Announcement: Tuesday Internet Currency Auctions move to Heritage Live!

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Lot
16679

Fr. 193b $100 1864 Compound Interest Treasury Note Fine. Seventeen notes are recorded in the census, five of which are defin...

2005 (CAA) St. Louis, MO (CSNS) Signature Sale #374

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Auction Ended On: May 7, 2005
Item Activity: 4 Internet/mail/phone bidders
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Location: St. Louis, MO
Description:
Extremely Rare $100 Compound Interest Treasury Note
Fr. 193b $100 1864 Compound Interest Treasury Note Fine. Seventeen notes are recorded in the census, five of which are definitively counterfeit, and three others have to be considered suspicious as they have not reached the market in many years. The finest known genuine example is an Extra-Fine that we handled in 1998. The presently offered note was called "restored" when it was sold by Bowers as part of the Harry Bass Research Foundation Collection in 1999. At that sale, it realized $43,700. We have examined this note with extreme care and have found no evidence of restoration. There are a few small holes where the bronzing has eaten through the paper, and, had the note been sent to the only professional restorer capable of doing sophisticated, undetectible work, these holes would certainly be gone. In any event, if there are any restorations, they are of an extremely minor variety and we simply can not find them. Much of the metallic bronze of the overprint has flaked away over the years, but the note has avoided the corrosion that generally plagues all denominations of these heavily bronzed, Compound Interest Treasury notes. The note has an illustrious pedigree having been part of the F.C.C. Boyd Collection, the Robert Friedberg Collection, then to Harold Bareford, Robert Schermerhorn, and on to Harry Bass. This piece is well margined, solid, and most attractive for the grade. We would not be at all surprised if it far surpasses its estimate of...

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