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Saturday, December 16 2006 @ 05:44 PM Central Standard Time
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A very advanced and sophisticated East Coast collector of art and rate currency had paid $2.3 million for an 1890 $1000 bill, according to Greg Rohan, president of Dallas-based Heritage Auction Galleries last Friday.
"This $1,000 bill is one of only two known of its type; the other surviving example is in the museum at the Federal Reserve Bank of San Francisco," Rohan said.
According to the Heritage Auction, the previous highest bid for any bank note was $2.1 million. However, for a 1890 $1000 Grand Watermelon note, the $2, 255, 000 price was more than double the previous record for such bill.
The note got its name from the green-striped zeros in the denomination “1000” printed on the back of the bill. It looked like the fruit, watermelon.
The Grand Watermelon that has been auctioned is the one of the two existing of its type. The other one is found at the Federal Reserves bank of San Francisco. The estimate number of surviving Grand Watermelon is half-dozen. However, these have brown seals.
According to Rohan, "Only two Grand Watermelon examples are known with red-color Treasury Department seals printed on the front…” The one auctioned last Friday was one of them.
Ma. Roma C. Agsalud
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