Shipley's Currency - Inventory - CSA

Inventory - CSA - 1861 - 1862 - 1863 - 1864:

Below are my current 1861 CSA offerings . Visit the Terms page to order. To return to Home page; click "Shipleys Currency" at upper left. All notes in stock unless otherwise indicated. * PLEASE NOTE * ALL NEW SCANS AND MOST SCANS PRESENTLY ON THE WEBSITE ARE NOW SCANNED AT 300 DPI. THIS WILL ENABLE YOU TO VIEW A NOTE FAR BETTER THAN LOOKING AT IT WITH THE NAKED EYE. TO VIEW AT 300 DPI; CLICK THE MIDDLE BOX THAT OPENS WHEN YOU ARE LOOKING AT THE SCAN. NOT THE "-" OR THE "X".

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Abbreviation Key

1861	$50	T-4 CR-4	Serial # 1259. I am very pleased to be in the position to offer a nice, evenly circulated Montgomery issue; as these notes are seriously becoming impossible to locate. This example is not a blast Gem CU or the like; but rather a note which did it's job. It circulated in commerce early in the Civil War. One of the "Big 6" of any CSA type set. The others being the rest of the Monty's (T-1 thru T-3), T-27 and T-35. A rather prominent center fold runs the entire length of the note. The note was likely then placed in a wallet or the like; causing the somewhat rough area near the numeral "50" at the bottom front of the note. This would especially be true if the note were folded (as I do my modern currency) with the face and denomination facing out and the bottom of the note being placed at the bottom of the wallet. Irregardless, a very presentable T-4 with no problems. At a recent show this August (2010), I saw two or three of these much, much rougher than this note. Every note I saw was torn, chinked, frayed or had something wrong with it; yet the prices ran from $16,500 to $19,500. No reverse endorsement which is a tad unusual, although several exist without same. An opportunity to acquire a very rare note at a more than reasonable price. Around 170 known in all grades.	FINE	POR/ Less than 15K	Reverse
1861	$100	T-5 CR-5	Serial # 3294. Another superb example of this early and most difficult Confederate issues. One of the most beautiful examples of Confederate notes engraved and printed by the Southern Bank Note Company; which was in reality the American Bank Note Company of New York. Offices were opened in New Orleans after the US government seized plates made for the Montgomery issues. Printed upon high quality bank note paper and as clean and bright as they come. Superb color, clarity and although tight; fully framed. Issued without the usual ink endorsement upon the back; and desirable by many who do not like the ink from the back which shows through upon the front. No pinholes, problems and as white and crisp as they get. Superb color and extremely well inked.	UNC+	$5050	Reverse
1861	$50	T-6 CR-6	Serial # 2436. Another superb note, along with the T-5, known as the first "Richmond" issues. The first 4 CSA notes; T-1 thru T-4 were issued at Montgomery (save for a few T-2's) and the The 5 and T-6 were the first issued after the Capitol of the Confederacy moved from Montgomery to Richmond. further, the T-5 and T-6 were the last two notes issued by the Confederate Treasury Department to bear the actual signatures of the Register and Treasurer of the Confederacy. A blast white note bearing superb emerald green color. Not one, single problem and as good as one could hope for. Crackling crisp and fresh. Fully framed...a true miracle of survival coming up on 150 years old. Endorsed upon the back by Major W.I. Anderson at Memphis, TN just as the T-5 above. If you ever wanted a great mating pair, these two would be it. A super T-5 which combines quality and rarity....a combination that one cannot go wrong with.	CHOICE CU	$5895	Reverse Pic 2
1861	$50	T-6 CR-6	Serial # 3739. Simply a breathtaking note. Perfect trim, although cut just a tiny, tiny bit tight at the upper left. Due to this, the note must be graded Uncirculated. A tick away from Choice Uncirculated and a beauty. Red fiber throughout.	UNC+	$4850	Reverse
1861	$50	T-6 CR-6	Serial # 2402. As much original embossing as I've seen upon this issue and simply gorgeous. Signed by Robert Tyler for Register (to the left) the son of President Tyler and E.C. Elmore; the actual Treasurer of the Confederacy at the time. The last note signed by the actual Register and Treasurer. Signers were utilized for the remaining Treasury notes until the end of the Civil war. Cut just a tick tight at the left front, the note is otherwise immaculate. Again, we see the endorsement of Major W.I. Anderson, QM Sept 16/61Memphis, Tenn upon the reverse. What appear to be a fold at the far upper right of the back is actually a sheet crimp (as made); however, what you see directly beneath that crimp in the sheet is a fold. The only fold I might add. A very tough note with superb emerald green color against a bright white background. An opportunity to acquire a very desirable Confederate note at a very reasonable price.	AU	$3950	Reverse Pic 2
