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Started By
Message
$10,000 bill issued in 1934 auctioned for $480,000
Posted on 9/27/23 at 12:55 pm
Posted on 9/27/23 at 12:55 pm
How does this work? Wouldn't it only be worth $10,000? Seems like someone overpaid to the tune of $470K.... idiots.
LINK
quote:
A $10,000 bill issued by the Federal Reserve in 1934 vastly exceeded its face value by being auctioned for $480,000.
Heritage Auctions said the rare bill, bearing the face of Secretary of the Treasury Salmon P. Chase, is one of the highest quality examples known to still exist. The auctioned bill was never circulated and was given a rating of Exceptional Paper Quality by Paper Money Guarantee.
"The $10,000 trails only the $100,000 gold certificate issued in 1934, and of the 18 examples graded by PMG, this example is tied for the highest-graded," Dustin Johnston, vice president of currency at Heritage Auctions, in a news release.
The U.S. discontinued all denominations over $500 in 1969 due to low usage. The $10,000 bills were only ever used to transfer money between Federal Reserve banks.
LINK
25
Posted on 9/27/23 at 12:55 pm to HenryParsons
It's worth whatever someone is willing to pay for it
Posted on 9/27/23 at 12:56 pm to HenryParsons
God damn inflation
Posted on 9/27/23 at 12:56 pm to HenryParsons
quote:
Wouldn't it only be worth $10,000? Seems like someone overpaid to the tune of $470K.... idiots.
Someone’s an idiot alright, and it’s not them. Those are rare as hell and would be a nice investment.
This post was edited on 9/27/23 at 12:57 pm
Posted on 9/27/23 at 12:58 pm to HenryParsons
quote:
How does this work? Wouldn't it only be worth $10,000? Seems like someone overpaid to the tune of $470K.... idiots.
Not hard to figure out that it's just for some rich person's collection.
Posted on 9/27/23 at 12:58 pm to HenryParsons
Your post title made me think it was someone's bill to pay from 1934 lol
Posted on 9/27/23 at 12:58 pm to HenryParsons
Try buying a $20 gold coin.
Posted on 9/27/23 at 1:00 pm to HenryParsons
quote:
HenryParsons
Are you like 10 years old?
Posted on 9/27/23 at 1:01 pm to HenryParsons
quote:
Wouldn't it only be worth $10,000?
Yes, if you were going to go to HEB and buy groceries with it. In the collectibles world, it is worth $470k.
Posted on 9/27/23 at 1:04 pm to HenryParsons
IDK, a 1909 Honus Wagner baseball card sold for 7.25 million at auction not 2 cents it originally sold for.
Posted on 9/27/23 at 1:07 pm to HenryParsons
I’ll just buy the NFT.
Posted on 9/27/23 at 1:09 pm to HenryParsons
As a person who collects weird bills... Don't look up what a colored 500 went for a few years ago 
I just like green hundreds.
Oldest one in my wallet right now is from 1969.
I believe 21 savage said it best.
I just like green hundreds.
Oldest one in my wallet right now is from 1969.
I believe 21 savage said it best.
quote:
Green hundreds in my safe, I got old racks
This post was edited on 9/27/23 at 1:13 pm
Posted on 9/27/23 at 1:23 pm to HenryParsons
Meh, I've seen better looking $10,000 bills in the quad on a Wednesday.
Wait, that's today!
Wait, that's today!
Posted on 9/27/23 at 1:28 pm to HenryParsons
For reference, $10k in 1934 is equivalent to $230k today
This post was edited on 9/27/23 at 1:36 pm
Posted on 9/27/23 at 1:30 pm to HenryParsons
Posted on 9/27/23 at 1:37 pm to HenryParsons
quote:
one of the highest quality examples known to still exist. The auctioned bill was never circulated and was given a rating of Exceptional Paper Quality by Paper Money Guarantee.
The uncirculated pristine condition certainly added to the value.
Posted on 9/27/23 at 1:38 pm to HenryParsons
You're the type person that I have a hard time getting to comprehend why I would spend 3-400 dollars at a flea market on "junk". Or, why I'd buy a NASA coffee cup at a thrift store for .75. It probably wouldn't even register that I sold that cup for $45.
Things have value. Money, paper or coin, antique or vintage, is easier to understand than the value of other random shite. I truly hope you wouldn't have found that $10k bill and presented it for deposit at your bank. I'm not convinced you wouldn't, though.
Things have value. Money, paper or coin, antique or vintage, is easier to understand than the value of other random shite. I truly hope you wouldn't have found that $10k bill and presented it for deposit at your bank. I'm not convinced you wouldn't, though.
Posted on 9/27/23 at 1:40 pm to HenryParsons
10k in 1934 is worth about 229,000 today
Posted on 9/27/23 at 1:41 pm to HenryParsons
Have you heard of coin collecting?
Some pennies are worth Thousands of dollars.
Some pennies are worth Thousands of dollars.
Posted on 9/27/23 at 1:41 pm to HenryParsons
quote:
How does this work?
Scarcity
The fewer there are, the more they are usually worth.
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