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Anybody need a $10,000 Gold Certificate? I did not have a place to put this 1900 $10,000 Gold Certificate. There is a real interesting story behind this rare note. But first let me tell you the story behind the 1900 $10,000 Gold Certificates: There was a fire on December 12, 1935 in Washington DC, and employees threw burning boxes of cancelled 1900 $10,000 Gold Certificates out the window into the street below. Most of the $10,000 gold certificates were destroyed by the fire or were water damaged by the water used to put the fire out. They were picked up by people on the streets below. Boxes of canceled high-denomination currency notes burst open. Much to everyone's dismay, they were worthless. There are several hundred outstanding, and their ownership is technically illegal, as they are stolen property. However, due to their lack of intrinsic value, the government has not prosecuted any owners, citing more important concerns. They carry a value of several thousand dollars in the numismatic market. They are the only US currency notes that has no face value. Now the story behind this note: I bought this note from a 93 year-old lady named Mrs. Ruth Garein from Pigeon Forge, TN several years ago. Her husband Robert Garein actually picked this note up off the street in Washington DC back in 1935. Not believing what they were told they mailed it in to the Treasury Department and on June 15th, 1937 they received a reply from the Assistant Treasury. I have enclosed the letter along with the original newspaper clipping. This note is one of the rare 1900 $10,000 gold certificates that has not been “Punch Cancelled” by the government. My last count there were less that 10 known that were not punch cancelled. This is also one of the few that showed no water damage. You can see that it was folded up and put away. What a cool piece of Americana history for the collecting community. This is a real National Treasure.

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