USA: rare $10,000 note auctioned off for $480,000 in Texas

A $10,000 note printed during the Great Depression was sold for a whopping $480,000 at a US auction. The rare currency features a photo of Salmon P. Chase, who was Secretary of the Treasury in Abraham Lincoln’s administration.

According to the Museum of American Finance, the $10,000 note was the highest denomination bill to be ever circulated in the country.

The US did print a $100,000 that featured Woodrow Wilson was printed but only used to for transactions between Federal Reserve Banks. It was restricted from retail transactions, the museum’s website said.

Currency at Heritage Auctions said that “large-denomination notes always have drawn the interest of collectors of all levels,” Hindustan Times reported.

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“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,” the statement added.