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    Condition Census Compound Interest Note

    Fr. 191a $20 1864 Compound Interest Treasury Note Extremely Fine. The known number of survivors for this issue is 56, though unlike so many other large size types, a much higher percentage of the pieces are permanently impounded in institutional collections. To date, one out of every seven pieces known is not available to collectors. This piece is one of perhaps the five finest known specimens for the grade. While the census indicates the grade as VF, we agree with Dean Oakes who listed this piece in his fixed price list as EF. Unlike most pieces extant, this piece is fully margined on three sides, bright and virtually void of damage and restoration. The paper of this issue is very brittle, thus many notes have missing pieces. A single pinhole has been closed on this particular piece. We must also note the bronze overprint is still deep and the seal and serial numbers bright.
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    Auction Dates
    September, 2006
    13th-15th Wednesday-Friday
    Bids + Registered Phone Bidders: 7
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