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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2018年10月巴尔地摩#4-美国纸钞The Joel R. Anderson

Lot:3023 Friedberg 212e-I (W-3305). 1865 $100 Interest Bearing Note. PCGS Currency Very Fine 25.

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世界钱币

USD 200000- 300000

SBP2018年10月巴尔地摩#4-美国纸钞The Joel R. Anderson

2018-10-26 06:00:00

2018-10-26 07:00:00

USD 312000

SBP

成交

Friedberg 212e-I (W-3305). 1865 $100 Interest Bearing Note. PCGS Currency Very Fine 25.Here is an outstanding "Middle of the Book" rarity, unlisted in early Friedberg editions, with this July 15, 1865, dated $100 Interest Bearing Note being one of only three examples known for the catalog number. Lieutenant General Winfield Scott is seen at the center of the note. Black die counters with 100 overlapping Roman numeral Cs at upper left and right. Green 100 die counters are to the bottom left and right. A small red spiked Treasury Seal is to the right. This variety has a vertical red overprint at left reading: "The Government reserves the right of paying in COIN, the interest on this Note at the rate of six per cent. per annum."<p><p>These notes were issued pursuant to an Act of Congress dated March 3rd, 1865. They bore 7.3% interest and matured after three years. All were issued with five coupons attached at the right edge. The presently offered note retains three coupons. The green printed back displays a large bronzed 100 counter. A vertically oriented clause on the verso reads "AT MATURITY, Convertible at the option of the holder into Bonds redeemable at the pleasure of the Government at any time after five years and payable twenty years from July 15th, 1868 with interest at Six per cent per anum, payable semi-annually in COIN."<p><p>As noted above, Interest Bearing Notes are the rarest of the rare among surviving examples of major paper money classes. It had been hoped that after the war ended in April 1865, the reputation of the solidity of the Treasury Department would return to 1861 and earlier standards. This did not happen, and the high 7.3% interest was necessary in order to attract buyers, many of whom were skeptical.<p><p>The note is evenly circulated and displays clean, well margined paper that is free of any distracting marks or blemishes. All of the printed inks are boldly executed with vibrant color still seen in the green protectors and red overprints. The bronzing on the verso is free of oxidation and in its original muted gold color. The split restorations mentioned by the grading service have been executed with great skill and are difficult to detect, even for a highly trained observer. This note is a true wonder to behold.<p><p>Of the three examples known, only this and the serial number 194009 note reside in private hands. The serial number 272963 example was transferred from the Treasury Department to the Smithsonian Institution in 1978 and is permanently unavailable to collectors. The serial number 194009 example, reported to be Very Fine, sold in a May 2003 auction for $143,750 and has been off the market ever since. The present note last traded publicly in February 2005 for $207,000. Since that time appreciation of these incredibly rare "Middle of the Book" notes has increased. Collectors who have entered the marketplace since this note last sold more than a decade ago may not have another chance at this catalog number during their collecting careers.<p><p>This note is the plate example seen on page 630 of the <em>Whitman Encyclopedia of U.S. Paper Money</em> by Q. David Bowers.<p><p><strong>General Winfield Scott</strong><p>Lieutenant General Winfield Scott, who graces the face of this $100 Interest Bearing Note, has the distinction of serving on active duty as a general longer than any other person in American history. During his 53-year career Scott, known as "Old Fuss and Feathers" or the "Grand Old Man of the Army," commanded forces in the War of 1812, the Black Hawk War, the Mexican-American War and the Seminole War. He was the Commanding General of the Army for the final 20 years of this career, receiving a brevet promotion to Lieutenant General in 1855. He was the first American since George Washington to receive that rank. Scott was the highest ranking Army officer at the outbreak of the Civil War in 1861. He devised the Anaconda Plan that ultimately led to the Unions victory in the war, albeit nearly four years after his resignation. Health issues and disagreements with other officers forced him into retirement at age 75 in 1861. He died at the U.S. Military Academy in West Point in 1866.<p><p><strong>PCGS Population: </strong>1, none finer.<em>From Hessler Illustration; Amon Carter; Hickman & Oakes sale of October 1987, lot 522; Heritage Auctions sale of February 2005, lot 16764.</em>

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