Beschreibung:

Newly Discovered Interest-Bearing Notes5, 10 and 20 Dollar Denominations, Act of July 17, 1861 The following three lots are perhaps the most significant archival discoveries in the entire trilogy of ABN paper money auctions. These notes are the only known examples of low denomination Interest-Bearing Treasury Notes issued under the Act of July 17, 1861, with interest payable at 3.65 per annum. The researcher Gene Hessler alluded to their possible existence as early as 1978 in his article New Information About the U.S. $3 Legal Tender Note ( Paper Money , November-December 1978). Further research by Hessler was provided in his second article on the subject: Notes That Might Have Been ( Paper Money , July-August 1990). The notes were never issued. Plates of the 5, 10 and 20 Dollar Interest-Bearing notes were eventually ordered to be altered to 1, 2 and 3 Dollars Legal Tender Notes, respectively. It now appears that the 3 Dollar denomination was the only one to undergo this change. Both face and back were prepared with the new denomination. No other examples of these face designs are known. The 20 Dollar back is also believed to be unique; one example each of the 5 and 10 Dollar backs appeared in the 1986 Memphis paper money sale presented by NASCA. Hessler has updated his research with a sequel to the 1990 article published in the March-April 1991 issue of Paper Money. Interest-Bearing Note, 5 Dollars, 1862 (ABN but without imprint), unlisted in any reference, face and back Proofs, both mounted on paper, slight wrinkling at corners, otherwise clean and bright, of the utmost importance and rarity (2)