LOT #16850 |
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Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 40.. ...
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Sold on Oct 19, 2012 for:
$7,050.00
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Description
Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 40.This attractive Refunding Certificate last appeared as part of the Tom Flynn Collection where it was described, "An always popular type and a nice high-end circulated example. 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 has the watermarked paper and the blue security stain. This paper was used for Fourth Issue Fractional currency, several Large Sized Legal Tender notes, as well as for a portion of these Refunding Certificates." It is a lovely piece with the eye appeal of a higher grade.
From The Peter D. Jones M.D. Collection
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Auction Info
2012 October 17-23 ANA Currency Signature Auction- Dallas #3520 (go to Auction Home page)
Auction Dates
October, 2012
17th-23rd
Wednesday-Tuesday
Bids + Registered Phone Bidders: 11
Lot Tracking Activity: N/A
Page Views: 1,275
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