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T12 $5 1861 Cr. 47.. ...
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Sold on Aug 3, 2017 for:
$14,100.00
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Description
Stunning About New Manouvrier Note
T12 $5 1861 Cr. 47.New Orleans was an economic powerhouse for the Confederacy. It was by far the largest city in the fledgling nation with more than 160,000 residents according to the 1850 census. The location at the mouth of the Mississippi made it a primary point for exports of cotton and as such a prime target of the Union. Prior to its fall in 1862 to the Union and war-long occupation, New Orleans printer Jules Manouvrier was selected by Memminger to print $5 and $10 notes. They were the only notes of all the 1861 issues to feature a back design, these printed in light blue ink with CONFEDERATE STATES OF AMERICA AT CENTER and the roman numerals in the corners to denote the denomination. No $10 notes are known as they were all destroyed after being compromised by a theft in Virginia that forced a destruction of the remaining stock.
Today, Type 12 notes are highly sought after for their unique back design. Almost more so than the condition, the boldness of the blue ink on the back is a big driver for collectors and prices at auction. The ink faded very quickly and many notes have little to no remaining back design visible and in general are also in very poor condition. Yet in the 1970s, numismatics dealer Leonard Finn found a small hoard of about 30 notes in near pristine condition. All notes were consecutively numbered, starting in the 1750s and going into the 1780s. The note was consigned to a R.M. Smythe auction at Memphis' IPMS in June 2003, when Hilton purchased it. This piece is one of the stronger examples, easily placing it in the top quarter of survivors. Coupled with its very high grade, it is easily one of the prizes from the Hilton Collection. PCGS Choice About New 55.
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: 4
Lot Tracking Activity: N/A
Page Views: 864
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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