Rare $20 Bill With Del Monte Banana Sticker Sells for Record-Breaking $396,000 at Auction

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ICARO Media Group
News
17/12/2023 23h12

In a surprising turn of events, a $20 bill featuring an unexpected Del Monte banana sticker has recently set a new record as the most valuable error banknote ever sold. The unique currency, known as "The Del Monte Note," fetched an astounding $396,000 at an auction, captivating collectors and enthusiasts alike.

The intriguing story behind this unusual bill begins in the summer of 2004 when a college student from Ohio visited an ATM to withdraw cash. Expecting a regular $20 note, they were taken aback to find it adorned with a Del Monte banana sticker alongside President Andrew Jackson's face. Seizing the opportunity, the student later decided to sell the bill on eBay, where it fetched an impressive $10,000 after attracting 12 bids, according to Numismatic News.

Speculations surround the origin of the banana sticker on the bill, with some suggesting that it was intentionally placed by an employee at the Bureau of Engraving and Printing's Fort Worth, Texas facility. However, the exact circumstances of how the sticker ended up on the bill remain unknown. It is believed that the sticker was affixed during the printing process, after the first two prints but before the addition of the serial number and Treasury seal during the third print.

Over the years, "The Del Monte Note" became highly sought-after by collectors, leading to its first auction in January 2006, where it sold for an impressive $25,300, as reported by Heritage Auctions. Recently, this rare bill returned to the auction block, attracting nearly 50 bids and ultimately selling for a jaw-dropping $396,000. The auction was a fierce battle, with a determined phone bidder and two live internet bidders competing for ownership of this remarkable piece of currency history.

Dustin Johnston, the director of auctions for Heritage Auctions, hailed the sale as a groundbreaking moment in the world of rare banknotes. This coveted $20 bill now holds the distinction of being the most valuable error banknote ever sold, further solidifying its status as an exceptional collectible.

"The Del Monte Note" serves as a prime example of the allure of error prints and unique variations in currency. Over the years, other banknotes have featured peculiar obstructions such as Band-Aids, paper fragments, tape, and wood shavings, as documented by Heritage Auctions. These one-of-a-kind incidents have captured the imagination of collectors and garnered significant interest in the world of currency enthusiasts.

While it's unlikely that the average individual will stumble upon such a valuable banknote in their wallet or piggy bank, the importance of seeking expert opinions from verified currency experts cannot be overstated. For those who believe they possess a special banknote or collectible coin, it is advisable to consult experts or consider avenues like eBay to gauge the item's worth.

"The Del Monte Note" serves as a testament to the allure and excitement surrounding rare and unique banknotes, igniting the passion of collectors around the world and setting a remarkable record in the process.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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