Steven Averett, Content Director, Waste Group

November 1, 2008

1 Min Read
What's In Your Shredder?

Doing a little spring cleaning around the house? Always a good idea. Finding a rare bill worth more than $300,000 in the process? Priceless.

Though the name of the bill's finder was not released, sources say the bill literally fell from a stack of papers that were being tossed as a family cleaned out the office of a deceased relative. The exceptionally rare $500 Canadian bill dating from 1911 and featuring the likeness of Queen Mary is only the third still known in existence. It survived the Great Depression, two world wars and a potential trip to the shredder to wind up on the auction block. There the note exceeded initial final bid estimates, selling for $322,000 U.S. dollars, the largest sum ever paid for a Canadian banknote.

That's roughly $10,000 dollars for every potential shred.

SOURCE: CBC News

About the Author(s)

Steven Averett

Content Director, Waste Group, Waste360

Steven Averett joined the Waste Age staff in February 2006. Since then he has helped the magazine expand its coverage and garner a range of awards from FOLIO, the American Society of Business Publication Editors (ASBPE) and the Magazine Association of the Southeast (MAGS). He recently won a Gold Award from ASBPE for humor writing.

Before joining Waste Age, Steven spent three years as the staff writer for Industrial Engineer magazine, where he won a gold GAMMA Award from MAGS for Best Feature. He has written and edited material covering a wide range of topics, including video games, film, manufacturing, and aeronautics.

Steven is a graduate of the University of Georgia, where he earned a BA in English.

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