Special Note is the First Graded Superb Gem New 69 of Any Large Size Type

IRVINE, Calif. – Teletrade, America’s largest fully automated Internet auction company for certified coins and currency, announces the record-setting sale of an 1899 “Black Eagle” Silver Certificate. Bidding on the note advanced to $30,000 during Teletrade’s December 10 auction, but the note did not meet the reserve. A day after the sale, Teletrade sold the note to a private buyer who was previously unavailable during auction bidding.

Teletrade is not releasing the final price the buyer paid or the identity of the buyer, but will confirm the sale price was in excess of $30,000. According to Ian Russell, president of Teletrade, “This note sets records as the highest price paid for a non Serial Number One ‘Black Eagle,’ and it is the second most expensive for the type.”

This impressive note was a record-holder even before the sale, in addition to its record sale price, as it is the first large size type note of any design to receive the grade of “69PPQ” from PCGS Currency. (more…)