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    Description

    Attractive PMG Graded Very Fine 30 $20 Compound Interest Treasury Note

    Fr. 191a $20 1864 Compound Interest Treasury Note PMG Very Fine 30.
    Outstanding color for the type and, unlike most Compound Interest Treasury Notes, the overprint has retained its golden metallic color. Typically this overprint cracks the paper over the years, but there is not a hint of a crack on this lovely high end Very Fine 30 note. Compound Interest Treasury Notes were authorized under the act of June 30, 1864, with this piece issued on October 15th of that year. It is a lovely example with great eye appeal, far brighter than one would expect for the grade and quite well margined as well. PMG does note minor repairs, and they are just that, as a couple of repaired edge splits on the bottom are visible when the note is candled. Fr. 191a is the most available of the $20 "middle of the book" Interest Bearing and Compound Interest Notes, but most of the notes seen are considerably inferior to this piece, both in technical grade and due to heavy restoration. The eye appeal of this note, combined with its PMG VF 30 grade, should produce a realization near the $12,500 level.
    From the Coral Gables Collection, Part II


    View all of [The Coral Gables Collection, Part II a ]

    Auction Info

    Auction Dates
    January, 2020
    8th-14th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 6
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