5391

1963 Barr Notes [124660]

Currency:USD Category:Coins & Paper Money Start Price:15.00 USD Estimated At:30.00 - 60.00 USD
1963 Barr Notes  [124660]
SOLD
60.00USD+ (15.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 Feb 15 @ 14:52UTC-8 : PST/AKDT
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According to United States law, the signature of the acting Secretary of the Treasury must appear on every piece of currency. During the final days of President Lyndon B. Johnson’s administration, his Secretary of the Treasury, Henry H. Fowler, resigned. Since no new currency could be printed without an acting Secretary, President Johnson quickly appointed Joseph W. Barr to this cabinet post. Since Johnson’s term was about to expire, Barr’s tenure would last only 28 days! It was the shortest tenure in the history of the United States Treasury! Because of this, currency with his signature is obviously very scarce. In the late 1960s these notes were hoarded throughout the country. This is a hoard of 15 $1 bills signed by Mr. Barr, most circulated, a couple almost uncirculated.

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