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    Description

    Solid Problem-Free $20 Compound Interest Treasury Note

    Fr. 191a $20 1864 Compound Interest Treasury Note PMG Very Fine 30. This lovely Compound Interest Treasury was from the Malcolm Trask Collection, which we sold at the 2005 FUN show. The note was authorized under the act of June 30, 1864 and issued on December 15, 1864, and this solid, problem-free note has not a hint of a defect or restoration. It's far brighter than one would expect for the grade and quite well margined. The bronze overprint has darkened somewhat but has not even begun to crack the paper, as so often happens on this type. Fr. 191a is the most available of the $20 "middle of the book" Interest Bearing and Compound Interest Notes, but most of the notes seen are considerably inferior to this piece, both in technical grade and due to heavy restoration. The eye appeal of this note, combined with its PMG 30 grade, should produce a realization near the $25,000 level.
    From The Peter Gamble Collection.


    View all of [The Peter Gamble Collection ]

    Auction Info

    Auction Dates
    January, 2008
    10th-12th Thursday-Saturday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
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