The E-Sylum:  Volume 9, Number 13, March 26, 2006, Article 14

JP MORGAN CHASE ARCHIVES $10,000 BILL

An article by Todd Haefer in the March 23 Numismatic eNewsletter
from Numismatic News describes how a rare $10,000 note came
into the possession of JP Morgan Chase bank.  An interesting
tidbit at the end of the article hints that the company may be
considering forming a numismatic museum.

"The large bill, issued from Chicago, was discovered in a bank
customer's safety deposit box after the owner died 20 years ago.
The woman's family exchanged the note at face value at that time
and the bank stored the bill in a plastic sleeve for protection.
Now, 20 years later, the bill is worth between $50,000-$85,000."

"Marc Michaelsen, a paper money dealer based in Boca Raton, Fla.,
said government figures he has seen show that there are 334
unredeemed $10,000s. Of those, dealers have recorded about 200.

Coleman said while the Chase archives are currently available
only to employees, there is discussion about starting a money
museum."

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[It would be a curious turn of events to see a new numismatic
museum coming about under the auspices of the new JPMorgan
ownership so many years after the dispersal of the wonderful
Chase Manhattan Money Museum.  I wonder if the current management
is event aware that there was such a thing at one time. -Editor]

  Wayne Homren, Editor

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