{"id":20872,"date":"2023-09-20T16:28:10","date_gmt":"2023-09-20T16:28:10","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/10000-bill-sells-for-480000-now-thats-what-you-call-inflation\/"},"modified":"2023-09-20T16:28:11","modified_gmt":"2023-09-20T16:28:11","slug":"10000-bill-sells-for-480000-now-thats-what-you-call-inflation","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=20872","title":{"rendered":"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation."},"content":{"rendered":"
\n

A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins.<\/p>\n

The uncirculated US$10,000 Federal Reserve Note from 1934 set an auction record, according to Dallas-based Heritage Auctions, which announced the results of last week\u2019s sale in Long Beach, Calif., on Monday.<\/p>\n

\n

\u201cLarge-denomination notes always have drawn the interest of collectors of all levels,\u201d Dustin Johnston, vice president of currency at Heritage Auctions, said in a statement.\u00a0<\/p>\n

Among the auction\u2019s other highlights: an 1879 \u201cFlowing Hair Stella\u201d US$4 coin that brought in US$216,000; and an 1870 Double Eagle US$20 coin\u2014one of just five or six \u201csurvivors\u201d from an original mintage of just 35\u2014that commanded US$456,000.<\/p>\n

\n

<\/p>\n

\n
<\/div>
\n

1879 Flowing Hair Stella<\/h4>\n


\n Heritage Auctions, HA.com
\n <\/span>
\n <\/figcaption><\/figure>\n<\/p><\/div>\n

The sale also included a sought-after 1899 Liberty Head double eagle US$20 coin, which fetched a record US$468,000.<\/p>\n

\u201cIt takes an extraordinary coin to rise to the top of an auction with such consistent high quality, and this 1899 double eagle is that kind of coin,\u201d Todd Imhof, executive vice president of Heritage Auctions, said in a statement. \u201cIt is such an exceptional rarity. Of the survivors, this example carries the highest grade, and that includes the one that is in the Smithsonian Institution. The winning bidder acquired an exceptional trophy-level coin that immediately becomes a collection centerpiece.\u201d<\/p>\n

The Heritage Auctions sale brought in a total of US$15.5 million, the company said\u2014US$8.2 million for coins, and US$7.3 million for currency.\u00a0<\/p>\n

At the same time, \u201ca few items were a little softer than expected,\u201d Todd Imhof, a partner and executive vice president at Heritage Auctions, says. \u201cI suspect the biggest collectors are feeling a bit punch-drunk after the last couple years of absorbing an unprecedented number of serious offerings, and many are being a bit more particular and focused on their acquisitions.\u00a0 I think we will see a bit of a bifurcated marketplace in the months ahead, with most areas of the rare coin market being stable, but \u2018trophy coins\u2019 continuing to enjoy very aggressive bidding.\u201d<\/p>\n

More<\/strong>: More Investors May Get Access to Private Markets. Some Are Raising a Red Flag<\/p>\n

The market for high-grade, rare U.S. coins is \u201csoaring,\u201d according to a report from the Professional Numismatists Guild. In 2021, a record 22 rare coins sold at auction for US$1 million or more, and hundreds of other collectible coins and banknotes set new records, the association said.<\/p>\n

\u201cThis cyclical marketplace was due for a good run,\u201d Imhof says. \u201cThe pandemic saw numerous collectors revisit their hobbies, and there has been a rise in both precious metal prices and inflation, which often benefits tangible assets like rare coins.\u201d<\/p>\n

Last year, Heritage Auctions sold more than US$347 million in U.S. rare coins, according to an analysis by CDN Publishing, which produces the Greysheet numismatic market price guides. CDN estimated the U.S. rare coin market at US$6 billion in 2022, estimating that US$560 million in such coins were sold at auction that year.<\/p>\n

Baltimore auction house Stack\u2019s Bowers also smashed records at an April 2023 sale of rare and historic currency. A 1792 cent in copper brought US$576,000. An uncirculated US$20 coin from 1854 earned US$552,000, more than 60% above the prior all-time record, according to the auction house.<\/p>\n

And in June 2023, Stack\u2019s Bowers sold a US$1,000 bill from 1891\u2014known as the \u201cMarcy Note\u201d for its portrait of a former New York State governor\u2014for a record US$2.6 million.\u00a0<\/p>\n

