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    Description

    Beautiful T1 Montgomery $1,000

    T1 $1,000 1861. The Montgomery issue $1,000 was the only type of this denomination issued by the Confederacy, and was the highest denomination issued by the ephemeral Southern government. Printed in limited quantities during the spring of 1861 before the rebels transferred their seat of government to Richmond, most were redeemed as these notes were payable just 12 months after the issue date and accrued interest at 10 cents per day. This example, serial number 511, was curiously never redeemed, as it lacks any cancellations or interest paid notations on the back. Its appearance has likely been improved by a couple of minute repairs, including the closing of a couple of tiny edge splits and a diminutive pinhole in the center, but these would be missed by most casual observers and even a trained eye must look closely to find them. The eye appeal is fantastic for this early type, as the colors are exceptionally bold and the pen signatures are bold and clear. As for assigning a grade, About Very Fine seems to be a fair overall assessment. All four of the Montgomery issues can be considered classic rarities, and any Type 1 commands respect among both novice and seasoned collectors of Confederate currency. This is a beautiful example from the Kennedy collection, and given the demand for this classic type and the strong results in recent auctions for CSA rarities it is likely to command a final bid in the range of. . .

    Auction Info

    Auction Dates
    January, 2004
    8th-10th Thursday-Saturday
    Bids + Registered Phone Bidders: 25
    Lot Tracking Activity: N/A
    Page Views: 524

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