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Auction 338 | Lot 19308 » Confederate Notes » 1861 Issues

T1 $1,000 1861. The Montgomery issue $1,000 was the only type of this denomination issued by the Confederacy, and was the highest denomination issued by the ephemeral Southern government. Printed in limited quantities during the spring of 1861 before the rebels transferred their seat of government to Richmond, most were redeemed as these notes were payable just 12 months after the issue date and accrued interest at 10 cents per day. This example, serial number 511, was curiously never redeemed, as it lacks any cancellations or interest paid notations on the back. Its appearance has likely been improved by a couple of minute repairs, including the closing of a couple of tiny edge splits and a diminutive pinhole in the center, but these would be missed by most casual observers and even a trained eye must look closely to find them. The eye appeal is fantastic for this early type, as the colors are exceptionally bold and the pen signatures are bold and clear. As for assigning a grade, About Very Fine seems to be a fair overall assessment. All four of the Montgomery issues can be considered classic rarities, and any Type 1 commands respect among both novice and seasoned collectors of Confederate currency. This is a beautiful example from the Kennedy collection, and given the demand for this classic type and the strong results in recent auctions for CSA rarities it is likely to command a final bid in the range of. . .

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $18,400.00

Auction 338 | Lot 19309 » Confederate Notes » 1861 Issues

T2 $500 1861. Although the T1 $1,000 has, for many years, ever-so-slightly overshadowed the T2 $500 from the same Montgomery issue, current census information indicates that the $500 has a very slight edge in rarity, as approximately 107 $500s are currently known as opposed to 114 reported $1,000s. This example bears serial number 283 and, like the T1 above, has been enhanced by minor repairs, although they are slightly more noticeable on this example. A few edge splits have been repaired and some folds have been strengthened, yet the repairs were expertly executed and the eye appeal is outstanding overall. Any Montgomery $500 is desirable, and this note from the Kennedy collection is one of the more attractive examples to reach the market in recent years. Very Fine with the aforementioned repairs and a couple of minor pinholes, and likely to inspire spirited bidding among Confederate specialists.

Bid Source: Live: eBay

Auction Ended

Jan 10, 2004

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Sold For: $21,275.00

Auction 338 | Lot 19310 » Confederate Notes » 1861 Issues

T3 $100 1861. The Type 3 Montgomery $100 has long been considered one of the most beautiful Confederate notes. Featuring a train vignette in the center and Columbia at left, notes of this type have survived in such limited numbers (a little over 150 examples are currently known) that there are never enough to go around among the many collectors who desire one. This note from the Kennedy collection has a few unimportant pinholes and a couple of small ink smears, as well as a couple of interesting endorsements on the back, but it is perfectly natural and has not been enhanced in any way. The colors are exceptionally bright for the grade and the signatures are bold and sharp. Slightly nicer than the example we sold in our January 2003 FUN CAA sale, and likely to command a higher winning bid. Fine-Very Fine.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $11,500.00

Auction 338 | Lot 19311 » Confederate Notes » 1861 Issues

T4 $50 1861. The lowest denomination of the four Confederate notes issued from the Montgomery capitol, the Type 4 $50 has survived at almost exactly the same rate as the $100s with just over 150 examples known from the original issue of 1,606 pieces. This Very Fine example from the Kennedy collection has perfect colors and bold signatures, and is perfectly original and problem-free save for moderate wear, several pinholes, and a bold endorsement on the back that is partially visible from the face. Bearing serial number 1574, this is the second highest serial number known for the type. A beautiful note, and one that nicely rounds out this wonderful Montgomery quartet.

Bid Source: Live: eBay

Auction Ended

Jan 10, 2004

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Sold For: $14,950.00

Auction 338 | Lot 19312 » Confederate Notes » 1861 Issues

T5 $100 1861. This high grade Richmond issue Hundred is an attractive example of this type that was long thought to be the first note ordered and issued by the Richmond government. It is fully Crisp Uncirculated, although three of the four corners are rounded very slightly and the margin is trimmed close at the bottom right. It has a clear and interesting historical endorsement on the back that reads, "Issued by me Sept. 21 / 61 Maj. W.J. Anderson Qr. Mr. Memphis, Tn." The color and eye appeal are terrific, and the hammer isn't likely to fall until it reaches or surpasses the range of. . .

