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    Description

    Charlottesville, VA- Monticello Bank $9 July 1, 1861 G19a J-L BC25-23A PMG Choice Fine 15.
    This is an excessively rare odd denomination note that is seldom encountered. The reason for the existence of these odd denomination notes was to provide an alternative for making change. A $9, for example, could be paid out to someone who was making a $1 purchase with a $10 note. This note was issued just weeks after Virginia was admitted to the Confederacy when the bank had transitioned to issuing unregistered notes for circulation. Demand for this denomination was such that the bank did not have its design modified but simply put notes in circulation without the state treasurer's countersignature. As a bonus to great rarity, this note is in fully issued form and is free of repairs and any meaningful condition distractions. We have only sold one other example of this note which crossed the auction block for $8225 in our 2016 CSNS Currency Signature Auction.
    From the Aberon Collection of Virginia Obsolete Banknotes


    Auction Info

    Auction Dates
    July, 2020
    31st Friday
    Internet/Mail Bids: 16
    Lot Tracking Activity: N/A
    Page Views: 709

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