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T2 $500 1861 PF-1 Cr. 2 PMG About Uncirculated 53, POCs.. ...
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Sold on Jan 13, 2023 for:
$22,200.00
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Description
Highly Desirable Montgomery Confederate $500
T2 $500 1861 PF-1 Cr. 2 PMG About Uncirculated 53, POCs.The Montgomery notes were ordered in early March 1861, weeks before the first shots were fired on Fort Sumter. The original contract for production, which included coupon bonds, transferable certificates of stock, and Treasury Notes, was placed with New York's American Bank Note Company who, in turn, turned the Treasury Note portion of the order over to National Bank Note Company. National was under intense pressure to design, produce, and deliver these notes quickly and used stock pre-war vignettes as one means of compressing the production schedule. The center vignette chosen for the $500 note is called The Crossing and was engraved by James Smillie. The detail is so fine that the words on a railroad crossing warning sign can be read under magnification. An additional vignette of Ceres or Agriculture appears at left. This example bears serial number 487 and was originally processed on June 28, 1861. The back has a printed annotation indicating the payment of 425 days' interest ($21.25) in Savannah on April 21, 1863. It is well printed with good color, decent margins, and bright paper. PMG notes six POCs that do not seriously impact the appearance of this evenly circulated note. One of around 137 survivors known today, this note will make an excellent addition to any collection.
From the Bullmaximus Collection
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Auction Info
2023 January 11 - 13 FUN Currency Signature® Auction #3591 (go to Auction Home page)
Auction Dates
January, 2023
11th-13th
Wednesday-Friday
Bids + Registered Phone Bidders: 4
Lot Tracking Activity: N/A
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