SOLD
5,500.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2008 Apr 18 @ 19:34UTC-6 : CST/MDT
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<B>Fr. 214 $10 1879 Refunding Certificate PMG Extremely Fine 40.</B></I> An always popular type and a nice high-end circulated example. 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 and the value set at $21.30, causing them to be redeemed. This piece has the watermarked paper and the blue security stain. This paper was used for Fourth Issue Fractional currency, several Large Sized Legal Tender notes, as well as for a portion of these Refunding Certificates.<BR><I>From The Thomas M. Flynn Collection</B></I><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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