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    Illustrious and Vibrant $1000 Montgomery Note-The Newman-"Colonel" Green Collection Note

    Confederate States of America - T1 1861 $1000 Montgomery Issue PF-1, Cr. 1. PCGS Very Fine 35.
    The Confederate States T1 $1000 Montgomery Issue note is an iconic rarity in the American paper money canon. The Eric P. Newman example is an illustrious member of the Montgomery note quartet and boasts, along with his other denominations, the famous "Colonel" E.H.R Green collection pedigree. Its phenomenal vibrancy, sharp printing and complete margins, give a first impression of an Uncirculated note. More importantly, it is not cancelled in any manner at all. Of the 607 printed and issued, this is among the finest looking $1000 Montgomery notes known. The combination of remarkable appearance and stellar pedigree presents an exceptional offering. This very distinctive type has a seemingly simple layout, but reveals state-of-the-art engraving intricacies upon close examination. The richness of the National Bank Note Company engraved black printing is amplified by the green tinted cycloidal guilloche configurations created by Cyrus Durand's patented spiral lathe machines. The note is framed around in color, the tint patent date is the in the bottom left and imprint in the bottom right. A repeating pattern of denominations, textual and numerical, is across the center. Titles, denomination, MONTGOMERY, and the interest statement "with interest at Ten Cents per day" are above the green-shaded signature block. The counters in the top corners are composed of 12 overlapping ovals, each with an outlined arcing ONE THOUSAND above 1000. The left counter has "M" in the center and the right, "1000." Portraits are below the counters in the side panels: John C. Calhoun is at left, and Andrew Jackson is at right. Hand dated except for the engraved "18" and lines for two signatures stacked. The signatures of Alexander B. Clitherall as register and E.C. Elmore as treasurer are very sharp. Plate letter A, and machine numeral 44. The plain back has the endorsement "New Orleans June 8th, 1861 / [signed] A. J. Guirot / Assis. Treas. CS" accomplished in elegant script. This note has exemplary paper integrity and originality and is very well margined all around. The serial number is interesting, and a few notes in the vicinity are known, including the 1908 Harmon Chambers Chapman sale example (#46). Among the finest uncancelled $1000 Montgomery notes, this is without a doubt high in the condition census. There are currently 138 $1000 Montgomery notes recorded by Pierre Fricke on a census that likely commenced in the 1960s by Grover Criswell and continues to this day. Most are low grade, cancelled with holes or cut cancelled; they have often received repairs to improve their appearance. This example is far ahead of the majority of existing notes and is the finest uncancelled note to appear at public auction in recent memory. This note is superior to the PMG Very Fine 25 (with repairs, stains) serial number 15 Bowers collection note (ex: Gable via Chapman's May 27-29, 1914 sale) sold by Stack's in September 2010 for $46,000. Conservatively estimated in relation to several other American numismatic icons. This is one of the most illustrious Newman Collection currency notes and is destined to become a centerpiece of the next cabinet it joins.
    Ex: "Colonel" E.H.R. Green; Green Estate; Partnership of Eric P. Newman / B.G. Johnson d.b.a. St. Louis Stamp & Coin Co.; Eric P. Newman; Eric P. Newman Numismatic Education Society.




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    Auction Info

    Auction Dates
    October, 2015
    21st-24th Wednesday-Saturday
    Bids + Registered Phone Bidders: 16
    Lot Tracking Activity: N/A
    Page Views: 2,811

    Buyer's Premium per Lot:
    17.5% of the successful bid (minimum $14) per lot.

    Truth Seeker: The Life of Eric P. Newman (softcover)
    A powerful and intimidating dealer of the 1960s, backed by important colleagues, was accused of selling fraudulent gold coins and ingots to unsuspecting numismatists. Who would go up against a man like that and, over the course of decades, prove the fraud? Who would expose a widely respected scholar as a thief, then doggedly pursue recovery of coins that the scholar had stolen from an embarrassed numismatic organization, all over the objections of influential collectors who had bought coins with clouded titles? Eric P. Newman would - and did. Reserve your copy today.
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