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    Description

    PMG 65 EPQ 1879 Refunding Certificate

    Fr. 214 $10 1879 Refunding Certificate PMG Gem Uncirculated 65 EPQ. When we last sold this note in January of 2008 we used the following description "Off the market since 1999, this is one of the very finest of the Fr. 214's in existence. Only one superior graded example has crossed the auction block--a PMG 66, which sold in June 2006 for well over $20,000. 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 is right behind the sole PMG 66 quality wise with terrific margins, beautiful colors, and bold original embossing that can be easily seen through the PMG EPQ holder. A note that belongs in a high-quality type set." We like the note just as much now...it's a truly exceptional Refunding Certificate.
    From the Joseph C. Thomas Collection


    Auction Info

    Auction Dates
    Apr-May, 2009
    29th-3rd Wednesday-Sunday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 1,217

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