SOLD
6,000.00USDto floor+ buyer's premium
This item SOLD at 2007 May 11 @ 00:51UTC-06:00 : CST/MDT
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<B>Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 40 EPQ.</B></I> This is a nicely margined example that looks like two hard folds earned this note its third-party grade. This interesting note was 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 by Congress and the value set at $21.30, causing them to be redeemed quickly. Ironically, the notes were never popular with the citizenry, but were popular with speculators and national banks.<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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701 Convention Plaza, St. Louis, Missouri, United States
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
999.00 |
20% |
| 1,000.00 |
Infinite |
20% |
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