SECRET CURRENCY TREASURE FROM THE 1800'S
SELLS FOR OVER $10 MILLION
$20,000 Face Value Appreciates 500-Fold
Santa Monica, CA, October 16, 2003 - What may be the largest
trove of unused American paper money to survive from the
1800's was sold through Goldline International of Santa
Monica, California (www.Goldline.com).
The entire collection of $5, $10, and $20 notes was sold
privately to investors and collectors.
"The existence of the collection was kept secret until
now," said Mark Albarian, President and CEO of Goldline.
"We offered the notes to a select group of our clients and
they sold out very quickly. Many serious collectors are
going to be disappointed that they did not have an opportunity
to acquire these notes for their collections."
Historical collections of paper money are truly a rarity.
Very few paper notes from the 1800’s have survived.
Most of the currency was spent and ultimately destroyed
as new notes were issued.
This particular collection of paper money has unique historical
distinction due to its extremely high quality. Prior to
its discovery, many of these notes were virtually unknown
to have survived in uncirculated condition. Albarian added,
“Most experts in the paper money field will be shocked
that a collection of this quality survived in such incredible
condition.”
The grouping, named the Atlantic Collection (www.AtlanticCollection.com),
was held as vault cash reserves in a bank located near the
Eastern seaboard. Prices paid for the notes varied considerably:
between $2,075 and $50,000 based on rarity and condition.
High grade United States paper money from the Nineteenth
Century is usually even more valuable than gold coins from
the same era. Given the choice of saving a $20 bill or a
$20 gold coin, most people saved the gold. Paper money is
also more vulnerable to damage, further contributing to
its rarity.
The collection of large-size notes includes the “Woodchopper”
and “Jackass” designs, both of which first appeared
in the Series of 1869. These designs depict scenes of early
American life and are widely considered some of the finest
examples of the engravers’ art.
Goldline has brought other famous collections to market,
including former Horseshoe Casino owner Ted Binion’s
Silver Dollar Collection and the Wells Fargo® Nevada
Gold Collection of $20 gold coins.
For more information about these notes, please visit the
Atlantic Collection’s website or call 1-800-827-4653.
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