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    Rare Fr. 190 $10 Compound Interest Treasury Note

    Fr. 190 $10 1863 Compound Interest Treasury Note PCGS Apparent Very Fine 25.
    An important auction debut tonight for this rare "middle of the book" note. 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 redeemable in full to the tune of $11.94 only 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.


    Estimate: $10,000 - up.

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    Auction Info

    Auction Dates
    April, 2012
    18th-22nd Wednesday-Sunday
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: N/A
    Page Views: 587

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