Photo: Shutterstock / Shutterstock
According to Dallas-based Heritage Auctions, a rare $10,000 bill issued during the Great Depression (1929-1941) It sold for $480,000 at auction.
The Federal Reserve note dates exactly from 1934, Boston and in its printing it has the face of President Abraham Lincoln’s Secretary of the Treasury, Salmon P. Chase. Achieved certification by Paper Money Guaranty (PMG) and achieved the Exceptional Paper Quality (EPQ) rating.
Given its rarity, it led the house’s currency auction at the Long Beach Expo by reaching a record figure of $480,000. For Dustin Johnston, vice president of currency at Heritage Auctions ““Large denomination banknotes have always attracted the interest of collectors of all levels.”said
Previously, the maximum price they had offered for a ticket like this was $384,000 dollars, it was also one of $10,000 dollars from 1934. “The $10,000 is second only to the $100,000 gold certificate issued in 1934.and of the 18 specimens graded by PMG, this specimen is tied for the highest grade,” Johnston highlighted.
According to the Museum of American Finance website, $100,000 bills were only used to transfer funds between Federal Reserve banks and the $10,000 bills were the largest denomination ever circulated, while the $500 bill was discontinued in 1969, leaving the $100 bill as the highest publicly denominated bill.
In a statement from PMG he noted that So far there are four more $10,000 dollar bills that have qualified. In this regard, Johnston noted that this is “an absolute prize that will attract some of the attention in its new collection home,” he said.
Keep reading:
- The tea set with which a serial killer killed her victims in Argentina will be auctioned
- Michael Jackson’s hat with which he danced his “moonwalk” is auctioned
- Dimes That Could Be Worth Up to $2,000, According to Auction Website