people have never owned one or even seen one as they were cost prohibitive even at face value. The $5,000 and $10,000 bills were last printed in 1946. Up until July 1969 you could go to the local bank and purchase one for face value. In July of 1969 then President Nixon signed in to law a bill that ceased to issue them to the Federal Banks. The ones that were not destroyed are now in the hands of collectors. The largest hoard of $10,000 was the Binion Hoard of 100 $10,000 that was on display at the Binion Horseshoe and Casino in Las Vegas from 1954 to 1999. The Inverted Horseshoe was disassembled in 1999 and the 100 $10K NY notes were sold off in 2000. The second largest single hoard was discovered by Jhon E Cash in May of 2005. The "Dallas Hoard" , which was purchased by Jhon E Cash consisted of seven $5,000 bills and ten $10,000 all from the Dallas district. Jhon E Cash maintains the official census on all of the $5,000 and $10,000 notes known by serial number and grade. You will soon be able to view and purchase the census on-line from the Jhon E Cash website. There are 213 $5,000 and 215 $10,000 bills known in all series and districts as of Jan. 2015