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U.S. 1891 $1,000 treasury note sells for record $2.5 million

April 28, 2013 at 4:15 PM

SCHAUMBURG, Ill., April 28 (UPI) -- A $1,000 bill minted in 1891 that depicts U.S. Gen. George Meade sold at auction in Illinois for a record $2.585 million.

The treasury note is thought to be only one of two in existence. The other is on display at the Smithsonian American History Museum in Washington.

Heritage Auctions said the $2.585 million set a record for a piece of paper currency.

It was put on the auction block in Schaumburg, Ill., Saturday. The bill was last sold at auction in 1944, when it sold for barely more than its nominal worth -- $1,350.

Among its previous owners is Amon G. Carter Jr., the collector and former publisher of the Forth Worth (Texas) Star-Telegram.

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