147-year-old U.S. banknote expected to bring more than $200k

A highly graded 1869 Legal Tender “Rainbow” banknote is expected to realize more than $175,000 USD ($221,500 Cdn.) at the Currency Signature Auction hosted by Heritage Auctions this April 27-May 2.

The auction – held in conjunction with the Central States Numismatic Society’s 77th Anniversary Convention – will take place at the Renaissance Schaumburg Convention Center Hotel in Schaumburg, Ill.

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.

Lot #18916 is this popular 1890 “Watermelon” $100 treasury note that’s expected to realize more than $150,000 USD ($190,000 Cdn.).

Lot #18916 is this popular 1890 “Watermelon” $100 treasury note that’s expected to realize more than $150,000 USD ($190,000 Cdn.).

Other highlights include Lot #18916, a popular 1890 “Watermelon” $100 treasury note. In PMG Very Fine-25, the note is expected to sell for more than $150,000 USD ($190,000 Cdn.).

Lot #19166, a “beautifully and broadly margined” 1934 $5,000 Federal Reserve note, was also given an estimate of $150,000 USD. It’s offered in PMG Choice Uncirculated-64.

Another highlight is Lot #19165, a 1934 $5,000 Federal Reserve note in PMG Choice Extremely Fine-45. One of only five known examples from the St. Louis District, this note has a pre-sale estimate of $115,000-$125,000 USD ($145,500-$158,000 Cdn.).

Rounding out the highlights is Lot #18893, an 1886 $20 silver certificate in PMG Extremely Fine-40. It has a pre-sale estimate of about $60,000 USD ($76,000 Cdn.).

For more information, visit HA.com or centralstates.info.

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