1861	$100	T-7 CR-11	Serial # 4326. An exceptionally attractive example of the issue and consecutive to the serial number 4327 note which was previously listed on this site and now sold. Typical tight cut at the upper left margin. Bright, clean and crackling fresh. An ink transfer or "doubling" effect is noted upon the back of the note; exactly as the 4327 note was. It would appear that a wet sheet of freshly printed notes was placed upon this sheet in the stack and the reverse doubling was created; a most intriguing feature and not the least bit distracting. A very high grade example of this extremely tough issue.	UNC	$3250	Reverse
1861	$100	T-7 CR-13 No "T" before Treasr.	Serial number 20071. Hand written "for" before Treasurer to lower right; although the abbreviation for the for Treasurer is missing the "T". Very well inked with superb contrast and eye appeal. Bright red ink serial numbers and bold signatures. Cut just a hair close at the upper right; although not distracting from the note's appearance. Clean, bright and fresh with not a single pinhole or other problem. 3 vertical folds which may be viewed from the reverse scan. When considering the purchase of any note based upon a scan; you MUST have a scan of the reverse. You CAN NOT grade any note from a scan of the front only. These scans are at 300 dpi; much larger than a person's ability to see with the human eye while examining a note. A very appealing, problem free example of this tough issue.	XF	$3675 SOLD	Reverse
1861	$50	T-8 CR-15	Serial # 43262. A pleasing example bearing the mysterious blue "C" stamp. Cut close at the lower left, otherwise fully framed. Clean, bright and as crisp as they come. With proper magnification, a light corner fold is found at the upper right reverse. Sold to me as CU; the note is a nice AU. A solid note.	AU	$475	Reverse Pic 2
1861	$50	T-8 CR-15	Serial # 46637. Blue "C" stamp and center portrait of George Washington; the Father of the Confederacy. No? Well; close. Beautifully trimmed with superb contrast and clarity. One light ink smudge at Delony's signature for Register to the left. Completely understandable when one considers the wet sheets being stacked just after printing. I'm surprised it does not happen more often. The curve you see on the back is a very light sheet crimp and can not be seen with the naked eye. It does not follow the normal flow of a fold and occurred when the unprinted sheet was, either during manufacture or transport; crimped or pinched in a given area, thereby creating a raised area. This one is so light you would not even see it...if not for the 300 dpi scan. A very attractive T-8. While these seem plentiful today; I still recall the time when we thought there would always be plenty of T-15's to choose from as well! Clean, crisp and bright. Cut just a fraction tight at the middle bottom; thus the grade of Unc.	UNC.	$550	Reverse
1861	$50	T-8 CR-18	Serial # 30556. Plate Bb. A very well trimmed, mid grade example of this early issue. Most often; T-8's are found trimmed in at the feet of Tellus to the left. This example is fully framed and faces up extremely well. Some foxing upon the reverse and the price has been adjusted accordingly. A very presentable mid grade note for the budget minded collector.	VF	$250 SOLD	Reverse
1861	$50	T-8 CR-15 PMG-AU 55	Serial # 10263. Bright white with superb clarity and contrast. At first glance, this note looks uncirculated. However, upon holding the note just right, a very light fold is observed in the center of the note. cut a tick tight at the upper right. Overall, a very pleasing T-8 that is most definitely priced to sell.	PMG AU-55	$575	Reverse Pic 2
1861	$50	T-8 CR-19	Serial # 13687. Plate "C". "for" printed before Treas'r on thick bond paper. Simply a magnificent T-8. Not one, single, solitary problem. No spots, stains, pinholes or folds. Superb trim and as crisp and fresh as the day it was printed. Notes such as this one are becoming ever more difficult to locate and are definitely performing better than the 1% interest one can get on his/her money at the bank. The day will soon be upon us when "we remember" when notes like this one were available. A gem and just an outstanding CSA note.	GEM CU	$1150	Reverse
1861	$50	T-8 CR-20	Serial # 29068. Plate "C". "for" before Treas'r printed. Thin paper. It is hard to believe that a piece of paper such as this note could survive near 150 years in this immaculate state of preservation. Add the fact that it was printed upon thin paper and it becomes even harder to believe. No ink bleed or burn and a choice example of this thin paper T-8. This particular variety of T-8 was prone to ink bleed and there is not a smidgen, nor a sign of any beginning. Dead solid, perfect cut. This one has it all and I need say no more.	GEM CU	$1100	Reverse
