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    Description

    Like New 1879 $10 Refunding Certificate

    Fr. 214 $10 1879 Refunding Certificate PMG About Uncirculated 55 EPQ.
    This interesting note was issued in an attempt to give the average citizen an opportunity to own government securities. Refunding Certificates were issued with interest accruing at four percent with no definite redemption date stated, providing an inducement to hold the notes and not cash them in. In 1907, the interest was stopped and the value set at $21.30, causing them to be redeemed. This is a type that had been extremely rare in high grade until about twenty-five years ago when a small group surfaced. That group has long since been dispersed, and high grade pieces are now seldom available.


    Auction Info

    Auction Dates
    January, 2015
    7th-12th Wednesday-Monday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 1,212

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