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Treasury note

Numismatic Treasure coinTrebonianus Gallus

Treasury Notes
Compound Interest Treasury Notes, today an exceedingly rare class of currency from a numismatic standpoint, were created in the middle of the Civil War.

 


Treasury Notes - Also called "Coin" Notes began in 1890 and ended in 1891. They were authorized as redeemable for silver or gold coinage and never attained popularity and they were short lived. ...

Treasury note
Sometimes called a coin note. Issued under the Act of July 14, 1890. Redeemable in silver and gold coins.

Act Relating to Treasury Notes, Mar. 3, 1822.
Act to Continue Regulation of Foreign Coin, Mar. 3, 1823.
Act Making Gold Coins of Great Britain, France, Portugal, and Spain Receivable, Mar. 3, 1823.

Coin note: See Treasury note.
collar: A retaining ring die within which the coin dies operate, designed to retard outward metal flow and in most cases, form the edge device.

coin note: See Treasury note.
coin: Usually a piece of metal, marked with a device, issued by a governing authority and intended to be used as money.

Although this note is technically a United States Note, TREASURY NOTE appeared on it instead of UNITED STATES NOTE.
1870: A new $100 Gold Certificate with a portrait of Thomas Hart Benton on the left side of the obverse was issued.

Watermelon An 1880 series $100 Treasury Note had as its reverse vignette a large 100. The two zeroes look invitingly like juicy watermelons. Collectors quickly noted this and coined the term watermelon note.

Since the government seemed to have decided that paper currency for 10s and £1 were here to stay, the Treasury notes were discontinued, and the Bank was given the task of issusing 10s and £1 notes itself in 1928.

class of interest-bearing Treasury Notes and the addition of the motto In God
We Trust on all U.S. coinage large enough to carry it.  The Mint took
this to mean all coins larger then a dime.  Longacre was assigned with this ...

The collector may encounter Demand Notes, Compound Interest Notes, Treasury Notes and numerous others. Each of these different forms of paper money has an interesting, sometimes extraordinary story to tell.

Virginia, Richmond - $10 Commonwealth of Virginia (Treasury Note)
No. 11068 - October 15, 1862 (Signed)
Plate A
Inverted TEN watermark
Keatinge & Ball - Columbia, South Carolina
Criswell Virginia 9 ...

Any Federal Demand note of 1861 ($5, $10 & $20) with an "on demand" inscription - but missing the treasury seal. So called, as these were the first Treasury notes to use green ink on the back designs.

Robert Nicholas, published a notice bearing the date February 27, 1775 in all issues of the Virginia Gazette printed between March 2-16, explaining that "copper money is now ready to be issued in Exchange either for Gold, Silver or any Treasury Notes.

treasury note: a debt issued by the government much like banknotes are for banks
trial: A coin struck to prepare for the striking commercial issues, often to test dies or as a representation piece submitted for approval ...

See also: Issued, Coin, Currency, Silver, Gold

Numismatic Treasure coinTrebonianus Gallus

 
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