ELUSIVE Fr. 190a 1864 Compound Interest Note RARE PMG VF25, only 24 Known

Description

Elusive Fr. 190a Compound Interest Treasury Note
Fr. 190a 1864 Compound Interest Treasury Note PMG Very Fine 25.
Both the grade and the lack of negative comments seem accurate to us. The bronze overprint has suffered a bit from circulation, but has no traces of the paper-destroying green oxidation that is frequently seen on these. It is decently margined, with a bright red seal and good paper quality. Essentially a perfect, mid-grade example of this elusive middle-of-the-book type. Track & Price indicates that only 24 examples of this Friedberg number are known to collectors. This particular example is in the census as the serial number was recorded when it last auctioned in 1991. There are no high grade examples of this note known, with Track & Price showing not a single third-party example graded higher than 30.
"No Negative Comments" which are often seen on this series