$100 Compound Interest Treasury Note

Value of One Hundred Dollar Compound Interest Treasury Note from 1864 or 1865


Year:  1864 or 1865 Type:  Compound Interest Treasury Note Denomination:  One Hundred Dollar Bill
Value:  The value of compound interest treasury notes is mostly just based on what condition they are in.
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Description:  Here is a bank note you aren’t going to find in your change at McDonald’s.  These notes were issued towards the end of the Civil War.  If their survival wasn’t already going to be difficult, these were actually worth more than the face value of $100 after the interest accrued.  There are currently only about 15 $100 compound interest bearing treasury notes known to exist.

The design of these notes is rather interesting.  This is the only piece of United States money that shows a full body shot of George Washington.  The two seated women are supposed to be The Guardian and Justice.  These notes have at least two different dates on them.  There is a date that references an Act in 1863 or 1864 and the other red date can be from 1864 or 1865.

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