In a recent auction that captivated collectors and investors alike, a $10,000 U.S. bill featuring the portrait of Salmon P. Chase, the sixth Chief Justice of the United States, was sold.
The bill, initially issued in 1934, is one of the rarest forms of American currency and has been carefully preserved over the years, contributing to its allure for potential buyers.
It wasn't until the final gavel fell that the staggering sale price of $750,000 was revealed, exponentially higher than the bill's face value.
“Large-denomination notes always have drawn the interest of collectors of all levels,” said Dustin Johnston, vice president of currency at Heritage Auctions, which hosted the expo.
“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.”
The auction house responsible for the sale noted that the bill was in "exceptional condition," which undoubtedly played a role in driving up its final price.
While the identity of the winning bidder remains undisclosed, they are now the proud owner of a piece of American history that is as financially valuable as it is historically significant.
The sale has caught the attention of both currency enthusiasts and the general public, serving as a testament to the booming market for collectible currency.
This niche has seen increasing interest and sky-high prices in recent years, with collectors willing to pay top dollar for unique and rare items.