The figure on the $10,000 bill, the largest U.S. note ever in public circulation, is: Salmon P. Chase. He was the U.S. Treasury Secretary under President Abraham Lincoln during the Civil War.
🔹 Who was Salmon P. Chase?
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U.S. Treasury Secretary under President Abraham Lincoln during the Civil War
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Later served as Chief Justice of the U.S. Supreme Court
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Known for helping to create the national banking system and introducing paper currency (“greenbacks”)
🔹 About the $10,000 Bill:
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First issued in 1918 (with Chase’s portrait)
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Used primarily for bank transfers, not everyday spending
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Last printed in 1945, officially discontinued in 1969
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Still legal tender, but extremely rare and collectible
Current Collector Value of the $10,000 Bill
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A 1934 $10,000 bill, uncirculated and of exceptional quality, recently fetched a staggering $480,000 at a Heritage Auctions event during the Long Beach Expo in Dallas.
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This sale set a new record, surpassing the prior high of $384,000 from 2020.
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The auctioned bill was notable for its Exceptional Paper Quality (EPQ) and top-tier grading by the Paper Money Guaranty (PMG) — making it a true prize for collectors.
Why It Commands Such High Value
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Rarity: As of 2009, only about 336 of these $10,000 bills were known to exist.
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Historical Significance: Issued during the Great Depression and discontinued in 1969, these high-denomination notes were used mainly for inter-bank transfers—not for common circulation.
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Condition & Grading: Bills graded as “PMG 64 EPQ, Choice Uncirculated” or better are especially prized.
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Collector Demand: Large-denomination notes consistently attract serious interest from collectors at all levels .
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Additional Insight
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Some less exceptional examples may sell for around $300,000, particularly if they’re uncirculated but not graded as top-tier.
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An interesting historical anecdote from JPMorgan Chase shows that a 1934 $10,000 bill was once discovered in a bank’s archive and valued (though at an earlier time) between $50,000 and $85,000—highlighting how grading and market demand affect price.
In Summary
| Condition | Estimated Value |
|---|---|
| Top-grade uncirculated (e.g. PMG 64 EPQ) | ~$480,000 (recent record) |
| Uncirculated, but lower grade | ~$300,000 |
| Good condition or known example | Tens to hundreds of thousands |
Whether you’re a seasoned collector or simply fascinated by its value, the $10,000 bill represents a fascinating blend of history, rarity, and artistry.
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