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Executive Currency - Offering Rare Paper Money for the Connoisseur

 
$20 1864= Fr.191a=RARE=COMPOUND INTEREST TREASURY NOTE=PCGS VERY FINE 30
 
$20 1864= Fr.191a=RARE=COMPOUND INTEREST TREASURY NOTE=PCGS VERY FINE 30
Larger Image
$29,500.00
$28,000.00
 
 
Description:
United States Treasury Department in 1863 and 1864 released these Compound Interest Treasury notes.  They could be used as face value or you could hold on to the notes for 3 yrs.  At that time the government was giving six percent annual interest compounded semi-annually.

Bronze overprint has oxidized slightly but no erosion thru the back.

Note is graded by PCGS
as Very Fine 30
 
         
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