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.).
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.).