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Description

Fr. 214 $10 1879 Refunding Certificate PMG Very Fine 25. PMG has commented with regards to a minor restoration which is quite difficult to detect on this pleasing note 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 many of them to be redeemed.

Auction Info

Auction Dates
January, 2010
7th-11th Thursday-Monday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 1,182

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

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Sold on Jan 9, 2010 for: $3,220.00
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