Description

    Richmond, VA- Confederate States Treasury Draft $2,000,000 March 30, 1865
    Although PCGS has identified this as a Confederate States Treasury Warrant, in actuality it is a Treasury Draft, an especially important distinction in the case of this example. As explained on pages 15-16 in Confederate Treasury Certificates: A Collector's Guide to IDRs, "a warrant authorized payment and served as an audit voucher for making the disbursement." A draft "is a bill of exchange giving an unconditional order to pay a sum certain to a named payee or bearer. If due upon presentation, it is referred to as a sight draft or more commonly a check, as opposed to a time draft."

    Dated March 30, 1865, as Richmond was on the verge of falling under the control of Union troops, this sight draft numbered 7480 was payable to John N. Hendren Tr. C.S for $2,000,000. John Newton Hendren (1822-98) succeeded the first Treasurer of the Confederate States, Edward C. Elmore. After Elmore's resignation, Hendren posted a bond on Oct. 10, 1864 and assumed the position of Treasurer, serving until the end of the war in April 1865.

    Robert Tyler signed this $2,000,000 sight draft as Register of the Treasury. Tyler (1816-1877) was the eldest son of John Tyler, the tenth U.S. President. Robert Tyler was the second Register of the Treasury for the CSA government. He served from August 13, 1861 until the end of the war.

    The back of the draft includes a notation signed in ink, "Pay to J.W. Williams," along with "John N. Hendren, Treas. CSA." A notation in pencil was added to the face at some point that reads, "interest on public debt."

    Hendren was with Confederate President Jefferson Davis during the evacuation of Richmond on April 2, 1865. Many have no doubt heard about the Confederate gold that accompanied them in their flight and there are many modern day treasurer hunters still in search of the "Lost Confederate Gold." According to Hendren's obituary, "When Mr. Davis realized that the capture of himself and his suite by the National authorities was certain, he directed Mr. Hendren to distribute the money in his possession among the Confederate soldiers, to prevent it falling into the hands of his pursuers."

    After the war, Hendren returned to his native Staunton, Virginia and resumed his legal career. He was the first judge of Augustus County. A Confederate Application for a Presidential Pardon was filed for him on July 15, 1865 and he was pardoned that day by George Pierpoint. A notation on the handwritten document reads, "Treasurer of the Reb States."

    The imprint on this sight draft reads "Engraved & Litho'd by Geo. Dunn & Compy. Richmond, VA." Dunn & Co., formed in 1863, was the main producer of CSA stocks and bonds. Dunn, a native of Scotland, was hired in London in 1861 by Major Benjamin F. Evans and was likely given a three-year contract as was typically the case with the engravers hired by the Confederate States government. In some cases, Dunn performed the engraving work and the bonds and other materials were actually printed by other firms. It is believed that he returned to Great Britain after the war.

    The vignette near upper left on this draft appears to be a modified version of the Fort Sumter vignette that was used for the scarce $5000 Four Per Cent Call Certificates that were also produced by Dunn.

    PCGS assigned a grade of Apparent Very Fine 20 to this draft. Repaired splits, pieces replaced, and design redrawn were cited as the reasons for the apparent grade.

    An item of great historic significance and the only one of its type that we are aware of.
    From The Honorable William H. Kelly Collection


    View all of [The Honorable William H. Kelly Collection ]

    Fees, Shipping, and Handling Description: Coins & Currency (view shipping information)

    Sales Tax information  |  Terms and Conditions

    Bidding Guidelines and Bid Increments

    Glossary of Terms

    Auction Info

    Auction Dates
    January, 2012
    4th-10th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 420

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $14) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    VIEW BENEFITS
    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
      winnings 
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Consign to the 2018 April 25 - May 1 CSNS Currency Signature Auction - Chicago.

    Learn about consigning with us

    I think heritage is the best auction house and has the best service - that’s why I use you. 
    Sara B.,
    Dubai, UAE
    View More Testimonials

    HA.com receives more traffic than any other auction house website. (Source: Similarweb.com)

    Video tutorial

    Getting the most out of search

    Recent auctions

    2017 December 6 - 8 HKINF World Currency Signature Auction - Hong Kong
    2017 December 6 - 8 HKINF World Currency Signature Auction - Hong Kong
    REALIZED SO FAR $1,017,763