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    T1 $1000 with Interest Statement

    T1 $1,000 1861 PF-1 Cr. 1.
    The Montgomery issue $1000 was the only type of this denomination issued by the Confederacy. The quantity issued for this denomination was only 607. Soon thereafter, the Confederacy transferred its seat of government to Richmond, and most of the Montgomery notes were redeemed. This was due to the fact that these notes were payable just twelve months after the issue date, and they accrued interest at 10 cents per day. This example has serial number 65-A, and it has importantly not been cancelled in any fashion. Two New Orleans penned endorsements are found on the back. The first is an issued statement dated "June 24th 1861." The second is an interest statement for $24.60 and is dated "Feb 25/62." It is 246 days from June 24th to February 25th, inclusive. New Orleans would be captured by Union forces a little over two months later. PCGS Apparent Very Fine 20, with small edge splits and mounting remnants on the back.
    From The Willamette Collection Part II

    View all of [The Willamette Collection Part II ]

    Auction Info

    Auction Dates
    September, 2015
    16th-22nd Wednesday-Tuesday
    Bids + Registered Phone Bidders: 6
    Lot Tracking Activity: N/A
    Page Views: 949

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