1861	$50	T-8 CR-22	Serial 21892. Plate "C". "for" handwritten over Treas'r. Thin paper. As crisp as the day it was printed. Cut somewhat tight at the bottom; this issue is a tough one to locate. Bold signatures and serial numbers. An old Bradbeer (1915) reference number appears on the back along with some contemporary initials. Until the 1940's, when Phillip Chase began cataloging CSA notes, Phillip Bradbeer's 1915 work was the only reference collectors had. Grover Criswell based his work upon Bradbeer and it remains in use today. The note here offered was "splattered" a bit in the signing room; not the least bit unusual considering the number of quill pens in use, the number of people signing and the likely close quarters they were in. A nice note and one which I have taken into account the ink and trim in the price. A great opportunity to add this issue to your collection.	AU	$395	Reverse
1861	$20	T-9 CR-31	Serial # 54160. Another choice example of this very tough, R-7, 1861 issue. What appear to be folds upon the reverse are not. The upper left reverse appears to have a corner fold which is in reality a sheet crimp and not a fold. The vertical line at the right quarter of the reverse is a sheet striation and imbedded in the paper and as made. Fully framed and and very attractive with strong bold signatures and serial #'s. A note which; without the sheet crimp at the upper left, would easily fetch $1000 in today's market.	CU Sheet crimp/gutter fold	$975	Reverse
1861	$20	T-9 CR-31	Serial # 50148. Plen "D". "For" before "Treasr" printed upon thick bond paper. Flawless and as clean, crisp and bright as they come. 1861 material in this lofty state of preservation continues to go up in price; as there is none to be found. A superb CSA note.	GEM CU	$1195	Reverse
1861	$20	T-9 CR-31	Serial # 8246. Thin paper and exceptionally well inked and clean; especially for the grade. No pinholes or ink bleed. Great eye appeal and very crisp. A nice problem free example of T-9 in a circulated grade.	VF	$250	Reverse
1861	$20	T-9 CR-32	Serial # 100766. "Plen "D". "FOR" before "Treasr" printed; thin paper. Clean, bright and fresh. Cut tight at the right; otherwise, no problems. No pinholes, ink bleed or burn. A beautiful T-9.	AU	$425	Reverse
1861	$20	T-9 CR-32	Serial # 52331. Plen "D". A very presentable T-9 for the grade and free of the normal problems associated with it's state of preservation. If you want a nice, clean, bright T-9; free of pinholes or other problems...this one if for you.	F/VF	$235	Reverse
1861	$10	T-10 CR-34	Serial # 91281. "A" plate. "for" printed above Treasr. A nice problem free example of this tough 1861 issue that simply does not exist in high grade. A tick better than fine and very clean, bright and fresh. Totally original and not one single pinhole.	FINE	$575	Reverse
1861	$ 5	T-11 CR-43	Brown ink serial # of 340. "B" plate; small additional "f" before "for" to lower right. The "B" plate T-11 is an excessively rare note; being much more scarce than the famous T-35 (Indian Princess). The T-11, along with T-10 and a few other Confederate treasury notes were printed upon very poor wood or rag pulp paper. Being a low denomination note; T-11 circulated very heavily and is today very seldom found in one piece. A "work horse" note would be an understatement. I have seen these most often backed, or with corners gone or in pieces. I am talking the Bb plate; not this one. The opportunity to acquire a "B" plate T-11 very seldom arises. I sold one of these (without the extra "b") a tick nicer than this one in 2007 for $14,000, which is Pierre Fricke's price reference as seen in his 2008 work on Confederate Treasury notes. Most collectors are unaware of just how rough the T-11 is usually found and may (understandably) find it difficult to comprehend just how nice this note is. Listed in Fricke as a Rare Variety and called out as PF-2. The extra "f" may be seen with the naked eye and is more ascertainable with a decent magnifier. A rare opportunity to acquire an extremely rare variety at what an ordinary T-11 would cost.	FINE	$8250	Reverse
1861	$ 5	T-12 CR-49	Serial # 349. Plate "I". An exceptionally clean, bright and fresh T-12. Bold, vivid signatures, date and serial number. Very well trimmed with typical light blue back. I have seen a few Choice CU T-12's in my day; and I can tell you that the back of a CU note is not much brighter than this note. It was very light blue to begin with. No restoration or repairs and totally original. Fresh to the market from an 80 year old collection. No pinholes or problems of any kind and great eye appeal for this issue. Far and away above any average T-12 or a T-12 in this grade range. Priced to sell at $700-$900 below the going retail rate.	FINE+ Market Grade VF+	$4750 SOLD	Reverse
