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    Guirot Issued $50 Montgomery

    T2 $500 1861 PF-1 Cr. 2.
    The Confederacy's first issue of Treasury Notes was printed under extreme time pressure by National Bank Note Co. in New York. An order had been placed in early March, via G.B. Lamar, a banker with ties to both New York and Savannah who also served as an agent for Southern interests in New York, with ABNCo. ABNCo split the order, sending the Treasury Note portion to National Bank Note Co., who designed and produced $50, $100, $500, and $1000 denominations. They compressed the production schedule by utilizing existing vignettes that had already been done for other customers. The center vignette, The Crossing, is so detailed that the words on the tiny warning sign at the right can be read under magnification. The oval vignette of Ceres was also used on a number of state bank notes. 607 four subject sheets of $50-$100-$500-$1000 notes were shipped in less than four weeks, arriving in Montgomery on or about April 2, 1861, a scant ten days before the shooting war started in Charleston harbor. This note has endorsements on the back indicating that it was issued by Anthony J. Guirot, Assistant Treasurer-CSA on June 3, 1861 and a second endorsement acknowledging interest paid to November 19, 1861. This practice was later changed, with interest being paid annually on January 1 (and occasionally semi-annually on July 1). PCGS grades this example Apparent Fine 15, citing repaired splits and multiple restorations, not uncommon with these notes. These have been well done, and this example still faces up very well.
    From The Matthew D. Webber Confederate Collection

    View all of [The Matthew D. Webber Confederate Collection ]

    Auction Info

    Auction Dates
    January, 2016
    6th-12th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 3
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