Value of Fifty Dollar Interest Bearing Treasury Bill from 1863
|Type: Interest Bearing Treasury Note|
|Denomination: Fifty Dollar Bill|
Fifty dollar interest-bearing treasury notes from 1863 are rare with only about ten known to exist. 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 text us 561-870-3682 or email us at Oldmoneyprices@gmail.com or visit our contact page so we can analyze it.
History: Fifty dollar interest bearing treasury notes were only printed in the United States during 1863 and 1864. The 1863 $50 interest bearing bills have a picture of three allegorical women representing Caduceus, Justice, and Loyalty.
Interest bearing treasury notes came in many denomination, with the fifty 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: Three women representing Caduceus, Justice, and Loyalty.
Nickname: These $50 bills don’t have a true common nickname outside of 1863 $50 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 $50 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 fifty dollar interest bearing notes by their year of issuance.
Value & Information: Value for interest bearing fifty dollar treasury notes are strictly based on condition.
There is only one type of 1863 interest bearing treasury note so varieties won’t impact value.
The bill shown above should be worth over $15,000. We have had the pleasure to handle only one of these rare fifties during our time collecting and dealing. 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. 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 quite literally hundreds of thousands of dollars. You will never know if you don’t ask us!
Inscriptions: Chittenden and Spinner signed all of these $50 bills. There are no varieties.
Inscriptions: This Note Is A Legal Tender For Fifty Dollars – Two Years After Date The United States Will Pay To The Bearer With Five Percent Interest Fifty Dollars – Act of March 3rd 1863 – Register Of The Treasury – Treasurer Of The United States – Treasury Note – 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 punishable by $1,000 fine, or 15 year imprisonment at labor or both.
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We purchase $50 interest bearing treasury notes from 1863. 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!