Who would spend $2.6 million for $1,000 certificate? Obviously, there are such a persons. On June 12, Stack’s Bowers Galleries has announced a new world record price of $2.6 million when sold an 1891 $1,000 Marcy Silver Certificate.
“Only two exist of this type, the other being a treasure in the National Numismatic Collection in the Smithsonian Institution,” Stack’s Bowers said in announcing.
On the front and to the right of the note is a depiction of William L. Marcy, a U.S. Senator, the 11th Governor of New York and Cabinet member holding positions of Secretary of War and Secretary of State. On the back of the note are the boldly emblazoned words SILVER, CERTIFICATE, UNITED STATES and 1000.
Graded Very Fine 25 by PMG, the $1,000 note was sold to an anonymous buyer.
The same auctioneers announced the sale of five of the finest large-size Silver Certificates. Other highlights of the sale include Series of 1878 $50 and $100 triple signature notes, and Series of 1880 $500 and $1,000 notes, each a seldom-seen rarity. By definition, the other Silver Certificates are included as well, such as the $1, $2, and $5 “Educational Notes,” considered to be America’s most ornate and beautiful currency designs.
In addition to the five privately placed notes, more than 80 Silver Certificates will be placed in Stack’s Bowers Galleries Official Auction of the ANA World’s Fair of Money, which will take place in Chicago, Ill., August 9-18.