1861	$50	T-14 CR-61	Serial number 1378. A very attractive, early 1861 and low serially numbered issue. No ink bleed through at signatures and very clean, crisp and bright. Cut tight at top and bottom margin. The very faintest light fold is visible from the reverse if held to the light properly. No signs of handling at all. Very bright and crisp	AU++	$215	Reverse
1861	$50 S/N 13	T-15 CR-79	Serial #13. The lowest serial I've seen on T-15 by a long shot. Cut out cancelled; as is quite obvious. An above average example as far as color, brightness and clarity go. No problems of any kind; including pinholes, tears, chinks, stains or the like. An opportunity to acquire a quite rare Confederate note at a very reasonable price. Just as much a part of history as an uncut note; but at less than 1/4 of the price. This is the kind of note that would appeal to collectors who already possess a T-15....as where are you going to find a lower serial number than 13?	FINE+ COC	$2250	Reverse
1861	$50	T-15 CR-79 C/C	Serial # 5074. While not the best T-15 I've ever handled; I've sure had worse. Cut tight at the right margin. Although cut cancelled; the cancellations are very tough to see and the bank hammer did not penetrate the note as it should. This could have easily been overlooked. Exceptional color for the grade. T-15's are next to impossible to locate. I have been searching for a nice example for two years and have had no luck. Better 15's are either tightly held or are much more rare than one might think. In any event, an opportunity to acquire a true CSA rarity at a much more affordable price that an uncut note. Interesting, the reverse manuscript notations say at the top back " Joseph McCollum To" and at the bottom back "S M Whitson". It would indeed be interesting to know what gave rise to these signatures. A very affordable example of a quite rare note.	FINE C/C	$4750	Reverse
1861	$50	T-16 CR-80	Serial #36542. Nice bright note. Neat reverse notation with name and regiment. Cut a bit tight at lower right. A quality note for the grade.	Fine + MKT VF	$325	Reverse Pic 2
1861	$50	T-16 CR-84	Serial # 74747. Engravers name below Fundable clause and printed upon paper bearing a large "CSA" in script letters watermark. This note well illustrates the benefit of buying notes you can see, rather than notes described in a book or catalog. A list can not tell you what kind of cut the note has. Nor can it tell you about color, and overall eye appeal. The example offered here is absolutely choice for the grade. T-16's like several other issues, had no frame line around them. Consequently, they are 99% of the time found cut in somewhere around the note. The example offered here is trimmed beautifully, with plenty of extra white paper all the way around the outside of the note. The watermark is bold and vivid; although cannot be seen against the white background of the scan. Simply a superb note. The area at the upper right from the back is actually a raised area (sheet crimp/gutter fold) and as made. A beauty.	CHOICE XF	$895	Reverse
1861	$50	T-16 CR-91	Serial number 21782. 2nd series. A pristine example which possesses as much clarity and contrast as one could hope for. Superb! Four very tiny pinholes which are extremely difficult to see. Clean, bright and crackling fresh. They just don't come much nicer than this. Indeed a beautiful Confederate note.	CH. AU	$1095	Reverse
1861	$50	T-16 CR-92 2nd Series	Serial # 2262. Engravers name above Fundable clause. 2nd Series. "CSA" Script letters watermark. A superb T-16 of the Second Series. Dead, solid perfect trim, which is very, very difficult upon T-16. The scan appears darker than the note. Superb color, clarity and contrast. Free of pinholes or problems of any kind. This note saw little use, as it retains it's original crispness and body. Graded on the conservative side and a whole lot of T-16 for the money. Simply a gorgeous note.	Choice VF/ XF	$525	Reverse
1861	$20	T-17 CR-99	Serial # 30788. Simply a choice T-17 for the grade. Superb color and downright fantastic trim for T-17. Many collectors are unaware of just how bad most T-17's are trimmed. In my opinion, this issue stands out as one of the worst; if not the worst, trimmed notes of all 72 CSA issues. The note here offered is crackling crisp....as crisp as any new note you could get at your bank today. 99% of four borders; which is phenomenal with T-17. No ink burn and as stated; simply magnificent color. If you are seeking a superb T-17 that won't "break the bank", this note is for you. From here, you get into several thousand dollars in a hurry. Priced in Fricke's latest work at $2200...although I'd like to wish anyone luck in locating a T-17 trimmed this well bearing this kind of color for any amount. Superb.	CHOICE VF	$1995	Reverse
