
Interest bearing notes refers to a grouping ofCivil War erapaper money-related emissions of theUS Treasury. The grouping includes the one- and two-year notes authorized by the Act of March 3, 1863, which boreinterest at five percent per annum, were alegal tender at face value, and were issued in denominations of $10, $20, $50, $100, $500 and $1000.[1] The grouping also frequently includes theearly civil war treasury notes which matured in either sixty days or two years and bore interest at six percent and theseven-thirties which matured in three years and bore interest at 7.3 percent—though both of these latter issues lacked legal tender status.[2] Reference texts used by currency collectors will also sometimes includecompound interest treasury notes andRefunding Certificates in this grouping as well.
Images are courtesy of theNational Numismatic Collection at theNational Museum of American History (Smithsonian Institution).
| Value | Terms | Year | Fr. | Image | Portrait/vignette[nb 1] | Population |
|---|---|---|---|---|---|---|
| $10 | One year (5%) | 1864 | Fr.196a | Salmon P. Chase (Charles Burt);[3] Eagle of the Capitol and Peace (James Bannister);[3] | 28 known[4] | |
| $20 | One year (5%) | 1864 | Fr.197 | (?); Mortar firing (James Smillie);[5]Abraham Lincoln (Henry Gugler);[6]In God is our Trust | 9 known[4] | |
| $50 | Two years (5%) | 1864 | Fr.203 | Caduceus (Alfred Jones);[7] Justice with Shield (Charles Burt);[8] America (?) | 7 known[9] | |
| $100 | Two years (5%) | 1864 | Fr.204 | Farmer and Mechanic; ((Building)); In the Turret | 2 known[10] | |
| $50 | Three years (7.3%) | 1865 | Fr.212d | Eagle and motto | 6 known (only 2 known with coupons)[11] | |
| $100 | Three years (7.3%) | 1865 | Fr.212e | Winfield Scott | Unknown[12] | |
| $1,000 | Three years (7.3%) | 1865 | Fr.212g counterfeit | Justice with Shield (Charles Burt)[8] | ||
| $1,000 | One year (5%) | 1863 | Fr.201 proof | Justice; Liberty | ||
| $1,000 | Two years (5%) | 1863 | Fr.206 proof | Guerriere and Constitution; Discovery of the Mississippi by DeSoto | ||
| $5,000 | One year (5%) | 1863 | Fr.202 proof | The Altar of Liberty (Louis Delnoce) | ||
| $5,000 | Three years (7.3%) | 1865 | Fr.212h proof | Justice;New Ironsides (James Smillie) |