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a. FR TN-14a $10 1815 War of 1812 Treasury Note PCGS 30A

SKU: FR.TN14A.1

Availability: In stock

$16,500.00
AN AFFORDABLE WAR OF 1812 TREASURY NOTE

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Throughout the history of our country, the United States of America has issued several different types of paper money. During the colonial period for example, the American colonies produced paper money under English rule. Primarily due to the shortage of coins throughout our developing nation, the issuance of currency was a matter of financial necessity. From 1793 until 1861, it was not necessary for the Federal Government to issue paper money, at least as far as we knew it. However, during those 69 years there were periods of war, economic turmoil and episodes of fear and uncertainty that put a significant drain on the Treasury. To meet these financial demands caused by these unfortunate events, the United States Government would at times issue Treasury Notes. These Treasury Notes were essentially promissory notes that bore interest over time and as a result were redeemed as quickly as possible. The War of 1812 was one of those historical situations that led to the issuance of Treasury Notes. As it stands today, for all different denominations and all five Acts of Congress to help fund the War, there are approximately 138 examples known today. Many are remainders (no signatures or not fully signed), or proofs and dozens of them are hole punched cancelled. There are only 2 fully signed and issued War of 1812 Treasury Notes known to actually circulate as money. This example is a double signature remainder. This note is intact and not cancelled unlike many others, the signatures are bold, the print detail is acceptable and eye appeal is one good for the grade. Over the last 10 years, we have seen the values of these notes increase significantly. As more and more people realize the incredible historical significance these notes possess, the likelihood of these notes increasing in value is certain.
Grading Service PCGS
Nationals State Code N/A
Charter Number No
Friedberg Number TN-14a
Rust Number No
Denomination Type Treasury Note
Error Note? N/A
Grade VF30
Currency Designation N/A
Country of Origin No
Holder Variety No
Numeric Denomination No
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