1976 dated $10,000 Treasury Note - U.S. Treasury Instrument - Only 2 Known to Exist of this Type

$10,000 Treasury Note dated May 17, 1976 - Only 2 Known to Exist! Pay to Bearer Treasury Note with a 7 and 7/8% Interest Rate. Only 2 known to exist. The other is in a prestigious collection. The issuance of actual paper bonds or notes such as this example were no longer produced as of January 1, 2012. This piece is deserving to any financial collection.

Treasury notes, commonly referred to as T-notes, are issued with maturities of 2, 3, 5, 7, or 10 years. They provide coupon payments biannually and are available for purchase in increments of $100. In the secondary market, T-note prices are expressed as a percentage of their par value, quoted in thirty-seconds of a dollar. Standard Treasury notes offer a fixed interest rate determined during the auction process. In contrast, floating rate notes feature interest payments that adjust quarterly in accordance with bill rates. The 10-year Treasury note is particularly significant, often cited as a benchmark for evaluating the U.S. government bond market's performance and reflecting market sentiment regarding long-term macroeconomic conditions. United States Treasury securities are debt instruments issued by the Department of the Treasury to fund government expenditures as an alternative to taxation, and they are commonly referred to as Treasurys. Since 2012, the Bureau of the Fiscal Service has overseen U.S. government debt management, taking over from the Bureau of the Public Debt.

There are four categories of marketable Treasury securities: Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation-Protected Securities (TIPS). These securities are sold through auctions managed by the Federal Reserve Bank of New York and can subsequently be traded in secondary markets. Non-marketable securities include savings bonds, which are transferable only as gifts; the State and Local Government Series (SLGS), which can only be purchased with proceeds from state and municipal bond sales; and the Government Account Series, available for purchase by federal government entities. Treasury securities are underpinned by the full faith and credit of the United States, indicating the government's commitment to raise funds through any legally permissible means to ensure repayment. While the U.S. government, as a sovereign entity, could theoretically default, its strong repayment history has established Treasury securities as some of the lowest-risk investment options globally.

The Department of the Treasury (USDT) functions as the national treasury for the federal government of the United States, operating as an executive department. It supervises the Bureau of Engraving and Printing and the U.S. Mint, which are tasked with the production of all paper currency and coins, while the treasury manages their distribution within the domestic financial system. The USDT is responsible for the collection of federal taxes via the Internal Revenue Service, the management of U.S. government debt instruments, the licensing and oversight of banks and thrift institutions, and the provision of fiscal policy advice to both the legislative and executive branches. The department is led by the Secretary of the Treasury, who is a member of the Cabinet. Although the Treasurer of the United States has limited statutory responsibilities, this official provides counsel to the Secretary on various issues related to coinage and currency production. The signatures of both the Secretary and the Treasurer are affixed to all Federal Reserve notes.

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