Treasury Note Sets Record - over $1 Million!
The following article originally appeared in Numismatic
News. Call 1-800-827-4653 to learn more about this record-setting
event and find out what Large Sized US Treasury
Notes Goldline currently has avaialble.
Breaking the $1 million barrier Oct. 21 and setting a record
price for a piece of paper money sold at public auction
was one of three known “Grand Watermelon” $1,000
notes.
This 1890 $1,000 Treasury Note...Friedberg 379a, sold
for $1,092,500. All prices reported here include the 15-percent
buyers’ fees.
Graded...About New-50 by PCGS Currency, this Grand Watermelon
had previously been sold in another...auction...in late
1998, when it realized the then-record price of $792,000.
Since then, the top price record has advanced. In 2000,
an 1882 $1,000 Gold Certificate was sold...for $935,000.
Now the $1 million barrier has been breached.
The new record-holding note is called the Grand Watermelon
because of the shape of the zeroes on the back. Grand, of
course, is slang for $1,000.
[O]nly three Grand Watermelons are known, two with a large
brown seal and one with a small red seal. He said this example
is the better of the two with brown seal.
The highest-realizing 11 lots in the sale all brought
more than $200,000 apiece, helping to push the...overall
total to $10,839,900.
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