Description: $20 1864= Fr.191a=RARE=COMPOUND INTEREST TREASURY NOTE=PCGS VERY FINE 30This is an absolutely iconic and aesthetically-pleasing Compound Interest Treasury Note. This note remains historically significant as the United States Treasury Department in 1863 and 1864 released these. The CITNs could be used as face value or could accrue interest for up to three years. At that time the government was giving six percent annual interest compounded semi-annually. The value of this note if redeemed after 3 years would of been $23.88. The interest table is displayed on the back. This note bears impeccable artistry including vignettes of Victory at the left with a mortar at center and President Lincoln on the right. Only 25% of the CITNs from this Friedberg number have been graded higher, while the majority fall within the VF range or lower. Of course, many of these have objectionable flaws which often result in a net or apparent designation. PCGS comments 'restorations' on the back of this note which refers to a couple professionally sealed internal splits that barely detectable.Executive Currency has been proud to offer quality collectibles at competitive prices since 1981. To learn more about the US Paper Money, US Coins, and Historical Relics offered by Frederick Bart and Bianca Bart, please connect with us and view other eBay listings by user bartinccor to see more offerings from Executive Currency.
Price: 32340 USD
Location: Roseville, Michigan
End Time: 2025-01-09T15:58:06.000Z
Shipping Cost: 0 USD
Product Images
Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Certification: PCGS Currency
Grade: 30
Series Year: 1864
Year: 1864
Circulated/Uncirculated: Circulated
Country: United States
Country/Region of Manufacture: United States
Category: Compound Interest Treasury Notes
Denomination: $20
Aureus Product Reference: 545953
