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HomePaper MoneySpectrum Numismatics Buys $1000 "Grand Watermelon" for $1.527 Million in Heritage Sale....

Spectrum Numismatics Buys $1000 “Grand Watermelon” for $1.527 Million in Heritage Sale. VIDEO: 4:36

Michael Sadler, Auctioneer, Heritage Auctions, Peter Treglia, Currency Director, Spectrum Numismatics

Another auction record was set with the million dollar sale of one of the most celebrated bank notes in the United States.

The “Grand Watermelon” is a $1000 bill with zeroes on the back side that remind people of water melons. The front side has a portrait of Civil War General George Meade. Only five examples are known and this is one of the finest.

See the auction sale and hear Peter Treglia of Spectrum Numismatics talk about why he purchased this note and what million dollar prices mean for the paper money market.

Copyright © CoinWeek LLC. April, 2013
April 24-27, 2013 Schaumburg, IL

The Central States Numismatic Society 74th Anniversary Convention

The Central States Numismatic Society, founded in 1939, is one of the larger numismatic organizations in the United States with membership fluctuating around 2,000. CSNS, as it is known informally, operates in a 13 state Midwestern region but membership is open to residents of all states and foreign countries.

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Coinweek is the top independent online media source for rare coin and currency news, with analysis and information contributed by leading experts across the numismatic spectrum.

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2 COMMENTS

  1. I have a possible aluminum 1974d penny what are the laws on having one say if it is a real deal penny from Denver mint in 1974 which were not authorized but there has been

    • Hi Edward,

      Short answer is, according to recent legal precedent, any 1974-D aluminum cent is the sole property of the government and is illegal to privately own. They notably seized one 1974-D aluminum cent in recent years after a lengthy legal battle.

      Kind Regards,

      Hubert Walker

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