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This rare bill sold for nearly 2,000 times its worth at a Baltimore auction

A $1,000 bill sold for $1.92 million at a Baltimore auction.
A $1,000 bill sold for $1.92 million at a Baltimore auction. (Courtesy of Stack’s Bowers Galleries)

A rare $1,000 bill — called the “unicorn” of U.S. paper money — sold for nearly 2,000 times its worth at an auction in Baltimore.

The 1891 bill, called a Marcy Note, is one of only two known in existence, according to Stack’s Bowers Galleries, which auctioned the bill. It sold for $1.92 million to a private buyer during the final sale of the Joel R. Anderson Collection at the Whitman Spring Expo in Baltimore.

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The currency features the portrait of its namesake, William L. Marcy, who served as New York’s governor, a U.S. senator and war secretary under President James Polk.

The only other known Marcy note is housed in the National Numismatic Collection at Smithsonian Institution’s National Museum of American History.

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“You can’t own a rarer piece of American paper money,” Brian Kendrella, president of Stack’s Bowers Galleries, said in a statement. “The Marcy Note is the centerpiece of the Anderson Collection and we’re honored to be the first to sell it at auction.”

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