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $5,865.00

Auction 338 | Lot 19313 » Confederate Notes » 1861 Issues

T5 $100 1861. This beautiful "First Richmond" Hundred has a couple of light folds, but the eye appeal is outstanding. The colors are rich and bold, the margins are evenly centered all the way around, and even the signatures, date, and serial numbers are pristine. This About Uncirculated note could rival the CU note above when the final tally is examined, as the eye appeal compares quite favorably.

Bid Source: Live: Phone

Auction Ended

Jan 10, 2004

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Sold For: $3,450.00

Auction 338 | Lot 19314 » Confederate Notes » 1861 Issues

T5 $100 1861. This T5 is fully New but for a couple of broad corner folds, and is free of any problems except for some very minor foxing and the bottom margin which is trimmed slightly into the design border. Nevertheless a pretty, note, and likely to be just a touch less expensive than the previous example. About Uncirculated.

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $3,450.00

Auction 338 | Lot 19315 » Confederate Notes » 1861 Issues

T5 $100 1861. A very pretty example of the "First Richmond" issue, with a wonderful train vignette and bright green overprint printed on red silk fiber paper. This example is absolutely problem-free with nice margins and no endorsements on the back, and is ideal for any CSA type collector who doesn't want to break the bank with a higher grade example. Very Fine+.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $1,725.00

Auction 338 | Lot 19316 » Confederate Notes » 1861 Issues

T6 $50 1861. A beautiful example of this type with outstanding color and excellent eye appeal. The margin is tight and slightly into the design at the top, but that is the only flaw on this otherwise pristine early Richmond $50. Crisp Uncirculated, an outstanding high grade Confederate note for the finest of type sets.

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $5,865.00

Auction 338 | Lot 19317 » Confederate Notes » 1861 Issues

T6 $50 1861. This beautiful early note has outstanding color and great eye appeal, and is fully New save for a light vertical bend in the center. Three of the four corners are very minutely rounded, otherwise the margins are tight but free of the design. It is ideal for any CSA type set, and would not look out of place in the holdings of even the most advanced specialist. Choice About Uncirculated.

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $2,530.00

Auction 338 | Lot 19318 » Confederate Notes » 1861 Issues

T6 $50 1861. A wonderful match to the Very Fine+ T5 above and also from the Kennedy collection, this crisp and evenly margined note is absolutely free of any problems or distractions other than several light folds picked up during a short foray into circulation in the wartime South. Brightly colored and boldly printed and signed, Very Fine-Extremely Fine and closer to the higher end of the split grade.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $1,725.00

Auction 338 | Lot 19319 » Confederate Notes » 1861 Issues

T6 $50 1861. This is a gorgeous circulated example of a very difficult type that is infrequently seen in any grade. With fantastic margins for the type, this piece has outstanding eye appeal for the grade and is hardly impacted by a couple of tiny age spots. It is signed on the back by a "Jeff Davis," obviously by a left-handed endorser and hence probably not in the Confederate President's hand. Very Fine+++, and worthy of a substantial bid from serious Confederate collectors.

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $2,300.00

Auction 338 | Lot 19320 » Confederate Notes » 1861 Issues

T7 $100 1861. This type that features a vignette of Ceres and Prosperina in the center and a portrait of George Washington in the lower-left corner is almost unheard of in high grades. This piece is a remarkable exception, as the paper quality is disarmingly beautiful with no mentionable flaws whatsoever. The margins are a little tight and are trimmed very slightly into the design in areas, but this is somewhat trivial considering the overall appearance. By far the nicest example of this rare type that we have ever seen, this Crisp Uncirculated example would impress even the most novice collector. Notes like this are nearly impossible to estimate, as spirited bidding is nearly certain to ensue any time a high grade Confederate rarity is offered, and we wouldn't be at all surprised if this note hammered far above our perhaps conservative estimate of. . .

