First issued in 1890, Treasury Notes were large pieces of paper currency, offered in several denominations that represented an equal amount of silver. The largest denomination was the $1,000 TreasuryNote that featured Union General George Meade on the obverse. The note was nicknamed the "Grand Watermelon Note because the large, rounded zeroes on its back were green and had an intricately engraved texture that resembled a melon's rind. The design was so unpopular with the public and widely criticized by everyone - including those at the Treasury Department - that they quickly made plans to alter the design as soon as possible.
Only 28,000 of these watermelon notes were ever printed, and only 7 are known to exist today. Classified as a "Legendary Rarity, the 1890 Grand Watermelon Noteshattered previous auction records when it became the first U.S. currency note to cross the $1 Million mark at auction in 2005. Then, in 2014, the Grand Watermelon Note once again made history when itsold for an astounding $3.29 Million!
Luxuriously layered in 24k gold and minted to the highest quality "Proof standard, this AMERICAN MINT EXCLUSIVE coin features a full-color reproduction of the 1890 Series $1,000 Treasury Note. Framing the photo-realistic inset is a highly detailed engraving of General George Meade just as he appears on the obverse of the original banknote. The coin's reverse features a full-color print of the back of the note with the "Grand Watermelon design that distinguishes the 1890 series from the following years.
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