Skip to main content
Go to accessibility notice

    Description

    Fr. 190b $10 1864 Compound Interest Treasury Note PCGS Very Fine 20.
    Issued during the Civil War as one means of financing the conflict. This is really a circulating Legal Tender note that paid 6% interest, credited every six months, but not paid until maturity. If held for three years, the note was redeemed for the principal and accrued interest for a total of $11.94. Each note received a bronze surcharge "COMPOUND INTEREST / TREASURY NOTE / 10. Regrettably, these surcharges often oxidize and even destroy the underlying paper. This example has experienced that problem and has also apparently been in a fire as there are two missing pieces with scorched edges on both ends. Having said all of that, these historic notes are very rare today as most have been long ago redeemed, lost, or destroyed.


    Auction Info

    Auction Dates
    September, 2017
    6th-12th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 111

    Buyer's Premium per Lot:
    20% of the successful bid (minimum $19) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 20 days left to consign to the 2019 September 4 - 9 Long Beach Expo World Currency Signature Auction - !

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    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

    2019 April 25 - 29 Central States World Currency Signature Auction - Chicago
    2019 April 25 - 29 Central States World Currency Signature Auction - Chicago
    REALIZED $1,965,334