Versions of it in poor condition go for around €2000 while ones in high grades go for between €20,000-€30,000. However, this 400 cash banknote went up for auction with an opening bid of €50,854. It was the first banknote released worldwide. The Ming Dynasty Banknote was released between 13 and is one of only two large formats to exist, the other of which is displayed in a museum. It was auctioned at the Spink auction in London, selling for an incredible €9,747. This early example of a local note had the written production date in the top corner with a portrait of Maori King Tawhiao and is a printer's archival specimen. Local notes were first issued in 1934, following the establishment of the Bank of New Zealand. New Zealand used the sterling system up until 1967, which meant that all banknotes were printed in Europe and then shipped over. If you stumble upon one of these, unlikely as that may be, the bill is likely to sell anywhere between €6,781 to €8,476.
Most of the other bills in this series are held by museums (like the $5,000 and $10,000 bills) which is why the $1,000 dollar bill is so widely sought after and valuable. Of the $1,000 dollar bills from the 1918 series, only around 150 are said to be in circulation. From banknotes issued in 1368 to rare million pound notes, we've listed some of the priciest of all time. Did you know that banknotes can be worth more than 10 times their face value? Depending on their historical context or sheer rarity, they can rapidly increase in value.