Record Price of $2.5 Million Paid for 1891 $1000 Bill at Heritage Auction. VIDEO: 4:46.

Michael Sadler, Auctioneer, Heritage Auctions. In a room full of the most serious collectors and dealers in United States paper money a record price of $2,585,000 was paid for an 1891 $1000 Treasury Note. This is one of only two known for the design and the only example available for collectors. The lot opened at $1,150,000 and after spirited bidding set a record price. More news and video about coin and paper money collecting at: http://coinweek.com.