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    Fr. 191a $20 1864 Compound Interest Treasury Note

    Fr. 191a $20 1864 Compound Interest Treasury Note PMG Very Fine 30.
    An elusive note purchased at auction by our consignor in 1986. The bronze overprint is bold on this white paper and dark ink example. Patriotic vignettes include Victory at left and a mortar at bottom center. President Lincoln's portrait is at right. The back design has an interest table that tells us that this note had a redemption value of $23.88 at the end of its three year term. This is one of the better Fr. 191a notes in private hands as about three-fourths of the known pieces have recorded grades below 30. This specimen does have minor restoration, but it is still a nice representative. Both sides are plated on page 39 of the Chambliss-Hessler reference. The last 191a to cross our auction block was a PMG 25 Net, repaired that realized $10,200 in January 2018.
    From the C.R. Chambliss Collection


    View all of [The C. R. Chambliss Collection ]

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    Auction Info

    Auction Dates
    Apr-May, 2018
    25th-1st Wednesday-Tuesday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
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