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $7,015.00

Auction 338 | Lot 19321 » Confederate Notes » 1861 Issues

T7 $100 1861. Very Fine in appearance, but with several long repaired tears and some expert paper restoration. Although restored, this is a more affordable example that still has an attractive overall appearance.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $546.25

Auction 338 | Lot 19322 » Confederate Notes » 1861 Issues

T7 $100 1861. This nice example is of a type that is hardly ever seen in any grade. While a few folds limit the technical grade, the eye appeal is superior to most that we have seen and it is certain to elicit many bids. About Very Fine, close to the full VF grade and free of any problems save for a couple of trivial pinholes.

Bid Source: Live: eBay

Auction Ended

Jan 10, 2004

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Sold For: $1,667.50

Auction 338 | Lot 19323 » Confederate Notes » 1861 Issues

T8 $50 1861. A lovely, well-centered example with flawless paper quality. Choice Crisp Uncirculated.

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $1,150.00

Auction 338 | Lot 19324 » Confederate Notes » 1861 Issues

T8 $50 1861. A nicely margined example of this early type that was printed by Hoyer & Ludwig of Richmond. This is the scarcer variety with "for" before "Treasr." handwritten and not printed (Cr. 15). Choice Crisp Uncirculated.

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $454.25

Auction 338 | Lot 19325 » Confederate Notes » 1861 Issues

T8 $50 1861. A high grade example of this type that is more commonly seen in lower grades. Fully New and with wide margins at the bottom and right and tight only a trifle at the upper left. A tiny pinhole in the very center is mentioned for perfect accuracy. Crisp Uncirculated.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $287.50

Auction 338 | Lot 19326 » Confederate Notes » 1861 Issues

T8 $50 1861. A couple of tiny edge tears and a little trace handling keep this nice-looking note from a much higher grade. About Uncirculated.

Bid Source: Live: eBay

Auction Ended

Jan 10, 2004

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Sold For: $161.00

Auction 338 | Lot 19327 » Confederate Notes » 1861 Issues

T8 $50 1861. A pretty Extremely Fine-About Uncirculated example that has outstanding eye appeal and only a couple of light vertical folds that prevent a much higher grade. A couple of ink stains are present on the back and are mentioned for complete accuracy.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $230.00

Auction 338 | Lot 19328 » Confederate Notes » 1861 Issues

T9 $20 1861. A very pretty example that is printed on thin bluish bank note paper. Choice About Uncirculated with only a couple of faint vertical folds that limit the grade.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $161.00

Auction 338 | Lot 19329 » Confederate Notes » 1861 Issues

T9 $20 1861. Almost fully Uncirculated, but with a corner fold and a tiny nick in the top edge. About Uncirculated.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $126.50

Auction 338 | Lot 19330 » Confederate Notes » 1861 Issues

T9 $20 1861. A lovely Extremely Fine example with extraordinarily broad margins and great eye appeal for the grade.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $149.50

Auction 338 | Lot 19331 » Confederate Notes » 1861 Issues

T9 $20 1861. Pretty and problem-free. Very Fine-Extremely Fine.

Bid Source: Live: Floor

Auction Ended

Jan 10, 2004

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Sold For: $80.50

Auction 338 | Lot 19332 » Confederate Notes » 1861 Issues

T10 $10 1861. This early type is notoriously difficult to find in decent shape, and this nice example from the Kennedy collection is one of the finer that we have seen in some time. A number of folds are present but the paper remains crisp, and the margins are broad and fully clear of the design edges all the way around. A small pen notation on the back identifies this as note number 35 from the Bradbeer (1915) reference, an indication that several generations of collectors have enjoyed this relic of the Confederacy. Pleasing Very Fine and certain to excite today's collectors who will recognize the grade rarity here offered.

Bid Source: Internet

Auction Ended

Jan 10, 2004

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Sold For: $805.00