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Value of Fifty Dollar Interest Bearing Treasury Note from 1861

Year: 1861
Type: Interest Bearing Treasury Note
Denomination: Fifty Dollar Bill

Picture of a $50 dollar interest bearing treasury note bill with Andrew Jackson & Salmon P Chase's face on it from 1861

Fifty dollar interest-bearing treasury notes from 1861 are rare with only about 2 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 Info@RareMoneyValues.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 1861 $50 interest bearing notes have a picture of Andrew Jackson on the left side of each bill and Salmon P Chase on the right. 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 1861 $50 Interest Bearing Treasury Note

1861 $50 Interest Bearing Treasury Note

Depiction: Bust of Alexander Hamilton at right. At the left is a female allegory representing 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 1861 interest bearing treasury note so varieties won’t impact value.

The bill shown above should be worth over $275,000. 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: Issued in pursuance of an act of congress approved March 2nd 1861 – Two Years After Date The United States Promise to Pay To The Order of Fifty Dollars with interest at six percent payable 1st Jan and 1st July Washington – Countersigned – Convertible Into Bonds Of The United States – Receivable In Payment of All Public Dues – Register Of The Treasury – Treasurer Of The United States

 

WE GIVE FREE APPRAISALS

We purchase $50 interest bearing treasury notes from 1861. Send us a photo to Info@RareMoneyValues.com and we will respond within 24 hours with any information we can provide along with our best offer!

ABOUT US

We buy Rare U.S. Paper Money from around the Country. Sell your old money collection today!

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Marc Michaelsen
PO Box 1949,
Boca Raton, FL 33429

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