LOT #20003 |
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T1 $1,000 1861 PF-1 Cr. 1.. ...
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Sold on Aug 17, 2018 for:
$26,400.00
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Description
Appealing Montgomery $1,000
T1 $1,000 1861 PF-1 Cr. 1.The Montgomery issue $1,000 was the only type of this denomination issued by the Confederacy, and was the highest denomination issued by the Southern government. The quantity was only 607, with this note issued on May 28, 1861. Soon thereafter, the Confederacy transferred its seat of government to Richmond, and most of the notes were redeemed. This was due to the fact that these notes were payable just twelve months after the issue date, and they accrued interest at 10 cents per day. This example, serial number 86, has a cut cancel that was repaired with philatelic tape. Also, another repair with the help of philatelic tape is found in the lower right-hand corner, plus there are a couple of other minor edge reinforcements done in a similar fashion. A few other trivial splits and a replaced piece at bottom are observed by PCGS, but the overall eye-appeal of this majestic note is a treat with its nice color and penned signatures. All four of the Montgomery issues can be considered classic rarities, and any Type 1 commands respect among both novice and seasoned collectors alike of Confederate currency. Previously from our offering of the Benjamin Rush Powel Collection. PCGS Very Fine 30.
From the Randall Martens Collection
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Auction Info
2018 August 17 ANA WFOM Currency Platinum Night Auction - Philadelphia #3566 (go to Auction Home page)
Auction Dates
August, 2018
17th
Friday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 1,104
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