LOT Old Heritage Auctions  /  2007 Sept Long Beach, CA Sig Currency #448  / 

15612

Fr. 191 $20 1864 Compound Interest Treasury Note

Currency:USD Category:Coins & Paper Money Start Price:67,500.00 USD Estimated At:100,000.00 - 174,000.00 USD
Fr. 191 $20 1864 Compound Interest Treasury Note
<B>Fr. 191 $20 1864 Compound Interest Treasury Note PMG Choice Very Fine 35.</B></I> Sold by us in January 2001 and again in February 2005 as part of our Taylor Family Collection where it was described: "An utterly spectacular note and one of only three examples known. Neither of the other two is traced, both of which are listed by serial number only, one without a grade and the other graded as 'Poor.' This piece is a perfectly natural, utterly unrestored Extra Fine. The note is unbelievably broadly margined, perfectly centered on both sides, and beautifully bright in inks, paper, and bronze. The bronze remains fully golden, without a hint of tarnish or age. In fact, this piece is among the top two or three finest examples known for the type, even when the infinitely more common (just over 50 known) Fr. 191a is considered. This was the Grinnell note, sold by Barney Bluestone, in November 1944, and it was subsequently owned by F.C.C. Boyd, Robert Friedberg, and Amon Carter. An incredibly important piece, and the first opportunity in decades for any collector to add a Fr. 191 to his holdings." Since its last offering, it has been PMG graded. They have commented "Great Margins, Minor Restoration". We missed the restoration last time out, but it appears to be a short closed split in the bottom margin that affects blank paper only. The last two times out this note realized $57,750 (January 2001) and $69,000 (February 2005). With the current emphasis on rarity and with this piece's tremendous eye appeal, we would not be surprised if it reaches the six-figure mark. <BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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