Skip to main content
Go to accessibility notice


    Fr. 191 Twenty Dollar 1864--The Finest Known

    Fr. 191 $20 1864 Compound Interest Treasury Note Choice Extremely Fine. Sold by us in January 2001 where it was described: "An utterly spectacular note and one of only three examples known. Neither of the other two is traced, both of which are listed by serial number only, one without a grade and the other graded as 'Poor.' This piece is a perfectly natural, utterly unrestored Extra Fine. The note is unbelievably broadly margined, perfectly centered on both sides, and beautifully bright in inks, paper, and bronze. The bronze remains fully golden, without a hint of tarnish or age. In fact, this piece is among the top two or three finest examples known for the type, even when the infinitely more common (just over 50 known) Fr. 191a is considered. This was the Grinnell note, sold by Barney Bluestone, in November 1944, and it was subsequently owned by F.C.C. Boyd, Robert Friedberg, and Amon Carter. An incredibly important piece, and the first opportunity in decades for any collector to add a Fr. 191 to his holdings." The poor example came to the market at virtually the same time as this note sold, but this is the only auction appearance of a Fr. 191 since this note last realized $57,750, a number which it may approach again this evening.

    Shipping, Taxes, Terms and Bidding
    Calculate Standard Domestic Shipping

    Sales Tax information

    Important information concerning Sales Tax and Resale Certificates. Learn More

    Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    February, 2005
    18th-19th Friday-Saturday
    Bids + Registered Phone Bidders: 12
    Lot Tracking Activity: N/A
    Page Views: 539

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

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

    Heritage membership

    Join Now - It's Free

    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
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 11 days left to consign to the 2019 April 24 - 29 Central States Currency Signature Auction - Chicago!

    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 receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 January 10 - 14 FUN World Currency Signature Auction - Orlando
    2019 January 10 - 14 FUN World Currency Signature Auction - Orlando
    REALIZED $2,431,467