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T12 $5 1861 PF-1 Cr. 49 PMG About Uncirculated 55.. ...
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$10,200.00
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Description
CSA Key T12 1861 $5
T12 $5 1861 PF-1 Cr. 49 PMG About Uncirculated 55.The T12 Treasury Note is one of the most storied and controversial keys to the Confederate series. In the frenzied days and weeks after the Confederacy lost its northern bank note suppliers for the remainder of the war, Secretary Memminger was casting about for any printers who could fill the breach and provide much needed bank notes for the government. One such source he happened across was Jules Manouvrier, a small New Orleans lithographer, who was promptly awarded a contract to produce $5 and $10 notes. The T12 $5 was unique at the time for two reasons. First- the face had no vignettes of any kind and Second- the note had a printed blue back. Every other Confederate note up to that time had been uniface, including all of the Montgomery issues with denominations of up to $1000. While Manouvrier got five stars for creativity, he apparently missed the class on how to ship bank notes. After a shipment of $5 and $10 Treasury Notes had been wrapped in paper which allowed the packages to be looted en route to Richmond, a large number of $10s and a few $5s were placed into circulation with false signatures, prompting Memminger to withdraw the $10s from circulation and cancel Manouvrier's contract. This left about 15,556 $5s that were issued, making this a rarity today. This example saw little time in circulation and has a dark blue back, with PMG mentioning only minor stains.
From The Nevada Collection Part I
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Auction Info
2024 January 10 - 12 FUN Currency Signature® Auction #3594 (go to Auction Home page)
Auction Dates
January, 2024
10th-12th
Wednesday-Friday
Bids + Registered Phone Bidders: 8
Lot Tracking Activity: N/A
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