1861	$20	T-17 CR-99	Serial # 17839. Bright and nice. Full body and crisp. Cut tight at the left margin; which is the norm for T-17. A minor edge ding at the lower right from the face. A far above average T-17.	VF+	$1100	Reverse
1861	$20	T-17 CR-99	Serial # 21677. A superb T-17. Trimmed somewhat tight at the top; but not near as bad as the majority of T-17's. T-17 is known for bearing the worst trim of any CSA Treasury Note. Crackling crisp. Get a hair above this note and you are in the 5-6 K range.	XF	$2100	Reverse
1861	$20	T-17 CR-99	Serial # 21369. A well circulated example of this workhorse note; although exceptionally nice for the grade. Not one pinhole, very clear and legible serial number and signatures. What definitely separates this note from other 17's at this grade level is the trim. T-17 is well known for perhaps having the worst trim in general than any other CSA note. Not so with this example, as it is fully margined. The green overprint is very vivid for the grade as well. If you are looking for a nice, problem free mid-grade example of this issue, you can't go wrong here. Good trim will add more to a T-17's value than most any other Confederate Treasury note. Very nice.	FINE Choice Trim	$995	Reverse
1861	$20	T-17 CR-100 Written "FOR"	Serial # 32414. A most presentable example of this quite scarce variety of T-17. 99 of 100 T-17's are extremely poorly trimmed. This note is actually well trimmed for a T-17. The example offered here presents with the written "FOR" to the right of "Treas" at the lower right and to the left of "Register" at the lower left. This scenario was created when the printed "FOR" was erroneously omitted from one of the many plates utilized in the printing of T-17. Consequently, both "FOR's" were placed there in ink. A rare variety and most elusive. A very solid note for the grade with absolutely no problems such as pinholes, chinks or the like. Priced in Fricke's 2008 Field Edition at $1800.00 in F/VF. This note is not VF; although is a solid Fine and priced accordingly. A most desirable Confederate note.	FINE	$1250 SOLD	Reverse Pic 2
1861	$20	T-18 CR-105 RED ROUND TRANS-MISS	Serial # 27306. Plen "bA". No flourishes. Cut cancelled. Bright white and fresh. PMG graded this note Net VF 25 due to "Cut Cancel Repair" which phrase appears on the back of the holder. Good grief! I suppose the folks over at PMG do not know that when notes were retired and to be cut cancelled; they were placed in stacks and struck with a bank hammer. These notes were not cancelled one at a time! Upon striking a stack of notes; those at or near the bottom of the stack were less likely to be penetrated by the bank hammer. This is classically illustrated here. There are no "repairs" of the cut cancel. Obviously, this note was near the bottom and not entirely cancelled. I have seen this hundreds of times. In fact, I have seen notes which I had to deem cut cancelled; that were not cut at all, although had the outline of the bank hammer present. On occasion, cut cancelled notes will be seen with only a sliver or small portion of a cut. Irregardless, a beautiful, bright and amazingly clean note. An outstanding Trans-Mississippi stamp is also present. The stamp is clear and very legible. Any note re-issued West of the Mississippi River in the huge Trans-Mississippi Department is extremely desirable. An absolutely genuine stamp and most attractive note. Exceptional for the grade.	VERY FINE c/c PMG VF 25 "Net"	$395	Reverse Pic 2
1861	$20	T-18 CR-107 Round Trans-MS Stamp	Serial # 13998. An incredibly nice T-18 on it's own; much less with the Red Round Trans-Mississippi Re-issue Stamp. Fully framed and as nice as I have seen in many years. Although cut cancelled, this is one desirable note. Bright, clean and crisp. T-18's were workhorse notes and few are seen this nice without the Trans-MS Stamp.	XF	$595	Reverse Pic 2
1861	$20	T-18 CR-134 Red Date Stamp 9/22/62	Serial # 63181. Flourishes between "Confederate" and "States". No flag on mast. Plen A 25. Exceptionally well inked with subsequent superior clarity and contrast. Tiny rust hole the size of a pinhole noted below "E" in Confederate for accuracies sake. Great eye appeal for the grade and very well trimmed. This note, along with T-20 was one of the most heavily counterfeited Confederate notes during the Civil war. As stated herein, it is my opinion that the red stamp of 92262 represents a date. In this case; September 22, 1862. The note was validated as genuine upon this date and so stamped. Becoming very difficult to locate. To me; intriguing as it represents important evidence of the counterfeiting problem faced by the Confederacy and a measure to combat same.	FINE+	$150	Reverse Pic 2
