Search our Archives for press releases from other collectibles:
- All Press Releases
- Art Press Releases
- Coin Press Releases
- Comics Press Releases
- Currency Press Releases
- Domain Names & Intellectual Property Press Releases
- Entertainment Press Releases
- Historical Press Releases
- Jewelry, Timepieces & Luxury Accessories
- Movie Poster Press Releases
- Real Estate Press Releases
- Sports Press Releases
- Wine Press Releases
Press Release - January 13, 2014
1890 $1,000 Grand Watermelon Note Brings World Record $3.29 Million At Heritage AuctionsMost valuable piece of currency on the planet; sold in Orlando, FL auction on Jan. 10, 2014;
DALLAS — The rarest and most famous of all U.S. currency notes, the legendary 1890 $1,000 Treasury Note, popularly referred to as the "Grand Watermelon note" — due to the design of the large zeroes on the reversed side of the bill, resembling watermelons — became the single most valuable piece of currency in existence when it sold for $3,290,000 on Friday, Jan. 10, far exceeding its pre-auction estimate of $2 million.
It was sold by Dallas-based Heritage Auctions as part of the company's Florida United Numismatics (FUN) Convention Rare Currency Auction in Orlando, FL, part of a series of auctions the firm conducted last week that have grossed more than $105 million total, the largest numismatic auction in history.
The last time this note was offered at auction was in 1970, where it brought $11,000.
"This note is an icon of American financial history — and is the only known example in private hands — we knew something extraordinary was possible," said Dustin Johnston, Director of Rare Currency at Heritage Auctions. "Collectors knew this was not a chance that was going to come around again anytime soon, and they bid accordingly. The result being that this beautiful little piece of paper is now the most valuable of its kind in the world and has a new chapter to add to its legend."
The note sold to a private collector that wished to remain anonymous.
Also topping the seven-figure mark in the auction was a unique 1882 $500 Gold Certificate, which was also the subject of very spirited bidding before it finished at $1,410,000.
- Past Auction Values (prices, photos, full descriptions, etc.)
- Bid online
- Free Collector newsletter
- Want List with instant e-mail notifications
- Reduced auction commissions when you resell your
- Cash Advances
- More Bidders
- Trusted Experts
- Over 200,000 Satisfied Consignors Since 1976
Learn about consigning with us
From the first phone call to receiving the check in the mail , my transactions with Heritage Auctions were professional and pleasant.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)