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Stack’s Bowers and Ponterio   |   The August 2018 ANA Auction   |   23 August 2018 Sort by Lot-NumberSort by Estimate
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Session 1, Lot 10021

Estimate: 10'000 USD   |   Starting price: 5'000 USD Price realized: 23'400 USD
Fully Issued and Choice Unredeemed 1861 Loan $100 Coupon Bond

United States of America. Acts of July 17th and August 5th, 1861. $100 6% Coupon Bond. Hessler X128H. Issued. Choice Very Fine.
One of the more amazing Federal bonds you may encounter, as this certificate was not redeemed at the Treasury for its principal of $100 and its last six interest payments of $3 each. Its current value is $118.00 with its interest stopped on June 30, 1881. 29.5cm by 22.0cm. Fully issued, uniface, coupons under ("Cu") style printed on bond paper by the Treasury Department from plates engraved originally by the National Bank Note Company (New York). Impressive layout within brown frame on the face. Lincoln center flanked by farmer and mechanic seated upper left and ship "NEW IRONSIDES" at upper right. Brown 100 protector across. Red Treasury seal and embossed Treasury Department seal bottom center. Plate A. No.8554. Signed by Colby as Register of the Treasury. There are five coupons remaining along the bottom of the bond (from the original 39; the final interest payment of $3.00 was paid with the certificate). Very vibrant, boldly printed and the paper integrity is solid. A mesmerizing example that is exceedingly rare, perhaps unique.

From the John E. Herzog Collection.

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