LOT #16847 |
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Fr. 190 $10 1863 Compound Interest Treasury Note PCGS Apparent Very Fine 25.. ...
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Sold on Oct 19, 2012 for:
$7,050.00
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Description
Fr. 190 $10 1863 Compound Interest Treasury Note PCGS Apparent Very Fine 25.This is by far the rarest of the $10 Compound Interest Treasury Notes, with this note bearing the issue date of June 10, 1864. Only thirteen examples are known, with just two having higher grades. The other two Friedberg numbers associated with this design are 190a and 190b, and their populations stand at 23 and 95 examples respectively. This was actually a circulating Legal Tender note that bore interest at six per cent and was only redeemable in full (to the tune of $11.94) at the end of the three year circulating period. As the Civil War raged on and the country sank deeper into debt financing the war, this class of notes in $10, $20, $50, $100, $500 and $1000 denominations was issued by an act of Congress to help raise much needed funds. An apparent grade was given for damage and repairs, pieces missing and added, and the design redrawn. The pieces missing and added are all small, and we are still looking for the redrawn design feature. A rare and attractive note that deserves strong consideration.
Auction Info
2012 October 17-23 ANA Currency Signature Auction- Dallas #3520 (go to Auction Home page)
Auction Dates
October, 2012
17th-23rd
Wednesday-Tuesday
Bids + Registered Phone Bidders: 2
Lot Tracking Activity: N/A
Page Views: 1,241
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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