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    Lynchburg, VA Military Endorsement $100 T3

    T3 $100 1861 PF-2 Cr. 3 PMG Extremely Fine 40.
    One of the iconic notes of the Confederacy, this $100 was part of the initial series of notes ordered by the Confederacy, through G.B. Lamar, with the ABNCo in New York in March, 1861. Because ABNCo was focused on producing other parts of this large order, it sublet the Treasury Note portion of the order to National Bank Note Company. This first issue comprised four denominations of interest bearing notes, the $50, $100, $500, and $1,000. In order to expedite deliveries, National Bank Note Co. used pre-war vignettes exclusively, including the train in the station and America vignettes on this note. They did make some interesting modifications to the America vignette, removing and widening the bars on the shield to "de-federalize" it and removing or fading a number of the stars on the robe to make it appear less "star spangled." This note was part of a second shipment of 1000 two-subject $50-$100 sheets that was placed on April 12-13, 1861, and was shipped on or about April 22-24, 1861. According to several sources, this shipment was almost intercepted by federal authorities on the docks in New York City, but was received in Montgomery, AL on or about May 1, 1861. Federal authorities raided the printing plants of both banknote companies on April 25, putting an end to any further shipments from either company.

    This note also has an interesting endorsement on the back that we have seen on several Montgomery notes. Your cataloger's take on this endorsement is "Office of Com(missary) & Sub(sistence). / Lynchburg VA May 20th 1861 / This day paid out / ?? Williams / Capt. & ??"
    This means that Williams, who was issuing a significant number of Montgomery notes to the field at the time, had this note in circulation a scant four days after it had been processed and released by the Department of the Treasury.

    Bearing serial number 1020, this note is part of the census which numbers around 192 examples today. J. Wayne Hilton has established its provenance as far back as 1957 when Charles "Suitcase Charlie" Foster of Rushville, NY, once ANA Librarian and Curator, consigned it to a Federal Coin Exchange auction that was held on January 10-13, 1957. It realized $200 in that sale. This is a lovely note without repairs or condition distractions that is printed on bright paper and is well inked. Certain to be one of the featured highlights of any collection fortunate enough to include it.

    Estimate: $20,000 - $25,000.

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