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Description

Fr. 214 $10 1879 Refunding Certificate PCGS Fine 15. 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. The colors are quite good for the 15 grade.

Auction Info

Auction Dates
September, 2008
17th-21st Wednesday-Sunday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 1,781

Buyer's Premium per Lot:
15% of the successful bid per lot.

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Sold on Sep 19, 2008 for: Sign-in or Join (free & quick)
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