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    Description

    Excessively Rare $10,000 St. Louis Temporary Loan Certificate

    Fr. UNL Hessler X134E $10,000 186_ Temporary Loan of 1862 St. Louis Office of the Assistant Treasurer of the United States Remainder PMG Fine 12 Net.
    A moderately circulated example of this very rare Temporary Loan Certificate. Hessler gives the X134E number his highest rarity rating of R8, 1 to 3 known. Assistant Treasurers were authorized to receive deposits of not less than $100 for a term of not less than 30 days. In return, they would issue a certificate of deposit earning 5% per annum. A red printing on the face of this certificate states the 30 day factor and that the instrument is payable in Legal Tender Notes. In order to get your money back, you had to turn in your certificate of deposit, resulting in the extreme rarity of these certificates. This is an unsigned and undated Remainder that has had some repair work according to PMG. Nonetheless, it is a great and unusual financial instrument from the early days of the Civil War.


    Auction Info

    Auction Dates
    April, 2021
    21st-23rd Wednesday-Friday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
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