Is it a temporary blip… or the beginning of a long-term trend? That’s the key question facing consumers, investors, and retirees when it comes to inflation.
There’s no denying that inflation pressures have picked up dramatically over the past 12 months. Price spikes in commodities including copper, grains, gasoline, and lumber tell the story – as do the raging bull markets in equities and housing.
Rapidly rising prices across an array of asset classes are a symptom of excess currency creation.
As economist Milton Friedman famously noted, “Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
United States $10,000 Federal Reserve Note Realizes Record Price of $456,000
Paper Money Guaranty (PMG) realized a record-setting
$456,000 in a sale presented by
Heritage Auctions. Three other PMG-graded notes also realized prices over $100,000 at the
Central States Currency Signature Auction, held April 21-23, 2021.
The
1928 $10,000 Federal Reserve Note (Kansas City) graded PMG 30 Very Fine (lot 22175) nearly doubled its pre-auction estimate of $250,000 and up. Only 10 of these 1928 Series notes are known to have survived, including two in museums, according to Heritage. This exceptionally rare piece is also the first of these notes known from the Kansas City District.
The $456,000 price set a new record for a piece of
Central States auctions surpass $47 million at Heritage
First Reported Kansas City District 1928 $10,000 Note. Sold on Apr 23, 2021 for: $456,000.00.
DALLAS, TX
.- Fresh-to-market coins and historical rarities pushed Heritage Auctions Central States Numismatic Society (CSNS) event to $47,783,690 across several sales of U.S. coins and currency, a 42 percent increase from the auctioneer s 2020 CSNS auctions and the highest total sold in the last five years.
The sales offered more than 15,800 lots April 22-25 in Dallas where the auctions were relocated after the convention itself was cancelled. This was a season for numismatic history, said James Halperin, Co-founder of Heritage Auctions. It s no exaggeration that this year s auctions offered a once-in-a-lifetime selection for experienced collectors, the likes of which we may not see in a generation or more.
Central States Auctions Surpass $47 Million at Heritage coinweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinweek.com Daily Mail and Mail on Sunday newspapers.
Collect Historic Paper Money Designs in New Release From JM Bullion
United States sought to create paper currency designs that were worthy of attention and awe.
While most of these notes have been lost to history–with the few remaining specimens in the hands of avid collectors–options are not lost for modern collectors. Private mints have taken advances in high-definition imaging to recreate some of the nation’s greatest note designs on modern
Federal Reserve Notes. Ideal for collectors, these affordable new legal tender notes are now available to the customers of
Examples of Popular Historic Designs
Modern Federal Reserve Notes in circulation in the United States are historic in their own right, showcasing the images of the many prominent Founding Fathers and presidents who have left an indelible mark on the nation. However, it is the designs of the