Great Depres­sion $10,000 bill fetch­es $480,000 at auc­tion

A Great Depres­sion-era $100,000 bill fetched $480,000 when it was sold at auc­tion.
The bill, a 1934 issue Fed­er­al Reserve note, was deemed to be of Excep­tion­al Paper Qual­i­ty and was cer­ti­fied by the Paper Mon­ey Guar­an­ty, accord­ing to a report.
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Sold through Her­itage Auc­tions, the note dis­plays the image of for­mer Sec­re­tary of the Trea­sury Salmon P. Chase, who served under for­mer Pres­i­dent Abra­ham Lin­coln.

The bill was the fea­ture of the Long Beach Expo cur­ren­cy auc­tion and achieved a record-break­ing sale price, accord­ing to the report.
“Large-denom­i­na­tion notes always have drawn the inter­est of col­lec­tors of all lev­els,” said Dustin John­ston, vice pres­i­dent of cur­ren­cy at Her­itage Auc­tions. “The $10,000 trails only the $100,000 gold cer­tifi­cate issued in 1934, and of the 18 exam­ples grad­ed by PMG, this exam­ple is tied for the high­est-grad­ed.”
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A pri­or 1934 $100,000 bill had been sold for $384,000 in Sep­tem­ber 2020, and the most recent record-set­ting note is “an absolute prize that will com­mand a share of the spot­light in its new col­lec­tion home,” accord­ing to John­ston.
The $100,000 bill rep­re­sents the great­est denom­i­na­tion note to ha …