Alaskan $5 bill from 1905 to be auctioned

Oct. 3, 2012 at 1:34 PM
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DALLAS, Oct. 3 (UPI) -- A $5 bill, issued in 1905 by the First National Bank of Fairbanks, Alaska, will be part of an auction of rare currency, a Dallas auction house said Wednesday.

The note, with serial number One, was given to the city's namesake, former U.S. vice president Charles W. Fairbanks, immediately after it was printed 197 years ago. It was was consigned to the Oct. 18 auction by his heirs, who said the bill was kept for decades in a frame on the wall of a Pasadena, Calif., home.

The $5 bill is expected to sell for $200,000 or more, Heritage Auctions of Dallas said in a release.

"It's a piece of Fairbanks history you can hold in your hands," said Dustin Johnston, director of the firm's currency auctions.

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