$20 1863 Interest Bearing Note FR 197a PMG 25 EXCEEDINGLY RARE DIAMOND BACK

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

$20 1863 Interest Bearing Note FR 197a PMG 25 EXCEEDINGLY RARE DIAMOND BACK :
$54500.00

Fr 197a $20 1863Interest Bearing Note PMG 25 –minor restoration noted by PMG - Interest Bearing Notes are some of the rarestforms of paper money issued by the United States Government. Some of the mostadvanced currency collections known lack an example from this issue. Numismaticrarities such as this are easier understood when one considers all the factorsin play at time of release. In the first years of the Civil War, the UnitedStates was in a precarious state, money was limited and in short supply. So the moment these notes matured, most were redeemed and ultimately destroyed bythe Treasury Department. That is why these notes are soscarce and whyhigher denominations of this type simply do not exist. What we have here is anexample of this exceedingly rare issue. A review of the census report willreveal that there are only 21 examples available to own (25 known, 4permanently impounded in museums). Further research will reveal that thisexample is tied for the second FINEST KNOWN with only one other example at PMG.One can only imagine the potential and ultimately the value of this note tenyears from now. Securing this note today will advance your collection to thenext level. If you have any questions about this note, send me a message. Thank you

Meredith Hilton

Kagin\'s, Inc.