This 1869 "Rainbow" $500 note is set for auction this month
1891 "Marcy" $1,000 note is set for auction this month.
1869 "Rainbow" note is set for auction later this month. (Stack's Bowers Galleries)
Posted on 02/20/2019 9:28:57 AM PST by ETL
Three exceedingly rare 19th century U.S. currency notes are expected to sell for a combined $7 million when they are auctioned off next week.
One of the unique bills being auctioned is a $1,000 "Rainbow" note from 1869 that's said to be the only one of its kind in private hands, according to Stack's Bowers Galleries.
It was last auctioned in 1946 and features a portrait of DeWitt Clinton, who oversaw the construction of the Erie Canal during his tenure as the sixth governor of New York.
The auction includes another "Rainbow" note in the $500 denomination that depicts President John Quincy Adams on one side and the allegorical figure of Justice — holding balance scales and an upward pointing sword — on the left-hand side. According to the auction house, only 89,360 examples of this bill were printed and today only three are known to exist.
The unusual bills include a famous 1891 "Marcy Note" — a $1,000 bill featuring a portrait of former New York Gov. William L. Marcy that's believed to be the only one of its kind in private hands, according to Stack's Bowers Galleries.
The note is expected to fetch between $2 and $3 million.
(Excerpt) Read more at foxnews.com ...
1891 "Marcy" $1,000 note is set for auction this month.
1869 "Rainbow" note is set for auction later this month. (Stack's Bowers Galleries)
What would be the comparable buying power today of $1000 in 1891? That was a LOT of money back then.
Dude on the 3rd bill looks a bit tired of DC life.
Not worth the paper they are printed on....
THEY ARE WORTH FAR MORE!!!
Kinda like the “Oh, not this crap again” dude.
Didn’t know we had the ajtsa guy on the money.
From the end of the civil war until the eve of WWI - prices in the USA actually fell. Rising wages, greatly increased productivity, and falling prices meant the working man actually enjoyed a greatly increased purchasing power and standard of living.
We had real money back then (and limited government), because our currency was backed by gold, and could not be printed into existence or manipulated by politicians or central bankers.
Thx for posting these.
He’s just seen the Notorious RBG walk into the room.
LOL! So true.
Why spend $7.0M for $2500?
Does anyone else see what’s wrong here?
According to this, it was about $27,000 as of 2017.
http://www.in2013dollars.com/1890-dollars-in-2017?amount=1000
rough estimate, about $27,000.
It’s the serious, pensive look of the age.
So dating back to when Democrats were for states’ rights. :)
Sorry... Didn’t mean to step on it, was posting as yours came up.
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