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| US Paper Money - Five Thousand Dollars |
United States 1934 $5000 Dollar Federal Reserve Note. J - Bank of Kansas City
Federal Reserve Notes, Series of 1934
Federal Reserve Notes, Series of 1934
Obverse: Portrait of James Madison.
Reverse: Fancy design of the number "5000" - United States of America - Five Thousand Dollars.
This serial number C00000019A note is just the fifth known for the Kansas City District.
Signatures: (as depicted) William Alexander Julian, 28th Treasurer of the United States and Henry Morgenthau Jr., 52nd United States Secretary of the Treasury.
United States 5000 Dollar Bills
$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. Seal colors may vary between and within individual series. There are estimated to be several hundred of these remaining today in collector hands.
Star notes were not printed for this type and denomination. However, though very few in number, replacement notes do exist, but they are very difficult to distinguish as they were printed with overprints of a slightly different hue. The series and district are the most important factors in establishing a value.
United States 1934 5000 Dollar Bill United States 1928 5000 Dollar Bill
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James Madison
James Madison, Jr. (March 16, [O.S. March 5] 1751 – June 28, 1836) was a political theorist, American statesman, and served as the fourth President of the United States (1809–17). He is hailed as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution and the Bill of Rights.
Madison inherited his plantation Montpelier in Virginia and owned hundreds of slaves during his lifetime. He served as both a member of the Virginia House of Delegates and as a member of the Continental Congress prior to the Constitutional Convention. After the Convention, he became one of the leaders in the movement to ratify it, both nationally and in Virginia. His collaboration with Alexander Hamilton and John Jay produced The Federalist Papers, among the most important treatises in support of the Constitution. Madison changed his political views during his life. During deliberations on the constitution, he favored a strong national government, but later preferred stronger state governments, before settling between the two extremes late in his life.
In 1789, Madison became a leader in the new House of Representatives, drafting many basic laws. He is noted for drafting the first ten amendments to the Constitution, and thus is known also as the "Father of the Bill of Rights". He worked closely with President George Washington to organize the new federal government. Breaking with Hamilton and the Federalist Party in 1791, he and Thomas Jefferson organized the Democratic-Republican Party. In response to the Alien and Sedition Acts, Jefferson and Madison drafted the Kentucky and Virginia Resolutions arguing that states can nullify unconstitutional laws.
As Jefferson's Secretary of State (1801–1809), Madison supervised the Louisiana Purchase, which doubled the nation's size. Madison succeeded Jefferson as President in 1809, was re-elected in 1813, and presided over renewed prosperity for several years. After the failure of diplomatic protests and a trade embargo against the United Kingdom, he led the U.S. into the War of 1812. The war was an administrative morass, as the United States had neither a strong army nor financial system. As a result, Madison afterward supported a stronger national government and a strong military, as well as the national bank, which he had long opposed.