Fr. 1225h. 1900 $10,000 Gold Certificate. PMG Extremely Fine 40.

Fr. 1225h. 1900 $10,000 Gold Certificate. PMG Extremely Fine 40. Saved through sheer circumstance and likely an unrecognized fire hazard that went unnoticed. This is something that should have never survived in the first place, but rather something that should have been redeemed and destroyed long ago. Featuring a portrait of Andrew Jackson at left adapted from Thomas Sully's 1824 portrait and elements typical of Gold Certificates of the period, the arrangement is notably different with blank spaces seen towards the bottom margin while the dimensions are unlike anything issued for circulation. In fact, this note never circulated among the general public and only ever found use in large transfers between banks such as the Federal Reserve Bank of New York. Subsequently cancelled, this note eventually made its way to storage where it sat undisturbed until 1935 when the Old Post Office caught fire which saw this note and hundreds more thrown out into the street to deprive the fire of fuel. This measure created a frenzy among onlookers and many were saved by these people thinking they had just happened upon a major windfall of cash. Many were undoubtedly disappointed to learn that these notes were cancelled and therefore worthless, but thanks to the avaricious desires of humans a quantity of these notes managed to survive for collectors and for a denomination often beyond the means of all but a small handful. PMG comments "Cancelled, Tear Repairs, Thinning." Estimate: $3,000 - $5,000. Click here for certification details from PMG.

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