More<\/strong>: The Latest EVs Are Taking to the Water<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins. The uncirculated US$10,000 Federal Reserve Note from 1934 set an auction record, according to Dallas-based Heritage Auctions, which announced the results of last week\u2019s sale in Long Beach, Calif., on<\/p>\n","protected":false},"author":1,"featured_media":20873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-20872","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"\n$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation. | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins. The uncirculated\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/microloannexus.com\/?p=20872\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation. | Micro Loan Nexus\" \/>\n<meta property=\"og:description\" content=\"A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins. The uncirculated\" \/>\n<meta property=\"og:url\" content=\"https:\/\/microloannexus.com\/?p=20872\" \/>\n<meta property=\"og:site_name\" content=\"Micro Loan Nexus\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-20T16:28:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-20T16:28:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/1695227290_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/microloannexus.com\/?p=20872#article\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/?p=20872\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\"},\"headline\":\"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation.\",\"datePublished\":\"2023-09-20T16:28:10+00:00\",\"dateModified\":\"2023-09-20T16:28:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/microloannexus.com\/?p=20872\"},\"wordCount\":593,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/microloannexus.com\/?p=20872#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/microloannexus.com\/?p=20872\",\"url\":\"https:\/\/microloannexus.com\/?p=20872\",\"name\":\"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation. | Micro Loan Nexus\",\"isPartOf\":{\"@id\":\"https:\/\/microloannexus.com\/#website\"},\"datePublished\":\"2023-09-20T16:28:10+00:00\",\"dateModified\":\"2023-09-20T16:28:11+00:00\",\"description\":\"A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins. The uncirculated\",\"breadcrumb\":{\"@id\":\"https:\/\/microloannexus.com\/?p=20872#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/microloannexus.com\/?p=20872\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/microloannexus.com\/?p=20872#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/microloannexus.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/microloannexus.com\/#website\",\"url\":\"https:\/\/microloannexus.com\/\",\"name\":\"Solutions For Real\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/microloannexus.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/microloannexus.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/microloannexus.com\/#organization\",\"name\":\"Solutions For Real\",\"url\":\"https:\/\/microloannexus.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png\",\"width\":690,\"height\":64,\"caption\":\"Solutions For Real\"},\"image\":{\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/microloannexus.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"contentUrl\":\"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/microloannexus.com\"],\"url\":\"https:\/\/microloannexus.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation. | Micro Loan Nexus","description":"A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins. The uncirculated","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/microloannexus.com\/?p=20872","og_locale":"en_US","og_type":"article","og_title":"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation. | Micro Loan Nexus","og_description":"A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins. The uncirculated","og_url":"https:\/\/microloannexus.com\/?p=20872","og_site_name":"Micro Loan Nexus","article_published_time":"2023-09-20T16:28:10+00:00","article_modified_time":"2023-09-20T16:28:11+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/09\/1695227290_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/microloannexus.com\/?p=20872#article","isPartOf":{"@id":"https:\/\/microloannexus.com\/?p=20872"},"author":{"name":"News Room","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a"},"headline":"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation.","datePublished":"2023-09-20T16:28:10+00:00","dateModified":"2023-09-20T16:28:11+00:00","mainEntityOfPage":{"@id":"https:\/\/microloannexus.com\/?p=20872"},"wordCount":593,"commentCount":0,"publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/microloannexus.com\/?p=20872#respond"]}]},{"@type":"WebPage","@id":"https:\/\/microloannexus.com\/?p=20872","url":"https:\/\/microloannexus.com\/?p=20872","name":"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation. | Micro Loan Nexus","isPartOf":{"@id":"https:\/\/microloannexus.com\/#website"},"datePublished":"2023-09-20T16:28:10+00:00","dateModified":"2023-09-20T16:28:11+00:00","description":"A rare US$10,000 bill from the Great Depression has sold at auction for US$480,000, as the star lot in an auction of currency and coins. The uncirculated","breadcrumb":{"@id":"https:\/\/microloannexus.com\/?p=20872#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/microloannexus.com\/?p=20872"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/microloannexus.com\/?p=20872#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/microloannexus.com\/"},{"@type":"ListItem","position":2,"name":"$10,000 Bill Sells for $480,000. Now That\u2019s What You Call Inflation."}]},{"@type":"WebSite","@id":"https:\/\/microloannexus.com\/#website","url":"https:\/\/microloannexus.com\/","name":"Solutions For Real","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/microloannexus.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/microloannexus.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/microloannexus.com\/#organization","name":"Solutions For Real","url":"https:\/\/microloannexus.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/sf-logo-1.png","width":690,"height":64,"caption":"Solutions For Real"},"image":{"@id":"https:\/\/microloannexus.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/e2d3b62d35ac325be68540d68dc6660a","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/microloannexus.com\/#\/schema\/person\/image\/","url":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","contentUrl":"https:\/\/microloannexus.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1691264579-96x96.png","caption":"News Room"},"sameAs":["https:\/\/microloannexus.com"],"url":"https:\/\/microloannexus.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/20872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20872"}],"version-history":[{"count":1,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/20872\/revisions"}],"predecessor-version":[{"id":20874,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/posts\/20872\/revisions\/20874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=\/wp\/v2\/media\/20873"}],"wp:attachment":[{"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microloannexus.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}