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    Rare Confederate T1 $1000

    T1 $1,000 1861 Cr. 1.
    The Confederate States of America 1861 $1000 Montgomery series note has achieved its esteemed status in the American currency collecting canon through its rarity, beauty, and fascinating history. The quartet of impressive intaglio engraved and printed National Banknote Company green-and-black Montgomery notes were rapidly ordered and completed in New York City using the connections of wealthy Southern planter and New York bank president (and Savannah also) Gazaway Bugg Lamar. The intricate four-subject plate, though using their stock vignettes, contains numerous security printing devices from the Cyrus Durand patents. Only 607 complete sheets, with all four denominations, $1000, $500, $100, and $50 were printed. The finished notes journey southward was fortunate, avoiding capture by Northern authorities. These notes bore interest and were mostly issued from branch offices and have appropriate back endorsements. Often, each Montgomery note has its own individual story to tell, particularly so the $1000 denominations. Like the 1794 United States silver dollars, the primary status of the $1000 Montgomery renders it an American numismatic icon.
    This example has an unbroken provenance that stretches all the way back to Raphael Thian, a federal employee who put together scrapbooks filled with choice Confederate paper money as gifts for retiring dignitaries as one of his duties. One such scrapbook was put together in May 1887 as a gift to C. Enders, Jr. from Jos. S. McCoy. The scrapbook remained with the family until 1952 when well known researcher Brent Hughes purchased it for $8200. Hughes kept the entire collection until 1985 when he, in turn, sold it to William H. Kelly, a serious Confederate collector. Four years later, Kelly sold the scrapbook collection to Charles Anderson, Jr., owner of the publishing business that includes Whitman Publishing, and H.E. Harris for $125,000. The final transaction took place in 1998 when Anderson sold the collection to our Consignor.
    PCGS grades this example Apparent Very Fine 30, citing a small repaired internal tear near the center as well as some minor restorations. None of these are readily apparent through the holder and certainly do not materially distract from this historic note's desirability. Someone tonight will be able to join the numismatic luminaries who have been entrusted with the care of this great Confederate artifact for future generations of collectors and historians.
    Selections From The J. Wayne Hilton Confederate Currency Collection

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    Auction Info

    Auction Dates
    January, 2016
    6th-12th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 5
    Lot Tracking Activity: N/A
    Page Views: 1,775

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