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    Extremely Rare Mid-Grade $50 Compound Interest Treasury Note

    Fr. 192b $50 1864 Compound Interest Treasury Note PMG Very Fine 30 Net.
    This note, which was last on the market at the 2004 Memphis auction, is one of only 18 examples recorded in Track & Price. This note has made a successful round trip to Pennsylvania and back and has been flawlessly restored to the appearance of a high end Very Fine. The restorations appear to be confined to the blank edges with the exception of a small area at the beginning of the word "Compound." The note has barely circulated and the vignettes have the clean, sharp look of an AU example. A highly appealing note, and one of the best looking Compound Interest Treasury 50s known to the hobby. We auctioned another PMG 30 Net in August 2016 for $129,250 and a no comment PMG 30 at our 2014 FUN auction for $141,000. Appearance wise, the $141,000 specimen was considerably nicer than this, but photo comparisons show this and the $129,250 example to be quite similar. Those two buyers now have their notes, and we would not expect a six figure realization this evening, but we could get close.

    Auction Info

    Auction Dates
    January, 2018
    3rd-9th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 920

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