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    Lightly Handled T4 1861 $50

    T4 $50 1861 PF-2 Cr. 4 PMG About Uncirculated 55.
    A well margined and nicely centered example that was paid out by Capt. Williams on May 20, 1861 perhaps near the Lynchburg, VA area. The $50 Montgomery note is one of approximately 180 known surviving examples based on lists of recorded serial numbers. The survival percentage of around 11.2% is due to the fact that these notes circulated more widely than the larger denominations which were mainly held as investments until redemption. National Bank Note Company used stock vignettes and counters due to the need to quickly produce and deliver these notes before the impending commencement of hostilities. The vignette of slaves hoeing was used on state notes before the war and even found its way onto T41 $100s later in the war. Pinholes near this vignette are of little consequence as the paper remains and inks quite bold.
    From the Brigadier General Donald D. McClanahan Collection of Confederate & Confederate States Notes

    View all of [The Brigadier General Donald D. McClanahan Collection of Confederate & Confederate States Notes ]

    Auction Info

    Auction Dates
    September, 2019
    4th-9th Wednesday-Monday
    Bids + Registered Phone Bidders: 2
    Lot Tracking Activity: N/A
    Page Views: 787

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