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Did You Know: Johnny Chan Owned A Rare 1934 $10,000 Federal Reserve Note

The November 2023 Showcase Auction of U.S. Currency saw an impressive number of rare currency, which consisted of various large and small-size notes that can be diverse based on types and denominations.  One such note that particularly caught the attention comes from the collection of a former poker player! A note put up for sale in November is related to the collection of professional poker pro Johnny Chan. 

One of the rarest notes in this auction is a 1934 $10,000 Federal Reserve Note (Philadelphia, graded PMG 45) with an estimated value of $175,000 to $275,000. It is said to be among the only 117 total $10,000 Small Size Federal Reserve Notes that have been certified by Paper Money Guaranty (PMG). 

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The note is owned by poker maestro Johnny Chan who has won 10 World Series of Poker (WSOP) bracelets. It is worth noting that there are only three examples of this catalog number appearing in the PMG Population Report. Have a look at the note below. 

This 1934 $10,000 Federal Reserve Note from Philadelphia is 1 of only 4 known to exist in the world. It was once owned by poker legend Johnny Chan. pic.twitter.com/w5A6rWZTUP

— Historic Vids (@historyinmemes) January 3, 2024

Who is Johnny Chan? 

Johnny Chan is a legendary poker pro who won his first WSOP event in 1985. The Chinese American followed it up with back-to-back WSOP Main Event wins in 1987-88, which gave him the title of becoming the first foreign national to win a WSOP Main Event. It is also worth noting that there is a videotape of the 1988 WSOP final heads-up match featured in the famous movie Rounders, which has Chan making a cameo appearance

Being the first man to win 10 WSOP bracelets, Chan is a role model for young poker players worldwide. With around $9 Million in live career winnings, Chan is known to be one of the best poker players of all time and was inducted into the Poker Hall of Fame in 2002. 

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