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    Description

    T5 $100 1861 PF-1 Cr. 5 PMG About Uncirculated 53 EPQ.
    Immediately after production of the Montgomery Notes was halted due to raids by federal authorities in New York, C.G. Memminger launched efforts to secure additional Treasury Notes. One of his first initiatives was to award "Southern Bank Note Company" (in reality the small branch office of ABNCo. in New Orleans) a contract to print $50s and $100s. The tiny office was ill-suited from a personnel and equipment standpoint to design and produce large quantities of bank notes. The work progressed very slowly and finally Memminger was forced to use other lithographers such as Hoyer and Ludwig to increase production. Although popularly known as "First Richmond" notes, both the $100 and its sheetmate $50, were placed into circulation after Hoyer & Ludwig's first notes. Only 5,798 notes were issued before the fall of New Orleans at the end of April, 1862 which brought an end to the production. This note may have spent most of the war in a safe or strong box collecting its 3.65% per annum interest, as there are few signs of handling or circulation. A pretty note that will fit well in any CSA or Civil War collection.
    From the Brigadier General Donald D. McClanahan Collection of Confederate & Confederate States Notes


    Estimate: $2,000 - $2,500.

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

    Auction Info

    Proxy Bidding Ends
    September
    4th Wednesday 7:50 pm CT
    Auction Dates
    September
    4th-9th Wednesday-Monday
    Proxy Bidding Time Remaining
    9 Days 17h 5m 47s
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: 16
    Page Views: 86

    Buyer's Premium per Lot:
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    This lot is in: 1 - Heritage Signature® Auctions Floor Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
    (Lots 20001-20259) - 8:00 PM Central Time, Wednesday, September 4, 2019 (6:00 PM Pacific Time).
    (Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live starts 24 hours before the live session begins and continues through the session.)

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    Additional Location Info:
    Long Beach Convention Center
    300 E. Ocean Blvd.
    Long Beach, CA 90802

    Current Bid:
    $1,000
    Bid Protection
    w/ Buyer's Premium (BP) : $1,200.00 Minimum Next Bid: $1,050 ($1,260.00 w/ BP)
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