Type of Friedberg 193 (W-3350-3390). 1863-64 $100 Compound Interest Treasury Note. PCGS Currency About New 50. Essay Face Proof.Hessler-1137. Plate D. No imprint, by American Bank Note Company. Bond paper. Black and white portions. Center, Lansdowne Portrait of Washington. Lower left, America, shield and flag. Lower right, Justice and eagle (as used on U.S. Fractional 50 Cents). Stamped SPECIMEN in blue at upper right. An intriguing and distinctive essay on bond paper. This is one of several exceptional items within the Caine Collection that were sold in the 1994 Ambassador Middendorf auction at Christies. Many of these sold for bargain prices due to a soft economy and the fact the retired admiral was the biggest collector of the time. It was an opportunity for advanced collectors who understood the complex notes, including John Ford who bought heavily at the sale. This piece offers an illustrious pedigree for any federal note having come from the Louis Werner and Farran Zerbe collections. This was the plate note in the first Hessler Essay-Proof volume. We estimate that three to five exist of this type, Minor archival handling is all that is seen through the holder. Last offered in our March 2012 Baltimore sale where it brought $7,475.From Stacks Bowers March 23, 2012 Baltimore sale, lot 5413; Christies sale of the Hon. J.W. Middendorf II Collection, March 22, 1994, lot 171; Bowers and Merenas sale of the Ezra Cole Collection, January 23-25, 1986, lot 4016; Louis Werner Collection; Farran Zerbe, as a one-time part of the Money of the World exhibit.