1861	$20	T-18 CR-134	Serial # 50602. No flag on mast. While a very common note; the T-18 is downright difficult to locate "all there". Nearly always found on aged, brownish paper; this example is printed upon white, non-toned paper. Not a hint of a fold, with choice contrast and clarity. Given the nature of the low quality paper this issue was printed upon; it is a scarce occurrence to locate an example; such as this one, which is free of pinholes. No stains, chinks, tears or the like. A gorgeous T-18 and much, much tougher than one would think...especially in this lofty state of preservation. Trimmed just a tick tight at the upper left margin. Even though so trimmed, a superb T-18.	UNC - Nearly Choice	$225	Reverse
1861	$20	T-18 CR-134 EXCESSIVELY RARE SHREVEPORT, LA RE-ISSUE	Serial # 5367; an unusual 4 digit number for this issue. Three masted sailing ship in center. Plain reverse. A nice, evenly circulated example of this rare note. The late Dr. Douglas Ball termed these Shreveport, La re-issued notes "Kirby Smith Re-Issued notes". In the Fall of 1863; General Kirby Smith was transferred from Knoxville, TN to head the Trans-Mississippi Department; West of the Mississippi River. This department was the largest geographically in the Confederacy; although the most remote from printing facilities in Richmond and Columbia. Smith was in constant need of funds for the payment of troops and also the procurement of supplies. Continued requests from Smith to Christopher Memminger, the Treasurer of the Confederate States of America fell on deaf ears. Eventually, the Confederate Congress passed the appropriate act for Smith to re-issue retired notes in the Trans-Mississippi Department. These notes are found with the red or black round stamps we see today and known as "Trans-Mississippi" Stamps. The stamps were sometimes red or black straight line stamps. An example of an "official" Trans-Mississippi Stamp may be seen by looking at the T-18, Cr. 107 listed above. The black Shreveport, Louisiana stamp seen upon this note is far more rare than the authorized stamp mentioned above. Smith arbitrarily ordered the re-issue of the Shreveport notes upon his own, with no authorization from the Confederate Congress. Issued before the official Act of Congress allowing Smith to re-issue notes. Extremely scarce; the Shreveport notes are many hundreds of times more scarce than the authorized "Trans-Mississippi" re-issue stamps seen on the T-18 above. I have had the occasion to encounter a few of these over the years; although all were cut out cancelled. The only examples of the Shreveport re-issue I have seen are on T-20, T-10 and T-9. As stated, all were COC. As late as 1986, Dr. Ball noted that he had seen only two T-18's so stamped. Forgoing a treatise here; suffice it to say that this note is extremely desirable and scarce. Were I younger; you can bet that this note would have gone into my collection, as it is the best I have ever seen. The note is totally problem free and bears the most vivid Shreveport stamp one could ever hope for. Exceptionally clean and bright for the grade with no problems and not one pinhole. Amazing. The only uncut Shreveport re-issue known by me. Absolutely, positively guaranteed genuine. Quality and unquestionable rarity; a tough combination to beat.	CHOICE FINE	$1150	Reverse Pic 2
1861	$20	T-19 CR-137	Serial # 12650. A very strong, solid example of this extremely scarce issue. Uncut T-19's are exceptionally difficult to locate; especially problem free examples such as the note here offered. Exceptional color, and not one single pinhole. Bold signatures and serial numbers. Much nicer than what is usually encountered at this grade level. T-19 is more difficult to locate than T-15. As is the norm with T-19; cut tight at the right and left. I have taken this into account with regard to the cost of this scarce note. Attractive, no problem notes bearing great eye appeal such as this one are rapidly vanishing. Easily VF to market graders and the grading services. If you were fortunate enough to locate an uncut T-19 a tick better than this one; you would be getting to $20,000 in a hurry. Clean, bright and full of red fiber. A choice note for the grade and a note that you can not go wrong with.	FINE (Market grade:VF	$5850	Reverse
1861	$20	T-19 CR-137	Serial # 4332. A totally original and very appealing example of this extremely rare Confederate issue. Uncut T-19's are rapidly heading toward five figures, and in my opinion, will be there before we know it. As crisp as a CU note, I doubt this piece saw much actual circulation. Even though folds are present, I base my opinion upon the body and original crispness of the note. It may have well been folded and put away, after seeing some use during the Civil War. Great color and contrast. Three out of four full margins with bold, bright serial numbers and signatures. If you need a T-19, now is the time to act. Even though the economy is bad, there seems to be no lack of demand for these scarce issues. Not one single pinhole and plenty of red fiber. Simply a beauty and sure to please. As more and more folks enter this collecting arena, having had it with the stock market; notes such as this will become few and far between.	CHOICE FINE+ MARKET GRADE: VF+	$6550	Reverse
