LOT #15615 |
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Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 45 EPQ....
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Sold on Sep 28, 2007 for:
$8,050.00
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Description
Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 45 EPQ. With its unusual design and size, these Refunding Certificates have always been popular as type notes. 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. After that date, most were redeemed and they are quite scarce today.Auction Info
2007 September Long Beach, CA Signature Currency Auction #448 (go to Auction Home page)
Auction Dates
September, 2007
26th-28th
Wednesday-Friday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,556
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