BINION HORSESHOE CASINO DISPLAY $10,000 NOTE

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V24 2021 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 24, Number 4, January 24, 2021, Article 35

BINION HORSESHOE CASINO DISPLAY $10,000 NOTE

Sydney Masters writes:

"I thought you might be interested in a 1934 $10,000 bill that was just obtained by M.S. Rau in New Orleans, Louisiana.

"I found out from Bill Rau, the owner, that they procured the bill from a partner and there is an interesting twist to the story. There were 100 $10,00 bills in the gold arch and they were all glued to the glass. When they were removed, 80 or so of them were damaged and had to be restored because they'd gotten torn. The one that M.S. Rau has was one of the 10 bills that did not have to be restored, which is part of the reason it has a higher grade.

"Additionally, on a side note, Johnny Cash had a lot of these specific bills but not sure if Johnny Cash owned this particular bill but it is likely."

Here's an excerpt from the Rau site, with a photo from Wikipedia. -Editor

The highest denomination currency ever to publicly circulate, this 1934 $10,000 bill is one of only a handful still known to exist. The extraordinarily rare bill features the portrait of President Lincoln's Secretary of the Treasury, Salmon P. Chase. A true collector's item, almost all $10,000 notes have been removed from circulation and destroyed by the Federal Reserve, though some are still held in museum collections such as the Museum of American Finance in New York.

This particular bill was once a part of the famed Binion Hoard, a collection of one hundred $10,000 bills totaling $1 million that were displayed in Binion's Horseshoe Casino, the most famous Las Vegas casino of its day. Its owner, Benny Binion, erected the much-publicized display of bills in 1964, embedding them in bulletproof glass beneath a gigantic horseshoe. The publicity stunt paid off, as Binion's Hoard became one of the most visited tourist attractions in Las Vegas.

The rare bill is marked with serial number "B00003066A" and has earned a coveted "Choice Uncirculated" quality grade.

To read the complete item description, see:
U.S. $10,000 FEDERAL RESERVE NOTE (https://rauantiques.com/collections/recent-acquisitions/products/u-s-10-000-federal-reserve-note?variant=34805243248775)

To read earlier E-Sylum articles, see:
ARTICLE TRACES HISTORY OF LAS VEGAS' MILLION-DOLLAR MONEY DISPLAY (https://www.coinbooks.org/esylum_v12n48a17.html)
QUERY: COIN DEALER JAY PARRINO (https://www.coinbooks.org/esylum_v12n49a11.html)

E-SYLUM READERS AT BINION'S HORSESHOW CASINO (https://www.coinbooks.org/esylum_v13n01a16.html)
NOTES FROM E-SYLUM READERS: FEBRUARY 22, 2015 : Binion's Horseshoe Casino $10,000 Notes (https://www.coinbooks.org/esylum_v18n08a10.html)

Wayne Homren, Editor

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

To subscribe go to: https://my.binhost.com/lists/listinfo/esylum

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