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    Rare T27 $10

    T27 $10 1861 PF-1 Cr. 221.
    A type now recognized as being the rarest Confederate note with even fewer serial numbers documented than for the T35 Indian Princess note. In fact, the T27 Fricke PF-1 variety notes were sheetmates of the T35s. Tonight's T27 offering carries the unreported serial number of 1379-Ab. The combination of a small printing on lower quality paper and being a workhorse denomination proved to be a recipe for the T27s to quickly wear out. Fricke states that this design is extremely rare in grades above Fine. This piece grades PMG Very Fine 20 Net, with restoration and rust. The restoration was skillfully performed and the rust is mostly seen on the back. We had never offered a T27 in a higher grade than this piece had achieved before Wayne Hilton consigned his Very Fine 20 example, which is offered as the next lot in this sale. A look at the census for the T27 PF-2 notes found on pages 346-47 in the Fricke 2005 edition tells us that the average grade is around Fine and we believe the same would hold true for the PF-1 number. The closest comparison we found in our archives was a PCGS Apparent Very Fine 20 PF-1 example that realized $16,450 in September 2013. Therefore we think that serious collectors who want to win this rarity should be prepared to budget in the neighborhood of...


    Auction Info

    Auction Dates
    April, 2015
    22nd-28th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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