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    Description

    Fr. 214 $10 1879 Refunding Certificate PMG Choice Fine 15 NET. PMG has noted, "Repaired Splits." They are not particularly distracting, and this should prove to be an affordable example of a much scarcer type. 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. They're quite scarce today in all grades.

    Auction Info

    Auction Dates
    April, 2008
    16th-18th Wednesday-Friday
    Bids + Registered Phone Bidders: 7
    Lot Tracking Activity: N/A
    Page Views: 1,005

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