BALTIMORE — Some of the most rare and valuable paper money bills are about to be auctioned in Baltimore.
Stack’s Bowers Galleries will be auctioning the bills, and they say that only three of them are worth more than $7 million! The auction will be on February 28 to March 3 at Whitman Spring Expo in Baltimore.
1891 $1,000 Marcy Note
This $1,000 bill is worth $2-3 million and is the only bill of its kind that is known to exist in private hands. The Marcy Note bill is considered one of the most unobtainable examples of paper money and the only other one like it is in the National Numismatic Collection at the Smithsonian Institution.
1869 $500 Rainbow Note
This is another bill that is the only privately-held example known to exist in the world. There were only 89,360 bills originally printed, and officials say there are only three known to exist currently. The other two are at the National Numismatic Collection in the Smithsonian Institution and permanently impounded in the collection of the Federal Reserve Bank of Chicago. This bill $500 bill is now worth $1.5-2.5 million.
1869 $1,000 Rainbow Note
This bill is also called a Rainbow Note, but it was worth $1,000 in 1869. This bill is also the only one known in private hands and the last time it was available for auction was in 1946. The only other bill like this is forever held in the collection of the Federal Reserve Bank of Chicago. This $1,000 bill is now worth $1.5-2.5 million.