Quite a win! Depression-era $10,000 bill sells for $480,000 – with a $20 coin minted in 1899 fetching $468,000
- An extremely rare $10,000 bill from the Great Depression era sold for $480,000 at auction in Dallas this weekend
- An 1899 $20 gold “double eagle” coin was sold by the same auctioneer the day before. The coin features a portrait of Lady Liberty’s head
An extremely rare $10,000 bill from the Great Depression era has sold for a record $480,000 at auction in Dallas.
The previous record was held by a 1934 ten thousand dollar bill that sold for $384,000 in September 2020.
The rare note sold Friday by Heritage Auctions fshows the face of Salmon P. Chase, Secretary of the Treasury under Abraham Lincoln.
The $10,000 bills were the largest ever to enter circulation as the US faced red-hot inflation following the collapse of the economy. Accounts of $500 and above were discontinued in 1969 due to lack of use.
An 1899 $20 gold “double eagle” coin sold for $468,000 the day before. The coin features a portrait of Lady Liberty’s head.
An ultra-rare $10,000 bill from the Great Depression era has sold for a record price of $480,000
The rare bill sold depicts the face of Salmon P. Chase, Secretary of the Treasury under Abraham Lincoln
An 1899 $20 gold “double eagle” coin sold for $468,000 the day before. The coin features a portrait of Lady Liberty’s head
The auction house said only 84 of the special coins were ever made and only 30 are expected to remain in circulation.
Heritage Auctions Executive Vice President Todd Imhof said, “It takes an extraordinary coin to reach the top of an auction with such consistently high quality, and this 1899 double eagle is one such coin.
‘It is such an exceptional rarity – the recorded original edition was only 84 proofs – and over time that number has dwindled to somewhere around 30.
“Among the survivors, this specimen is the highest ranked, as is the specimen at the Smithsonian Institution.
“The winning bidder has acquired an exceptional trophy-level coin that will immediately become a centerpiece of the collection.”
The interest in the 1934 $10,000 banknote did not come as a “major surprise,” Heritage Auctions said in a separate statement.
An 1899 $20 gold “double eagle” coin sold the day before by Heritage Auctions for $468,000
The extremely rare coin features a portrait of Lady Liberty’s head
Dustin Johnston, vice president of currency at Heritage Auctions, said that “large denomination banknotes have always captured the attention of collectors of all levels.”
He added that in terms of value and grade according to the Paper Money Guaranty (PMG), the $10,000 banknote trails only the $100,000 gold certificate issued in 1934, and that of the 18 examples graded by PMG, this one scores tied for the ranking with the highest rating. .’
Chase, who appears on the note, was later nominated and confirmed as chief justice, serving in the role for eight years.
The note features a green seal on the front and the words ‘The United States of America’ on the reverse.