$5000 Dollar Federal Reserve Notes
Federal Reserve $5000 Dollar notes in small size were printed from 1929 to the mid-1940's. Established in 1913, the Federal Reserve Note is the only type of U.S. currency that is still in use. Today, as fiat currency, there are no precious metals backing these notes - though with the Series of 1928, a "gold clause" was affixed, insuring that notes could be redeemed for gold coin. Due to the 1933 gold confiscation, Series of 1934 notes notably lack this clause. There were also several later series that never saw circulation. Given their distinct ability to represent large sums of money in small packages, ultra high denomination notes fell out of favor thereafter as they became a liability in fighting crime. They are still legal tender today at their face value.
|1928 Five Thousand Dollar Federal Reserve Note|
|US Paper Money - Five Thousand Dollars|
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.
1934 $5000 Dollar bills were printed for all twelve Federal Reserves banks except for Minneapolis. There were just over 51,000 1934 $5000 Dollar Federal Reserve notes printed.