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    Description

    1863 $10 Compound Interest Note, Fr-190b, Dec 15, 1864, Fine-VF. A rare and interesting note that is seldom available. This is actually a circulating Legal Tender note that bore interest at six per cent and was redeemable in full only at the end of the three year circulating period. The table on the back shows how interest was earned over that period. As the Civil War raged on and the country sank deeper into debt financing the war, these notes were issued to help raise much needed funds. These were issued in $10, $20, $50, $100, $500, and $1000 denominations, with the $50 and above denominations extremely rare and desirable. Even lower denominations are very rare in high grade. The gold overprint is quite strong but broken through in numerous places from the folds, but above average for this issue. There are several edge tears but the note is solid with good remaining crispness and strong color. For those desiring something neat and out of the ordinary, this beautiful and rare note deserves strong consideration.

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    Auction Info

    Auction Dates
    July, 2000
    15th Saturday
    Internet/Mail Bids: 1
    Lot Tracking Activity: N/A
    Page Views: 255
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