2023

Rare 1864 $50 Compound Interest Treasury Note Fr. 192b. 1864 $50 Compound Interest Treasury Note. PM

Currency:USD Category:Coins & Paper Money Start Price:13,000.00 USD Estimated At:50,000.00 - 70,000.00 USD
Rare 1864 $50 Compound Interest Treasury Note Fr. 192b. 1864 $50 Compound Interest Treasury Note. PM
SOLD
44,000.00USDto m******n+ (8,800.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2018 Mar 09 @ 18:25UTC-6 : CST/MDT
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Rare 1864 $50 Compound Interest Treasury Note Fr. 192b. 1864 $50 Compound Interest Treasury Note. PMG Very Fine 25 Net. Restoration. A tremendous rarity and a catalog number missing in even advanced collections. Track & Price shows a mere 18 serial numbers in their census information and appealing mid-grade notes such as this are at the top of the scale in terms of quality. Nearly all have been subject to some manner of restoration, a trait which is carried with this piece as work, mostly limited to the margins, is observed. The overall appeal rivals that of a higher Very Fine grade with still sharp detail throughout and bold overprinting. The last to sell publicly was a PMG Very Fine 30 Net; a restoration piece with the serial number 220912 that sold for $66,000 in a January sale earlier this year. The current note in our opinion is just as attractive while retaining better gold color of the bronzed overprinting. These notes have routinely sold for north of six figures in only slightly finer grades and as offerings are seldom, this opportunity cannot be overstated.