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Auction Name: 2021 October 6 - 8 Long Beach Expo US Currency Signature® Auction

Lot Number: 21297

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Fr. 368 $10 1890 Treasury Note PMG Choice Uncirculated 64.
An Ornate Back $10 Treasury Note, this type is payable in coin, with gold or silver coin being at the discretion of the Secretary of the Treasury. Most bearers preferred to be paid in gold, which caused trepidation within the Treasury Department, as gold reserves often ran low during this period due to the added export demand for gold coins. However, the Treasury Department did use this class of notes to buy silver bullion from the mining interests in the West. In the late 1890s, production of Treasury Notes slowed and then stopped as a concerted effort was made to retire this class of notes quickly. The piece in this lot is a solid, problem free note of this coveted type. Sharp printing, dark inks, and bright paper add to this example's impressive eye appeal.
From the Snapple Collection

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