Value of One Hundred Dollar Interest Bearing Treasury Note from 1864
|Year: 1863 / 1864|
|Type: Interest Bearing Treasury Note|
|Denomination: One Hundred Dollar Bill|
One hundred dollar interest-bearing treasury notes from 1863 or 1864 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 1863 and 1864. The 1864 $100 interest bearing notes have a picture of George Washington at center of each bill. 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: George Washington standing between female allegories. At left, representing The Guardian and Justice at right.
Nickname: These $100 bills don’t have a true common nickname outside of 1863 $100 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 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 $50,000 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!
Inscriptions: Treasury Note – This Note Is A Legal Tender For One Hundred Dollars – Two Years After Date The United States Will Pay To The Order With Five Percent Interest One Hundred Dollars Payable With Interest – Act of March 3rd 1863 – Register Of The Treasury – Treasury Department – American Bank Note Company New York – This Note Is A Legal Tender At Its Face Value Excluding Interest, For All Debts Public and Private, Except Duties on Imports and Interest On The Public Debt Counterfeiting Or Altering This Note, Or Passing Any Counterfeit Or Alteration Of It, Or Having In Possession Any False Or Counterfeit Plate or Impression Of It, Or Any Paper Made In Imitation Of The Paper On Which It Is Printed Is Felony And Is Punishable By $1,000 Fine, Or 15 Years Imprisonment At Hard Labor or Both.
WE GIVE FREE APPRAISALS
We purchase $100 interest bearing treasury notes from 1863 & 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!