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Interest bearing note
Interest bearing notes refers to a grouping of civil war era paper money-related emissions of the treasury. The grouping includes the one- and two-year notes authorized by the Act of March 3, 1863, which bore interest at five percent, were a legal tender at face value, and were issued in denominations of $10, $20, $50, $100, $500 and $1000.〔Hessler, Gene and Chambliss, Carlson (2006). ''The Comprehensive Catalog of U.S. Paper Money'', 7th edition, Port Clinton, Ohio: BNR Press ISBN 0-931960-66-5.〕 The grouping also frequently includes the early civil war treasury notes which matured in either sixty days or two years and bore interest at six percent and the seven-thirties which matured in three years and bore interest at 7.3 percent - though both of these latter issues lacked legal tender status.〔Major marketers of rare currency notes make this grouping choice in their on-line sites.〕 Reference texts used by currency collectors will also sometimes include compound interest treasury notes and refunding certificates in this grouping as well.
== Denominational set of interest bearing notes ==
Images are courtesy of the National Numismatic Collection at the National Museum of American History (Smithsonian Institution).
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