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    Description

    Very Rare $10,000 Temporary Loan of 1862

    Fr. UNL Hessler X134E $10,000 186_ Temporary Loan of 1862 St. Louis Office of the Assistant Treasurer of the United States Remainder PMG Very Good 10 Net.
    Hessler gives the X134E 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. Nonetheless, it is a great and unusual financial instrument from the early days of the Civil War. Patriotic vignettes are Zouave and The Eagle's Nest. Though the third party label says that this was issued at the "District of Columbia, Washington," in actuality, this example has the office of "St. Louis" printed on it.


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    Auction Dates
    January, 2019
    9th-14th Wednesday-Monday
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