Among the most well-known stories in the history of American currency is that of Benny Binion and his hoard of 100 Series of 1934 $10,000 Federal Reserve Notes. For nearly 35 years these were housed inside of a golden horseshoe display at Binion’s Horseshoe Casino (now Binion’s Gambling Hall and Hotel) in Las Vegas. Assembled in 1964 and broken up in 1999, each individual note in the display represented a titanic sum of money at the time; these notes were primarily intended to be used to transfer large sums of money between banks.
Today a rare sight even among the inventories of established auction houses and major dealers, $10,000 Federal Reserve Notes have long been sought after by collectors seeking to assemble an impressive collection of high denomination notes. The presence of a $10,000 hailing from Binion’s display in lot 21377 in our upcoming Spring 2024 Showcase Auction is sure to generate excitement among collectors and dealers alike.
More attractive than most offered at auction, this example faces up well as it never entered circulation. Free from internal damage, there is evidence of restoration, typical for many Binion notes due to how they were displayed. This is of trifling concern when weighed against the historical significance of the Binion notes and the desirability of the $10,000 denomination.
The plate impression is bold and fully framed with sharp details seen in Chase’s portrait at center. The engraved details make an exceptional contrast against the creamy paper and vivid overprint. Only 100 of these Binion notes are available to collectors and surely more collectors desire to own one. Here is your opportunity to secure a legendary piece of numismatic lore.
To consign your numismatic items to one of our upcoming auctions, please call 800-458-4646 or email Info@StacksBowers.com.
