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    Description

    Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 40.
    This attractive Refunding Certificate last appeared as part of the Tom Flynn Collection where it was described, "An always popular type and a nice high-end circulated example. 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 piece has the watermarked paper and the blue security stain. This paper was used for Fourth Issue Fractional currency, several Large Sized Legal Tender notes, as well as for a portion of these Refunding Certificates." It is a lovely piece with the eye appeal of a higher grade.
    From The Peter D. Jones M.D. Collection


    View all of [The Peter D. Jones M.D. Collection ]

    Auction Info

    Auction Dates
    October, 2012
    17th-23rd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
    Page Views: 1,216

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