Silver Certificate from 1891 Sells for $2.6 million

June 13, 2013 at 06:50

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A silver certificate worth $1,000 when it was printed in 1891 has sold at auction in California for $2.6 million.

Stack’s Bowers Galleries says the certificate is one of only two of its kind still in existence. The other is on display at the Smithsonian Institution.

Silver certificates were government-issued documents that could be exchanged for silver dollar coins. They were circulated from 1878 until 1923.

Wednesday’s sale came during the auction of 85 pieces of paper currency from a private collection. Stack’s Bowers says the sale is a record for a paper currency transaction.

The buyer wishes to remain anonymous.