2039

T-4. 1861 $50 Confederate Currency. PMG Very Fine 25 Net: Stained, Minor Repairs.

Currency:USD Category:Coins & Paper Money Start Price:3,500.00 USD Estimated At:7,000.00 - 9,000.00 USD
T-4.  1861 $50 Confederate Currency.  PMG Very Fine 25 Net:  Stained, Minor Repairs.
CURRENT BID
3,500.00USD+ applicable fees & taxes.
ENTER YOUR MAXIMUM ABSENTEE BID[?]
You must bid at least
3,600.00USD
USD
3,600.00 x 1 unit = 3,600.00USDApplicable fees & taxes are added at checkout.
[?]Live Online Auction Starts In 2020 Feb 28 @ 18:00 (UTC-5 : EST/CDT)
Invoices Due on Receipt -Mail checks payable to Kagin's, Inc. 1550 Tiburon Blvd. #G-201 Tiburon, CA 94920
Kagin's Auctions Loyalty Program!
You get 1% Hammer(price) of your Purchases back as
credit towards your next Kagin’s Auction!

T-4. 1861 $50 Confederate Currency. PMG Very Fine 25 Net: Stained, Minor Repairs.

The last of the four Montgomery notes that were issued while the capital of the Confederacy was located there. Produced by the National Bank Note company, these notes bore interest at one half cent per day. Only 1,606 were printed, with less than 200 known today. This is from the second printing of notes that encompasses serials 608 through 1601, as these were printed on a half sheet along with the T-3. All notes are signed by the actual Register Alex B. Clitherall, and by Treasurer Edward C. Elmore. While the note is dated May 23, 1861, the endorsement on back notes it was issued on June 26, 1861 by Major and Assistant Quartermaster George W. Clarke, likely in the Fort Smith, Arkansas area. Clarke would spend most of 1861 and 1862 in Arkansas. PMG mentions stained and minor repairs on the back of their holder.

Grading Company: PMG VF25NET

Serial#: 1561 pp APedigree/Collection: