FR 191a 1864 $20 Compound Interest Treasury Note PMG 25 Net

$22,500.00

EXCEEDINGLY RARE COMPOUND INTEREST TREASURY NOTE

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Description

Compound Interest Bearing Notes can be considered sleepers in the currency world.  At time of issue, these notes accrued interest at 6 per cent compounded every 6 months for a period of three years.  As a result of these notes ability to accrue a significant amount of interest over a short period of time, most of these examples were turned in and redeemed. With only 56 examples left, finding a nicer note would be difficult. Unlike most Compound Interest Treasury Notes, the bronze overprint on this example has not oxidized and still maintains a golden tint.  It will only be a matter of time before buyers realize their incredible rarity and potential.

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