Fr. 196a. 1863 $10 Interest Bearing Note. PMG Very Fine 20.

An Evenly Circulated $10 Interest Bearing Note Fr. 196a. 1863 $10 Interest Bearing Note. PMG Very Fine 20. No. 94093. Plate A. Even though much in the way of words can be spoken to the genesis of this emission and Chase's managerial prowess as Treasury Secretary before his resignation in 1864, this evenly circulated Interest Bearing Note is a rare item in any context. Today relatively few survivors are left for the benefit of collectors as many were eventually culled from circulation as they acted as circulating instruments as elaborated by Nicholas J. Bruyer in his landmark reference book U.S. Treasury Notes 1812 - 1865: An Illustrated History which details how these notes were favorites of Army paymasters who frequently dealt with the lack of small denominations in fulfilling outstanding pay obligations. Yet discounting the historical context, bidders are nonetheless met here with a truly attractive design that stands distinct among period compositions. Anchored at center by vignette better-known for its use on the $1 Silver Certificates issued under the Series of 1899 through the 1920s, the composition known as The Eagle of the Capitol seemingly complements the stern-faced managerial portrait of Chase at left while offering a counterpoint to Peace whose presence cuts something of a contrast against other compositions such as Mortar Firing or In the Turret which echo a distinctly militaristic tone that speak to the contemporary conflict. PMG comments "Tape Repairs." Estimate: $8,000 - $12,000. Click here for certification details from PMG.

估價:$4,800

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