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    Impressive T2 $500

    T2 $500 1861 Cr. 2.
    The $500 Montgomery type is another impressive American currency note and rarity. Like the $1000, only 607 notes printed, and approximately 120 exist today. This has beautifully designed vignettes by the National Bank Note Company. At top center is the classic vignette used on several period Obsolete banknotes, The Crossing, attributed to James D. Smillie but not verified. A train crosses a stone bridge in the background, while a man on horseback drives cattle down a hill to the stream. The full green tinting is complex on this note, with micro-numerals on three sides of the frame and patent dates and imprint information along the bottom. Both ends have color micro-numeral ovals surrounding vignettes and dies. Lower left, Agriculture seated on a barrel. The upper corners with intricate counters. Fully signed by Alexander B. Clitherall as register and E.C. Elmore as treasurer. The back shows the endorsement "New Orleans June 7th, 1861/[signed] A. J. Guirot/Assis. Treas. CS" accomplished in fine script. The debate of which Confederate type is the rarest depends on the approach taken. According to J. Wayne Hilton's comprehensive Montgomery reference, he considers the T2 $500 as the rarest type based on auction appearances.
    Mr. Hilton purchased this note in 2002 from Neil Chiappa for $45,000. Mr. Chiappa's complete Confederate type set served as the plate notes for Grover Criswell's last edition of Confederate Paper Money, which was published in 1996. Mr. Chiappa is known for his vast and comprehensive collections of Confederate notes and Obsolete currency, particularly from Virginia where he still resides.
    PCGS grades this striking and sharply printed example Apparent Extremely Fine 40, citing minor restorations which are virtually undetectable looking through the holder. All of the penned information, on both face and back, is bold and strong.
    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: 3
    Lot Tracking Activity: N/A
    Page Views: 1,501

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