LOT #20004 |
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T4 $50 1861 Cr. 4.. ...
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Sold on Aug 3, 2017 for:
$20,562.50
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Description
Bright and Problem Free Type 4 $50
T4 $50 1861 Cr. 4.Many antebellum notes from the North and South had vignettes depicting slaves on cotton farms. From the early 1800s into the 1930s, cotton was the single largest American export and nearly all of it was grown in Confederate states or territories. The cotton that stayed in the United States was almost all sent to mills in the North creating major trade problems during the war, starting with a blockade of the South.
Wayne acquired this piece along with the $100 offered here this evening as part of the Arnold Cowan collection at the 1998 Memphis Smythe sale. It is a very well matched note to the $100, with nearly the same accolades in that auction catalog, "crisp, bright, vivid, with complete borders." There are some minor and very light body folds that account for the grade on this otherwise completely problem free and very attractive PCGS Very Fine 35 $50. On back is an endorsement in red, "Issued July 5, 1861, Frank Jackson, Capt. C&A."
Selections From The J. Wayne Hilton Confederate Currency Collection
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Auction Info
2017 August 3 ANA Currency Signature Auction - Denver #3556 (go to Auction Home page)
Auction Dates
August, 2017
3rd
Thursday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
Page Views: 1,338
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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