Numismatic News- A consecutive pair of 1934 $5,000 Federal Reserve Notes, Fr. 2221-E, were the stars of the Stack's Bowers Galleries sale held Aug. 10 at the American Numismatic Association's World's Fair of Money in Anaheim, Calif.
Bringing $258,500, the auction lot description noted of the pair, "This consecutive pair of 1934 $5000's from the Richmond district could very well be one of the most important High Denomination notes this hobby has ever seen. Not because of the sequential order, but because we believe that the second note of this pair is a replacement." Unlike other denominations, where replacement notes have stars added to the serial number, "it was more cost effective to reissue the same exact serial number of the damaged note at a later time period when the blueish/green seals were being issued."
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