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    Description

    T3 $100 1861 Cr. 3.
    This beautiful serial number 1342 $100 Montgomery is from the second $50-$100 printing of 999 notes each. These second printing notes barely escaped seizure in New York before being shipped to the Confederacy, adding to their allure. The additional printing, along with the initial 607, made a total of 1606 $100 Montgomery notes issued, and there is a greater percentage known from this second printing than the first. The interest-bearing note paid "interest at one cent per day." Like the others in the series, the National Bank Note Company engraving and color tinting work is superb. A bold rendering of a railroad station is under the arced title. To the left of the train, workmen are on the loading dock with barrels, sacks, and milk jugs. To the right of the train, passengers congregate on the platform. Columbia (partially altered from the similar "America" usage by the imprint), holding a crown of laurel leaves, is at the left. Both vignettes were used on several late-date Obsolete notes printed by the National Banknote Company. Intricate color frame, tint plate, counters, and devices appear. The usual signatures across, Alexander B. Clitherall as register and E.C. Elmore as treasurer. New Orleans back pen endorsement that issued the note is dated "June 14, 1861," and re-issuance with interest on June 28, 1861. There are approximately 190 $100 Montgomery notes known in all grades, ranging from well circulated to Choice New condition. The note is well pedigreed and was formerly in the Museum of Connecticut History, Joseph C. Mitchelson collection. Consigned to Stack's April 15, 1998 sale, this realized $13,420. This is a pleasing Montgomery and represents the series ably. PCGS graded Extremely Fine 40. The note has a New appearance from the face and boasts complete margins all around. This series and type is always in demand.
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    Auction Info

    Auction Dates
    January, 2016
    6th-12th Wednesday-Tuesday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
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