A hell of a profit! A $10,000 bill from the Great Depression sells for $480,000 – the $20 coin minted in 1899 worth $468,000
- An extremely rare $10,000 bill from the Great Depression sold for $480,000 at an auction in Dallas over the weekend.
- A $20 “double eagle” gold coin dating from 1899 was sold the day before by the same auctioneer. The coin depicts a portrait of the head of Lady Liberty
An extremely rare $10,000 bill from the Great Depression sold for a record $480,000 at an auction in Dallas.
The previous record was held by a ten thousand dollar bill from 1934, which sold for $384,000 in September 2020.
The rare note sold Friday by Heritage Auctions feats the face of Salmon P. Chase who was Secretary of the Treasury under Abraham Lincoln.
The $10,000 notes were the highest ever put into circulation as the United States grappled with searing inflation after the economic crash. Invoices of Prices of $500 and above were discontinued in 1969 due to lack of use.
A $20 “double eagle” gold coin dating from 1899 was sold the day before for $468,000. The coin depicts a portrait of Lady Liberty’s head.
An extremely rare $10,000 bill from the Great Depression has sold for a record price of $480,000.
The rare note sold features the face of Salmon P. Chase, who served as Secretary of the Treasury under Abraham Lincoln.
A $20 “double eagle” gold coin dating from 1899 was sold the day before for $468,000. The coin depicts a portrait of the head of Lady Liberty
The auction house said there were only 84 special pieces ever created and only 30 would still be available.
Todd Imhof, executive vice president of Heritage Auctions, said: “It takes an extraordinary coin to reach the top of an auction with such consistently high quality, and this 1899 Double Eagle is that kind of coin. .
“This is such an exceptional rarity – the original recorded mintage was only 84 proofs – and over time this total has diminished, to around 30.
“Of the survivors, this example carries the highest rating, and that includes the one at the Smithsonian Institution.
“The winning bidder has acquired an exceptional trophy-level piece that immediately becomes a centerpiece of the collection. »
The interest in the 1934 $10,000 bill was not a “huge surprise,” Heritage Auctions said in a separate statement.
A $20 “double eagle” gold coin dating from 1899 was sold by Heritage Auctions for $468,000 the day before.
This extremely rare coin features a portrait of Lady Liberty’s head.
Dustin Johnston, vice president of currency at Heritage Auctions, said “high-value notes have always attracted interest from collectors of all levels.”
He added that in terms of value and classification according to the Paper Money Guaranty (PMG), the $10,000 note “second only to the $100,000 gold certificate issued in 1934, and that of the 18 examples Classified by PMG, this example is tied for first place. .’
Chase, who is listed on the memo, was later nominated and confirmed as chief justice, serving in that position for eight years.
The note features a green seal on the front and the words “The United States of America” on its sticker on the reverse.