147-year-old U.S. banknote realizes more than $223,000 USD

All prices include buyer’s premium.

A highly graded 1869 Legal Tender “Rainbow” banknote crossed the block for $223,250 USD (about $280,800 Cdn.) at the Currency Signature Auction hosted by Heritage Auctions this past week.

The $50 “Rainbow” note, Lot #18813, is graded About Uncirculated-55 by Paper Money Guaranty (PMG). It’s one of only 64 examples enumerated in the track and price census, according to Dustin Johnston, director of rare currency at Heritage Auctions.

The auction – held in conjunction with the Central States Numismatic Society’s 77th Anniversary Convention this April 27-May 2 – included various other highlights, such as Lot #19166, a “beautifully and broadly margined” 1934 $5,000 Federal Reserve note. It sold for $211,500 USD ($266,000 Cdn.).

This 1934

This 1934 Federal Reserve Note sold for $211,500 USD ($266,000 Cdn.).

Rounding out the highlights was Lot #18916, an 1890 $100 Treasury note in PMG Very Fine-25. It realized $152,750 USD (about $192,300 Cdn.).

Altogether, the more-than-2,700-lot Currency Signature Auction realized nearly $4.3 million. For more information, visit HA.com or centralstates.info.

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