Value of One Hundred Dollar Compound Interest Bearing Treasury Note from 1864
|Years: 1864 or 1865|
|Type: Interest Bearing Treasury Note|
|Denomination: One Hundred Dollar Bill|
One hundred dollar compound interest-bearing treasury notes from 1864 and 1865 are rare with only about 10 known to exist. This is a unique one year design even though the series date, 1863, is on the treasury bill.
These old treasury interest notes are so rare that the only factor when determining value is really the condition. If you are unsure about the old bill you have we are always happy to help. Attach clear photos and email us at Oldmoneyprices@gmail.com or visit our contact page so we can analyze it.
History: One hundred dollar interest bearing treasury notes were only printed in the United States during 1864. The 1864 $100 interest bearing notes have a picture of George Washington at center.
Interest bearing treasury notes came in many denomination, with the one hundred dollar denomination being the third-lowest. In the late 1800s these old bills traded hands frequently, so most known examples are heavily worn.
Remember, this was during a time in U.S. history when the state of the nation during the Civil war was in crisis, anyone who didn’t redeem these bills for their interest at the time was either supremely confident or extremely ignorant. This fact alone is why there are so few interest bearing notes known to exist.
Depiction: Fully body shot of George Washington at center. Left is an allegorical figure depicting The Guardian. At the right another allegorical figure representing Justice.
Nickname: These $100 bills don’t have a true common nickname outside of 1864 $100 Compound Interest Bearing Treasury Notes.
Interesting Facts: The interest bearing treasury notes were issued by congress because of the financial crisis occurring during the American Civil War.
These $100 interest bearing notes only had three separate years of issuance, meaning the time they had to compound interest was limited. While this fact doesn’t always directly impact value, there are certain collectors who collect one hundred dollar interest bearing notes by their year of issuance.
Value & Information: Value for compound interest bearing one hundred dollar treasury notes are strictly based on condition.
There is one type of 1864 interest bearing treasury note.
This is undoubtedly one of the rarest and most expensive high denomination interest bearing treasury note around. The value of this $100 treasury bill will reach over $30,000 in almost any condition. Please do your research before selling your interest bearing treasury note, or contact us for assistance.
This is one of my favorite types due to its beautiful color and design. I have not had the chance to handle a $100 interest bearing treasury note yet, but the day will come I hope. To know exactly the value of your particular bill, all you need to do is send me clear photos so I can analyze it better. Your bill could be worth a few thousand, or tens of thousands. You will never know if you don’t ask us!
Variations: There are three different varieties for the one hundred dollar compound interest treasury note:
- Signed by Chittenden and Spinner with a date of June 10th 1864
- Signed by Chittenden and Spinner with a date of July 15, 1864
- Signed by Colby and Spinner with a date of August 15, 1864 – September 1, 1865
Some of these varieties are rarer than others. Please contact us for details.
Inscriptions: This Note Is A Legal Tender For One Hundred Dollars – Treasury Department – Act of June 30th 1864 – Three Years After Date The United States Will Pay The Bearer With Interest At The Rate Of Six Percent Interest Per Annum Compounded Semi-Annually One Hundred Dollars – Treasury Note – Register Of The Treasury – Treasurer Of The United States – By Act of Congress this Note is a Legal Tender for One Hundred Dollars but bears Interest at six percent compounded every six months though payable only at maturity as follows
WE GIVE FREE APPRAISALS
We purchase $100 interest bearing treasury notes from 1864. Send us a photo to Oldmoneyprices@gmail.com and we will respond within 24 hours with any information we can provide along with our best offer!