拍品描述： Friedberg 213 (W-1510). 1879 $10 Refunding Certificate. PCGS Currency Choice About New 58 PPQ.The Refunding Certificates of 1879 were intended to be a popular way for the Treasury to raise funds through public investment. The $10 denomination was chosen for being high enough to raise significant funds yet affordable enough to attract high demand. The strategy worked and the notes, purchased through local post offices, entirely sold out. The certificates are found in two varieties: the Fr.213 (W-1510) seen here with a red spiked Treasury Seal, red serial number and space for the buyers signature, and the Fr.214 (W-1511) found with a red scalloped Treasury Seal, blue serial number and no space for the buyers signature. Each displays the portrait of Benjamin Franklin in the upper left with engraved signatures of Gilfillan and Scofield at the bottom right. All display a red printed issue date of April 1, 1879, at right and come on blue tinted security paper.<p><p>Only two Fr.213 examples are known to be extant, the presently offered piece with serial number A287 and a cancelled note with serial number A3793 permanently held by the Bureau of Public Debt. This example displays dark inks and full margins. The paper is bright and crisp with an embossed seal from the Second National Bank of New York seen on the verso along with two rubber stamped date stamps.<p><p>These certificates accrued interest at a rate of 4% annually and they were originally intended to accrue that interest indefinitely. In 1907, an Act of Congress was passed halting the interest accrual at a point where the total redemption value of a $10 Refunding Certificate had reached $21.30. <p><p>After Robert Friedbergs <em>Paper Money of the United States </em>was released in 1953, such notes, earlier strictly a niche specialty, became widely popular. Refunding Certificates, however, were viewed as bonds, not notes, by most collectors, and they did not become popular until a generation later. Today they are in great demand.<p>This note realized $425,000 when last sold in October 2005. It is yet another great numismatic treasure from the Joel R. Anderson Collection for which no other is available to the collecting community.<p><p><strong>PCGS Population: </strong>1, none finer.<em>From Friedberg, Limpert & Hessler Illustration; James M. Wade; Robert F. Schermerhorn; Harry Bass Research Foundation; Bowers and Merenas sale of the Harry W. Bass Collection, May 1999, lot 111; Lyn Knights sale of June 2000, lot 317; Jay Parrinos Fixed Price List of February 2002; Lyn Knights sale of October 2005, lot 153.</em>