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 - December 16, 2006
Heritage Sets World's Paper Money Record
$2,255,000 for "Grand Watermelon"
DALLAS, TX: A world's record price of $2,255,000 was paid for a United States bank note, more than double the previous record, according to Heritage Auction Galleries of Dallas, Texas (www.HA.com). Heritage brokered the private transaction between two collectors in the sale of the only available red seal $1,000 "Grand Watermelon" note (Fr.379b).
"The only other known red seal Grand Watermelon is in the museum at the Federal Reserve Bank of San Francisco," said Greg Rohan, President of Heritage.
The anonymous seller of the record-breaking bill is described as "a private collector who owned the note for a number of years," and the anonymous buyer was described by Rohan as "a very advanced and sophisticated East Coast collector of art and rare currency."
The $2,255,000 price is more than double the previous record for a Grand Watermelon note, paid in a March 2005 auction for a brown seal, graded PCGS Currency-50. The previous world's record for any bank note was $2,100,000, set this past March each for a Series 1863 $100 denomination Gold Certificate (Fr. 1166c) and a unique Series 1891 $1,000 Treasury Note (Fr. 379c), both privately sold by Heritage.
The portrait on Grand Watermelon notes is Civil War-era General George Gordon Meade who commanded Union Army troops at the Battle of Gettysburg. The Grand Watermelon notes are at the top of the list in the recently-published reference book, The 100 Greatest American Currency Notes, by Q. David Bowers and David Sundman.
For additional information, contact Heritage Auction Galleries, 3500 Maple Ave., 17th Floor, Dallas, Texas 75219. Phone: (800) 872-6467. Online: www.HA.com.
- 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
I think your auction firm is an asset to the hobby.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)