PCGS Banknote Grades Ultra-Rare $1,000 Grand Watermelon Note

PCGS_SocialMedia · July 9, 2020 10:41AM

The finest-known example of the ultra-rare 1890 $1,000 “Grand Watermelon” Treasury Note, which in 2005 became the first banknote to bring $1 million at auction, has been certified and graded by PCGS Banknote! The $1,000 note, commonly referred to as a "Grand Watermelon," is extremely rare and given the large face value of this 1890-vintage note – $1,000, roughly equivalent to $29,000 today – it was scarcely seen outside of interbank commerce. This rarity, cataloged by banknote experts Arthur L. and Ira S. Friedberg as Fr.379a, saw a tiny printing of only 16,000 and just two are known today and available in private hands.

https://www.pcgs.com/news/pcgs-banknote-grades-ultra-rare-1000-dollar-grand-watermelon-note