LOT #16697 |
Sold on May 7, 2005 for: Sign-in
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Fr. 214 $10 1879 Refunding Certificate Choice About New. A single, light fold holds this glorious-looking Refunding Certific...
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Description
Fr. 214 $10 1879 Refunding Certificate Choice About New. A single, light fold holds this glorious-looking Refunding Certificate from the Gem grade. 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 fifteen years ago when a small group surfaced. This piece can be traced to that group.Auction Info
2005 (CAA) St. Louis, MO (CSNS) Signature Sale #374 (go to Auction Home page)
Auction Dates
May, 2005
5th-7th
Thursday-Saturday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
Page Views: 1,082
Buyer's Premium per Lot:
15% of the successful bid per lot.
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