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    Very Rare $5000 Temporary Loan of 1862

    Fr. UNL Hessler X134D $5000 Temporary Loan of 1862 Philadelphia Office of the Assistant Treasurer of the United States Extremely Fine. Hessler gives the X134D number his highest rarity rating of R8, 1 to 3 known. Assistant Treasurers were authorized to receive deposits of not less than $100 for a term of not less than 30 days. In return, they would issue a certificate of deposit earning 5% per annum. A red printing on the face of this certificate states the 30 day factor plus it was also payable in Legal Tender Notes. In order to get your money back you had to turn in your certificate of deposit. This resulted in the extreme rarity of these certificates. This is an unsigned and undated remainder that has kept its registry stub. It exhibits light even wear and nice color throughout. This example has an approximate three-fourths of an inch hole cancel. It was also once mounted and its removal has left glue residue and a couple of skin marks behind along with a loss of paper in the lower right corner. Paper loss is noted at right, while the lower left corner is rounded, and a couple of small edge splits are mentioned for cataloging accuracy. Nonetheless, this is a great and unusual financial instrument.

    Estimate: $15,000 - up.

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    Auction Info

    Auction Dates
    April, 2008
    16th-18th Wednesday-Friday
    Bids + Registered Phone Bidders: 0
    Lot Tracking Activity: N/A
    Page Views: 424

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