Skip to main content
Go to accessibility notice

    Description

    $20 1863 Interest Bearing Note

    Fr. 197 $20 1863 Interest Bearing Note Fine. This is one of only nine serial numbers reported and a piece that traces its provenance back to a December 1955 purchase by Dallas oilman Robert F. Schermerhorn. In fact, at one time Schermerhorn owned two of these rarities. The note presented tonight has nice color and eye appeal while exhibiting professional restoration upon close examination. Also, an approximate quarter inch top edge tear is noticed. The reference works make the distinction between Fr. 197 and Fr. 197a as Fr. 197's having been printed by the American Bank Note Company and Fr. 197a as being printed by the BEP. Either a third variety exists or the references are wrong. Both this note and the only other two Fr. 197s that we have handled have both the American Bank Note Company imprint on the left and the National Bank Note Company imprint at the bottom under the Act date. We sold the Taylor Family example of this Friedberg number in VF in February 2005 for $63,250.

    Auction Info

    Auction Dates
    January, 2007
    4th-6th Thursday-Saturday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 1,381

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $9) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2020 April 22 - 27 Central States Currency Signature Auction - Chicago.

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 December 4 - 6 HKINF World Paper Money Signature Auction - Hong Kong
    2019 December 4 - 6 HKINF World Paper Money Signature Auction - Hong Kong
    REALIZED SO FAR $1,665,925