DescriptionT11 $5 1861 PF-4 Cr. 44.
Printed by Hoyer & Ludwig, a scant 73,355 notes were actually issued. This type was the first Confederate note to not pay interest but was rather fundable into Confederate States Stock paying 8%. In our 2016 Long Beach sale, we sold an Apparent VF 25 for $2820. PCGS grades this note Apparent Very Fine 20 noting a horizontal split that has been repaired.
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