Talk about inflation, sort of. A five dollar bill in 1910 is now worth between $50,000 and $100,000. But not just any five dollar bill will do. It has to be the very first one ever issued by the Bank of Vancouver, which only operated from 1910 to 1914.
It almost looks like play money – one of those personalized fake bills you can have done up with your name or picture. I mean where else can you see a bill with 000001 for a serial number?
But just like that crazy $1 million dollar gold coin that’s expected to go for at least $4 million, this unique five spot is also being auctioned off. That’s where the $50K-$100K comes in. Be curious to see what both actually end up fetching.
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Apparently only nine Bank of Vancouver notes have survived and are still in existence – six fives, two 10s and one 20. Three of the bills are in the National Currency Collection in Ottawa, Canada, while the other six are in private hands, with one set of hands about to change. Moore explained, “I have received calls from three people in Vancouver, two of them very well known… I can’t tell you who out of confidentiality, but you would know their names. There’s another very prominent Canadian banknote collector who lives in Texas who is flying up for the sale who has spent millions of dollars on banknotes. It should be quite an auction.”
Talk about a bunch of money to buy a lonely little five spot. I think I might prefer that big coin instead. More durable too since coin currency lasts forever by comparison. Kinda makes me wonder why we don’t instead use coins for larger denominations and bills for pennies, especially since no one uses pennies much anymore anyway. And this way, all those paper pennies could just biodegrade after a use or two, instead of filling up someone’s old peanut butter or pickle jar.
