$10,000 bill sells for nearly half a million dollars at auction in Texas

$10,000 bill sells for $480,000

$10,000 bill sells for $480,000


A $10,000 bill from 1934 sold for a record $480,000 at a Texas auction – while a $20 coin minted in 1899 also set a record when it sold for nearly the same amount as the bill, according to the auction.

A 1934 $10,000 bill broke an auction house record last week when it sold for $480,000.

Heritage auctions

Headquartered in Dallas, Heritage Auctions sells a wide variety of collectibles including coins, currency, art, sports memorabilia, wine and historical items. The massive bids taken last week occurred during a multi-day auction with multiple bidding events that took place during the second and third weeks of September in the Texas capital.

The interest in the 1934 $10,000 bill did not come as a “big surprise” to Heritage Auctions, the company. Dustin Johnston, vice president of currency at Heritage Auctions, said in another statement that “large-denomination notes have always been of interest to collectors at all levels.”

Johnston added that in terms of value and ranking of the Paper Money Guaranty (PMG), the $10,000 note is “second only to the $100,000 gold certificate issued in 1934, and of the 18 examples graded by the PMG, this example is tied for the highest rated.”

The1899 Twenty sold for $468,000.

Heritage auctions

Meanwhile, the $20 coin also attracted a huge amount of interest. The 1899 “Double Eagle” coin sold for $468,000, shattering the previous record set in 2008 when a similar coin sold for $218,000, Heritage Auctions said. In total, the coins auctioned at last week’s Long Beach Expo broke several records, bringing in more than $8.2 million, while the currency bid’s total profit climbed above $7.3 million.

“It takes an extraordinary coin to rise to the top of an auction of such consistently high quality, and this 1899 Double Eagle is that kind of coin,” said Todd Imhof, executive vice president at Heritage Auctions, in a announcement.

“It is such an extraordinary rarity – the original recorded edition was only 84 proofs – and over time the total has dwindled to somewhere around 30,” the statement continued. “Of the survivors, this example is of the highest grade, and that includes the one in the Smithsonian Institution. The winning bidder acquired a one-of-a-kind trophy-level coin that will immediately become a focal point.”

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