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Rare century-old $5 Alaska bill to be auctioned

October 4, 2012 • National News


In this photo provided by Heritage Auctions, the front of a 1905 $5 bill is shown. How do you turn a $5 bill into $200,000? Let it sit around a century or so. A Dallas auctioneer is about to off a $5 bill presented in 1905 to Vice President Charles W. Fairbanks _ Theodore Roosevelt’s No. 2 _ from the First National Bank of Fairbanks, Alaska. (AP Photo/Heritage Auctions)

ANCHORAGE, Alaska (AP) — The $5 bill displayed for decades on Charles Fairbanks IV’s wall was long a treasured family heirloom from Alaska. Now, to the surprise of the grandson of a turn-of-a-century vice president, it’s also become a likely treasure trove.

The rare find is expected to fetch as much as $300,000 at auction this month when a Texas auctioneer plans to put it up for bids in Dallas and online as part of the American Numismatic Association National Money Show.

The bill was presented in 1905 to Vice President Charles W. Fairbanks — Theodore Roosevelt’s No. 2 — and was from the First National Bank of Fairbanks, Alaska. The family has had it in their possession ever Login to read more

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