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    Alluring 1861 Montgomery $100

    T3 $100 1861 Cr. 3.
    There are today about 185 known surviving examples of the $100 Montgomery note. Based on this note's serial number, 1342, it was part of the second shipment of 1000 two-subject sheet notes that was nearly confiscated by federal authorities in New York in April 1861. The survival percentage of around 11.5% suggests that these lower denominations spent more time in circulation and a bit of less time in bank vaults or strong boxes. National Bank Note Company used two stock vignettes for this denomination. The locomotive pulling into the station is a vignette used on a number of state bank issues both Northern and Southern before and during the war. The other vignette is entitled America and again was used on a number of antebellum state bank issues. NBNCo made several subtle adjustments to the vignette from its pre-war appearance. Many of the stars on the drapery were either removed or muted so as not to give the illusion of a "star spangled banner" and the shield by America's right hand was modified to have fewer, wider bars than the original, blurring the concept of a federal shield. Later when this vignette was used in the T41 $100, the Liberty Cap and the fasces, symbol of strength through union, were removed entirely.

    The first public auction record for this piece was in a Milfred Henry Bolender auction in 1948, where the note realized $16. Hilton's research shows it was consigned at that time by Loring T. Reckard of Chicago, an ANA member whose involvement in the numismatics stretched back into the teens. It also passed through the hands of Dallas collector Gordon Bleuler. Today it is graded Apparent Extremely Fine 40 by PCGS. Some minor restorations are noted and there are remnants on the back, but the note has always been admired for its eye appeal, with the 1948 auction description reading in part, "looks much better than its grade." It is endorsed on back by John Boston and dated May 30th, 1861.
    Selections From The J. Wayne Hilton Confederate Currency Collection

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    Auction Info

    Auction Dates
    August, 2016
    11th Thursday
    Bids + Registered Phone Bidders: 3
    Lot Tracking Activity: N/A
    Page Views: 663

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