In the news we share with you from time to time, we talk about items belonging to world-famous names such as Steve Jobs being auctioned and sold for astounding prices. Now we will talk about a similar development again. However, this time the product that changed hands at the auction for a record price does not belong to a well-known name…
The auction house called Heritage Auctions put up for auction a $10,000 bill printed by the US Federal Reserve in 1934. This banknote was quite famous because it changed hands for 384 thousand dollars in September 2020 and for 300 thousand dollars in May 2022. The $10,000 banknote, printed 90 years ago during the Great Depression, again found buyers at a record price. The money paid for the extremely rare banknote did not surprise collectors.
A 10 thousand dollar bill found a buyer for 480 thousand dollars!
Heritage Auctions announced that the $10,000 bill found a buyer for $480,000. While the identity of the buyer was not disclosed, it was stated that high denomination banknotes have always attracted attention and will continue to attract attention from now on. Let’s explain for those wondering: The front of the banknote featured the photograph of Salmon Chase, who served as Secretary of the Treasury during Abraham Lincoln’s presidency. On the back, in capital letters, was the phrase “United States of America, ten thousand dollars.”
The USA was one of the countries most affected by the Great Depression, which is considered one of the world’s biggest global economic crises. US stock markets crashed and world trade shrank by 65 percent. The banknote, which was sold for a record price at the auction, was printed during the harshest economic conditions in history. For those wondering, let us state that the US Federal Reserve has been producing 500, 1,000 and 10,000 dollar banknotes since the 1800s, but these were removed from circulation in 1969 because they could not be used by the public. In fact, the US government even printed $100,000 banknotes for use only in government affairs at that time…
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