Coin ID: 4425393008
Throughout the history of our country; the United States of America has issued several different types of paper money. During the colonial period for example; the American colonies produced paper money under English rule. Primarily due to the shortage of coins throughout our developing nation; the issuance of currency was a matter of financial necessity. From 1793 until 1861; it was not necessary for the Federal Government to issue paper money; at least as far as we knew it. However; during those 69 years there were periods of war; economic turmoil and episodes of fear and uncertainty that put a significant drain on the Treasury. To meet these financial demands caused by these unfortunate events; the United States Government would at times issue Treasury Notes. These Treasury Notes were essentially promissory notes that bore interest over time and as a result were redeemed as quickly as possible. The War of 1812 was one of those historical situations that led to the issuance of Treasury Notes. As it stands today; for all different denominations and all five Acts of Congress to help fund the War; there are approximately 138 examples known today. Many are remainders (no signatures or not fully signed); or proofs and dozens of them are hole punched cancelled. There are only 2 fully signed and issued War of 1812 Treasury Notes known to actually circulate as money. This example is a double signature remainder and is one of the finest known for the Friedberg number with both services. This note is intact and not cancelled unlike many others; the signatures are bold; the print detail is superb and eye appeal is one finest we have seen. Over the last 10 years; we have seen the values of these notes increase significantly. As more and more people realize the incredible historical significance these notes possess; the likelihood of these notes increasing in value is certain.