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    Likely Finest Known T15 1861 $50

    T15 $50 1861 PF-1 Cr. 79 PMG Choice Uncirculated 63.
    One of the highlights from this esteemed collection is this T15 $50 note that is an exceptional example and likely the finest surviving piece extant. This type and intaglio engraved series has been coveted by collectors due its extraordinary grace and rarity. The highest denomination $50 is extremely difficult to encounter in uncancelled high grades. Many of the T15 notes existing are hammer cut cancelled or have cut-out cancels on the bottom edge. This remarkable note has all the eye appeal one would expect in an Uncirculated piece, and it is a classic rarity. Engraved and printed by the Southern Bank Note Company, New Orleans (the printer of $100-$50 T5-T6 notes) on thick bond paper with color threads. Most of the 14,860 issued were well used, cancelled or destroyed. The vignette dies are all from the classic 1850s Rawdon, Wright, Hatch & Edson catalog. Slightly left of center at the top, a train and the sidewheel steamer in the background travel west. At the lower left, Hope (though she is traditionally described in Confederate references as Ceres) gazes upward. She holds a cornucopia and leans on an anchor. A tall vignette of Justice under an arced FIFTY is at the right. The gothic title is across, and the vermillion guilloche across bottom center is capped at each end with outlined hexagonal "L" dies. This is plate A, as all are, and serial number 1809. The margins are nearly complete all around the note and only gets very close in at the far upper right. The paper integrity is remarkable, and no issues are noticed. The vermillion color is vibrant and contrasts with the excellent inking of the black printing. Truly an amazing surviving example the likes of which we have never handled before. Lightly handled examples typically realize in excess of $20,000. This particular piece is worthy of achieving a realization well in excess of perceived auction trends and published catalog values given its illustrious provenance. Acquired from Grover Criswell 11/1975.
    From the Brigadier General Donald D. McClanahan Collection of Confederate & Confederate States Notes

    View all of [The Brigadier General Donald D. McClanahan Collection of Confederate & Confederate States Notes ]

    Auction Info

    Auction Dates
    September, 2019
    4th-9th Wednesday-Monday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 1,980

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