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Fr. 214 $10 1879 Refunding Certificate PCGS Choice About New 55.. ...
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Sold on Jan 11, 2013 for:
$7,637.50
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Description
Attractive 1879 Refunding Certificate
Fr. 214 $10 1879 Refunding Certificate PCGS Choice About New 55.A single, light fold holds this glorious-looking Refunding Certificate from the Gem grade. This interesting note was issued in an attempt to give the average citizen an opportunity to own government securities. Refunding Certificates were issued with interest accruing at four percent with no definite redemption date stated, providing an inducement to hold the notes and not cash them in. In 1907, the interest was stopped and the value set at $21.30, causing them to be redeemed. This is a type that had been extremely rare in high grade until about fifteen years ago when a small group surfaced. This piece can be traced to that group.
From The Greensboro Collection
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Auction Info
2013 January 9-14 Currency FUN Signature Auction - Orlando #3521 (go to Auction Home page)
Auction Dates
January, 2013
9th-14th
Wednesday-Monday
Bids + Registered Phone Bidders: 4
Lot Tracking Activity: N/A
Page Views: 1,417
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