- More
Fr. 190 $10 1863 Compound Interest Treasury Note PCGS Very Fine 25.. ...
Click the image to load the highest resolution version.Description
Fr. 190 $10 1863 Compound Interest Treasury Note PCGS Very Fine 25.In 2005, this piece graced the pages of our September Long Beach Signature Auction catalog. At the time, it was described, "This is the rarest of the Ten Dollar Compound Interest Treasury Notes, bearing the issue date of June 10, 1864. Only ten examples are known, and this is one of the two finest. 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. Even lower denominations are very rare in high grade. The gold overprint has flaked off somewhat, but there is no paper loss, and the note is far above average for this issue. It's an incredibly attractive note for the type, 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." Later that year, another example realized $9,200 at auction. That piece was also graded Very Fine 25 by PCGS and was the last piece offered at public auction to date. With no offerings in the last half decade for this rare $10 Compound Interest Note, expect another realization of at least...
Auction Info
Buyer's Premium per Lot:
15% of the successful bid (minimum $14) per lot.
Calculate Standard Domestic Shipping Sales Tax information
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial
Floor auctions
Open for bidding: (View All)Fine Art
Ends on 07/23/2019
Movie Posters
Ends on 07/27/2019
Comics & Comic Art
Ends on 08/01/2019
Decorative Art
Ends on 08/08/2019
Comics & Comic Art
Ends on 08/13/2019
US Coins
Ends on 08/14/2019
World & Ancient Coins
Ends on 08/15/2019
Currency
Ends on 08/15/2019
Sports Collectibles
Ends on 08/17/2019
Sports Collectibles
Ends on 08/23/2019
Luxury Real Estate
Opens about 06/13/2019
Nature & Science
Opens about 08/05/2019
Rare Books
Opens about 08/16/2019
US Coins
Opens about 08/16/2019
World & Ancient Coins
Opens about 08/12/2019
Currency
Opens about 08/16/2019
Currency
Opens about 08/16/2019
Rare Books
Opens about 08/16/2019
Fine Art
Opens about 08/16/2019
Decorative Art
Opens about 08/19/2019
Fine Art
Opens about 08/19/2019
US Coins
Opens about 08/22/2019
Decorative Art
Opens about 08/22/2019
Decorative Art
Opens about 08/22/2019
Heritage membership
- Past Auction Values (prices, photos, full descriptions, etc.)
- Bid online
- Free Collector newsletter
- Want List with instant e-mail notifications
- Reduced auction commissions when you resell your
winnings
- Cash Advances
- More Bidders
- Trusted Experts
- Over 200,000 Satisfied Consignors Since 1976
Learn about consigning with us
Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.View More Testimonials
HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)
Video tutorial
Getting the most out of search
Recent auctions
