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Value of Fifty Dollar Interest Bearing Treasury Note from 1864

Year: 1864 / 1865
Type: Interest Bearing Treasury Note
Denomination: Fifty Dollar Bill

Picture of a $50 dollar interest bearing treasury bill with a Spread Eagle on it from 1864

Fifty dollar interest-bearing treasury notes from 1864 are extremely rare, only about 20 are known in existence. These $50 interest bills are seen with up to five coupons attached to the right of the note.

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 1864 $50 interest bearing bills have an iconic perched spread eagle at the center of each bill.

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.

 

Picture of 1864 $50 Interest Bearing Treasury Note

1864 $50 Interest Bearing Treasury Note

Depiction: Directly center is shown a perched spread large eagle symbolizing strength and freedom of America.

Nickname: These $50 bills don’t have a true common nickname outside of 1864 $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 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. If your bill is fake, it’s worth a hundred or two. If it is genuine, it could be worth over $100,000.

There are two types of 1864 interest bearing treasury notes, one variety is unknown to exist and the other is highly counterfeited.

The bill shown above should be worth over $100,000. 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: Interest One Cent Per Day – Three Years After Date The United States Will Pay To The Order With 7 3/10 Percent Interest Fifty Dollars Payable With Interest – Act of March 3rd 1863 – Register Of The Treasury – Treasury Department – Five Coupons Attached Last Six Months Interest Payable With Note. Prior Installments Payable Only On Presentation of Coupon Therefor – Washington – Pay to bearer At Maturity. Convertible at the option of the holder into Bonds Redeemable at the pleasure of the Government at any time after five years and payable twenty years from August 15th 1867 with interest at six per cent per annum payable semi-annually in coin.

 

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We purchase $50 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!

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