1861	$20	T-20 CR-139	Serial # 44851. First Series. Similar to PF 7, with the remnants of a number underneath the left 10". Central vignette of Industry behind "20". Cupid to left and Hope to right. Plain reverse. A rather crude creation of Blanton Duncan, the former Richmond Dentist. As crackling crisp as a new note with two small pinholes. Clean, bright and fresh. A quite common note; save for one major factor. That being the trim. I have owned uncut sheets of these in the olden days and they are printed very, very closely together. So close in fact; that one could barely get a knife blade between the margins of the uncut notes. Here offered is the best uncut T-20 I have seen in 15 years. We tend to think that because large numbers of these were printed, it should be relatively easy to locate a nicely trimmed note. Such could not be farther from the truth. To get a nicely cut note; the notes on the top and bottom of the uncut sheet were ruined; trim wise. I've known collectors that have looked for over 20 years for a choice CU T-20. This is about as close as one is likely to get unless you go with a cut cancelled note. Very, very tough.	XF CHOICE TRIM	$325	Reverse
1861	$20	T-20 CR-141 Red Date Stamp 11/22/62	Serial # 91020. First Series. Cut Cancelled. A most presentable example of this rather Crude Blanton Duncan creation. This note, T-18 and several other 1861 issues were very heavily counterfeited during the Civil War. It is my opinion that the red date stamp of 112762 represents the month date and year. To wit: November 27, 1862. This was the date the holder of the note brought it to an unknown depositary and had the note validated as genuine. Please see the T-26 CR-175 listed below for a more in depth discussion of this stamp. A great collection to put together, as these are currently very inexpensive. I do not see these stamped notes as I did in years past and it would not surprise me in the least to see some new research about them; thereby causing the price to skyrocket. Now is the time to acquire any of these you might see. I know I do. A neat piece that brings a lot of history to the table.	PMG VF-20 Cut-cancelled My grade:F+	$150	Reverse Pic 2
1861	$20	T-20 CR-141 TRANS-MISS	Serial # 149011. An exceptionally bright, well inked example of this Trans-Mississippi issue. The stamp is very clear. For a more detailed factual basis for the placement of these stamps on notes out West; please see the T-36 CR-278 below which has been sold. I have left that note up for this very reason. This note is not cut cancelled and a great addition to any collection.	VERY FINE Market grade: XF	$450 SOLD	Reverse Pic 2
1861	$10	T-22 CR-150 Gorgeous Note!	Serial # 14681. Plate "A". Notes such as this one are just not available in this day and time. The very few which do exist are very tightly held. One has to make a decision as to whether or not to seize the opportunity to acquire a note which will most surely increase in value. Incredible trim and color. Not one single, solitary issue with this beauty. Most often, a note such as this will have some sort of problem. The margin will be tight or a stain present. It is extremely difficult to grasp just how rare a note such as this one is. High grade T-22's; on the rare occasion they are found, are cut cancelled 99% of the time. No so with this absolutely beautiful note. The times are changing, with ever more collectors entering the market. Notes such as this are from collecting days of years gone by. The simple fact of the matter is that quality of this degree has now reached this price point. With this kind of superb quality, who is to say what it's price point will be even this time next year. Great quality and eye appeal never, ever go out of style. As I have had happen to me many times in my life; today's seemingly high price is next years bargain. I sincerely believe that this note will certainly be no exception to this rule. Truly amazing and a note which would grace the very finest of collections.	CHOICE VF++ Market Grade XF/AU	$5500 SOLD	Reverse
