10 Cents

Liberia's Treasury notes of this period were issued under chronic fiscal strain — the government had defaulted on its British loans in 1874 and was operating on extremely limited resources through the 1880s. Small-denomination fractional notes like this one filled a gap left by the near-total absence of coin in everyday circulation, particularly outside Monrovia.

Pick 10 is genuinely rare. The series saw little collector attention for most of the twentieth century, and surviving examples in any condition are seldom offered.