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 22, 2021
Collectors Go Bananas and Pay Nearly $400,000 For Del Monte-Stickered $20 BillHeritage Auctions' sale of the famed 'Del Monte Note' sets world record for any banknote error ever offered at auction
DOWNLOAD DIGITAL PRESS KIT
The coveted banknote error sold to a bidder competing on Heritages' live bidding platform, HA Live. Pre-auction bidding lifted the bids to $210,000. From there, the winning bidder outlasted a determined phone bidder and two other live internet bidders, to push the final winning auction price to $396,000. The price sets a world record for any error banknote ever sold. This was just the third time the note had been offered at public auction since its discovery in 2004.
"The Del Monte Note is considered perhaps the most famous of all U.S. error banknotes and now it holds a world record as the most valuable ever sold," Dustin Johnston, Vice President of Currency Auctions at Heritage Auctions.
The obstruction caused a sensation among collectors of U.S. currency when it was discovered by an Ohio college student in the summer of 2004. The student received it as part of an ATM withdrawal and shortly thereafter posted it on eBay where it sold for $10,000. News of the note had barely hit the collecting community, however Heritage then offered the note at auction in 2006 and it sold for $25,300.
"Collectors immediately fell in love with it," said "The placement of the 'Del Monte Ecuador' banana sticker is ideal because it covers part of the printing details and is overlaid by part of the Treasury Seal and the bill's serial number."
This isn't the first U.S. bill to have an obstruction stuck on it during the printing process. Other objects include a Band-Aid, paper fragments, tape and wood shavings.
"There's no telling if the sticker was affixed to test printing standards or just a prank by a worker," Johnston said.
Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world's largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.
Heritage also enjoys the highest online traffic and dollar volume of any auction house on earth (source: SimilarWeb and Hiscox Report). The Internet's most popular auction-house website, HA.com, has more than 1,250,000 registered bidder-members and searchable free archives of five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.
Eric Bradley, Director, Public Relations
- 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
Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)