Sheik $1 Large Type
1891 $1 Treasury Note Fr. 350-352

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Note Details

Set Details
Note Description: Treasury Note
$1 1891 Large Size
Grade: 66 EPQ
Country: US
Note Number: 350
Seal Type: Small Red, Scalloped
Signatures/
Vignettes:		 Rosecrans
Nebeker
Certification #: 1007667-001  
Owner: Sheik Sheck
Sets Competing: Sheik $1 Large Type  Score: 3242
Date Added: 7/10/2018
Research: See PMG's Census Report for this Note

Owner's Description

Finally completed my Large Type $1 Set. Interesting history of this note...the financial crisis began in April 2007: New Century, an American REIT specializing in sub-prime mortgages, filed for Chapter 11 bankruptcy protection. This propagated the sub-prime crisis, through securitization, to banks around the world.
August 9, 2007: BNP Paribas blocked withdrawals from three of its hedge funds,[14] since there was no liquidity, making valuation of the funds impossible – a clear sign that banks were refusing to do business with each other.
On October 9, 2007: The Dow Jones Industrial Average hit its peak closing price of 14,164.53. This note sold for $3,850 on 12/4/2007. Bear Stearns crashed and burned in March of 2008. This note sold again on April 15, 2008 for $2070 !! In 4 short months the seller of this note took an almost 50% hit!! Wow.

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