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Spring 2022 Baltimore Auction – 4 - 8 April 2022

US Coins and Currency

Part 1: Mo, 04.04.2022, from 7:00 PM CEST
Part 2: Tu, 05.04.2022, from 6:00 PM CEST
Part 3: Tu, 05.04.2022, from 11:00 PM CEST
Part 4: Tu, 05.04.2022, from 11:00 PM CEST
Part 5: We, 06.04.2022, from 9:00 PM CEST
Part 6: Th, 07.04.2022, from 6:00 PM CEST
Part 7: Fr, 08.04.2022, from 12:00 AM CEST

The auction is closed.

Lot 20097

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Fr. 214. 1879 $10 Refunding Certificate. PMG Very Fine 30.

An interesting pie...

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Description

Fr. 214. 1879 $10 Refunding Certificate. PMG Very Fine 30.

An interesting piece of Untied States banknote history. These refunding certificates were issued with an annual interest rate of 4% per year, and were meant to accrue interest indefinitely. This was an incentive for the public to hold on to these notes and not redeem them. Unfortunately in 1907, Congress stopped the annual indefinite interest on these notes. By 1907 these notes had earned $11.30 in interest, making them worth more that double face value. PMG comments "Minor Restoration."

Estimate: $3000.00 - $4000.00

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Bidding

Price realized	3'600 USD
Starting price	1'800 USD

The auction is closed.