Friday, August 20, 2010

US 100,000 dollars bill

Boston World's Fair of Money bring a very rare item for its exhibition, US 100,000 dollars bills, fabulous gold treasures dating back to the California Gold Rush era, rare coins including those tied to the first stirrings for America's independence and federal government securities worth more than a billion dollars. The money fair started on 10 August 2010 until 14 August 2010. More than 1,000 of the United States best coin dealers with the best inventory of coins, paper money, medals, tokens and other numismatic items gather in Boston for the largest coin show in the world.

Photo by AP: Kevin Brown displays a sheet of $100,000.

Photo by AP: US 100,000 dollars bill.

The sheets of America's largest denomination currency, the $100,000 bill, which is said to be worth about $1.6 million today. The gold certificate note, which bears President Woodrow Wilson's portrait, was used only for official transactions between Federal Reserve Banks. It was not circulated among the general public and cannot be legally held by currency note collectors.

"The reaction from kids to grandparents is universally the same: `Wow, that's a lot of money.' So, they wouldn't mind having it," Kevin Brown, manager in the marketing division of the U.S. Treasury Department's Bureau of Engraving and Printing, said while holding the $100,000 bills.

Photo by AP: Gold Ingot from SS Central Amerika.

The SS Central America, which sank in a 1857 hurricane off the coast of North Carolina with more than 400 passengers and 30,000 pounds of gold from the California Gold Rush, made its inaugural appearance in Boston. The exhibit features more than $10 million in gold treasure recovered from the ship, also known as The Ship of Gold.

The show, which already ends last week, includes a comprehensive collection of U.S. paper money that has never before been exhibited. It has coins from the Mexican War of Independence and Mexican Revolution that are being seen outside of Mexico for the first time since 1970. There also are rare coins worth several million dollars. Other historic items include one of the few known surviving copies of the Declaration of Independence printed in Boston circa July 17, 1776, and silver spoons crafted by Paul Revere.

Photo by AP: Boston World's Fair of Money.

"The economic conditions have not diminished the demand for material from the standpoint of collectors who seek and desire to own the rare and exquisite pieces," said Larry Shepherd, president of the Colorado Springs, Colo. based American Numismatic Association.

"Demand also has been fed by rich people who are increasingly willing to store some of their wealth in rare coins with a proven history of gaining value after traditional investments vehicles, including real estate and the stock and bond markets, dipped to woeful levels during the economic crisis," Shepherd said.

You can read more about this even by visiting World's Fair of Money official website.

Source: Associated Press.

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