Revere police seized $725,000 in cash and 2 kilograms of suspected cocaine when they searched the Winthrop home of a man they have been investigating for alleged drug dealing in the North Shore city, authorities said.

Police believe the cash is the single largest amount of money recovered in the history of the department, which traces its beginning to around 1865.

Peter Degan, 61, was arrested by Revere police on charges of distributing cocaine and trafficking in cocaine on Tuesday. On Wednesday, Revere police obtained a search warrant and recovered the cash and suspected drugs from Degan’s Winthrop home, police said.