US Notes

William Fessenden’s Forgotten Legacy: How Lincoln’s Second Treasury Secretary Reshaped American Currency in 1864

When Salmon Chase resigned in June 1864, Maine senator William Pitt Fessenden inherited a Treasury in crisis and quietly engineered currency reforms that collectors still encounter today. Understanding his brief but consequential tenure unlocks the story behind some of the most historically significant Civil War-era notes in American numismatics.

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Interest Bearing Notes of the Civil War Era: Seven-Thirty Treasury Notes Explained

The Seven-Thirty Treasury Notes of the 1860s represent one of the most fascinating and underappreciated chapters in American fiscal history, combining the functions of currency and investment instrument at a moment of national crisis. This guide breaks down every issue, signature combination, and collecting nuance so you can confidently pursue these remarkable Civil War relics.

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Refunding Certificates of 1879: The $10 Notes That Earned 4% Interest

Issued for just a brief window in 1879, Refunding Certificates represent one of the most unusual and least-understood instruments in all of American paper money history. This deep dive covers their legislative origins, physical characteristics, known varieties, and what collectors should expect to pay for one of the rarest currency types in existence.

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