
Interest Bearing Notes Fr. 197 $20 M
Description
Interest Bearing Notes Fr. 197 $20 March 18, 1864 This note is one of only nine known examples of this variety with the ABNC/NBNC as the printer. The census records indicate that there are three VF notes and six that are definitely lower grades. With the rarity and increased interest in Interest Bearing Notes I expect to see considerable interest at this sale, especially since there are only 38 examples of the design type extant today. Last summer a note from the Koike Collection sold for $28,750 and it was no better than VG. In September 2006, another VF 30 reached $74,750 in another auction. Even the more common Fr. 197a, with 29 reported, realized over $25,000 in this grade last year. This note has an excellent overall appearance with the only repair visible being small edge splits that were closed so they did not get worse. An excellent overall look. Graded Apparent VF 25, minor edge repair at bottom center, by PCGS.
Condition
PCGS Apparent VF 25 Net
Buyer's Premium
22.5%
Interest Bearing Notes Fr. 197 $20 M
Estimate $35,000-$60,000
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