1861	$10	T-22 CR-150 SUPERB NOTE	Serial # 1084. Plate "A". A blast orange example of this ever popular American Bank note Company issue. Strangely, I have not seen any T-22's that were remotely close to this note condition wise in five to six years. I was lucky enough to locate the note above and now this piece in the last 8 months. I cannot emphasize enough just how scarce notes like this are nowadays. Simply an incredible note. Not one single problem and all there. As crisp as the day it was printed and downright stunning. In this day and time; I do not even see cut cancelled high grade T-22's. This note is not cut cancelled and has eye appeal beyond belief. Perhaps 25-35 years ago notes such as this were to be found. Not now, however. The sheet; after signatures were applied and before trimming, was laid upon a wet sheet in the stack and thus the small contemporary ink smudges noted upon the back. This does no harm to a note of this caliber. I could ramble for hours about this one; however, I think it best to let this beauty speak for itself. Superb!	CHOICE VF+ Market Grade: XF+	$4550	Reverse
1861	$10	T-22 CR-151	Serial # 5397. Plate "B". A most presentable example of the issue. I stay away from problem notes; as can readily be seen on the web site. As good as they come in this grade. No pinholes, stains, or other problems, that are usually encountered at this grade level. A very nice, affordable T-22.	CHOICE FINE	$895 SOLD	Reverse
1861	$10	T-22 CR-151	Serial # 14002. Plate "B". Another problem free example of the issue. Believe me, notes that are problem free and have a nice appearance are tougher than you think to locate. Every single T-22 on this page is an above average note for the grade. Nice Trim, eye appeal and color.	FINE	$ 995	Reverse
1861	$10	T-23 CR-154	Serial #1314. Plate "A1" and red fiber paper. Totally original and above average color. Well trimmed and a very nice T-23. No ink bleed or other problems.	FINE+ MKT VF	$4600	Reverse
1861	$10	T-23 CR-153	Serial # 517. Plate "A"; plain paper. I feel privileged to offer three T-23's at the present time. This issue is extremely difficult to locate and will soon move up price wise to the T-15 & T-19 category, while those issues move even higher. An exceptional note; especially for the grade. The note retains most of the orange "TEN" and "X", "X" overprint and has good body. No stains tears chinks pinholes or other problems of any kind. When one is lucky enough to find one of these; there are usually problems. This example is NOT cut cancelled (none offered here at present are) and possesses great eye appeal. If you order a VF note from most dealers, this is what you will get. While not strong enough for the collector oriented grade of grade of VF; the note doesn't lack much. A beauty and ever increasingly difficult to locate.	FINE+ Market Grade: VF	$5450	Reverse
1861	$10	T-23 CR-153	Serial # 1764. The famous "Wagon load of cotton" vignette graces this extremely tough issue. This note has been holed out cancelled in the area of "America" in Confederate States of America and repaired by some meticulous individual. It's not uncommon to see this; however this one is rather well done. Easily seen from the back. This repair looks better than a large hole in the note. My primary concern is that a potential buyer be aware of it. T-23 is a tough one; as all of the overprinted notes are. An opportunity to acquire a quite acceptable T-23 at a very affordable price.	FINE Repaired	$2500	Reverse
1861	$10	T-23 CR-153 PCGS Very Fine 30	Serial # 2929. Another T-23 which is well trimmed, possesses a strong overprint and is not cut cancelled. Bold signatures and excellent clarity. The overprint faded very quickly on the T-23 and the T-32. This note circulated; however not as much as one would think. Usually encountered with very weak orange overprints, faded or washed out. No pinholes or other problems. Excellent body and a most desirable CSA note. Examples such as this continue to amaze me when brought to public auction. Each year; it seems as though they bring a $1,000+ more than the last. I see no end to this trend with regard to rare, quality notes such as this. For those who think they will wait until these red overprint notes "will get cheaper"; good luck.	PCGS VF 30 My grade CHOICE FINE++	$5800	Reverse
1861	$10	T-23 CR-153 PCGS VF 25 Premium paper Quality	Serial # 7393. Dead, solid, perfect trim. No significant wear and a solid note for the grade. Far above average in cut, color and clarity. A note which has not seen the light of day for 75 years. You have to see this note in person to appreciate it, as the scan does not do it justice. A superb, choice T-23.	PCGS VF 25 PPQ My grade CHOICE F+/VF	$6750	Reverse
1861	$10	T-24 CR-156	Serial # 17594. A very pleasing note and totally free of stains, spots, soiling and the like. It is tougher than one might think to locate CSA notes that do not have any of the above problems. Cut just a tick tight at the lower front margin. Very crisp with bold signatures and serial #. Easily a VF 25 by Grading service standards.	FINE+ Market Grade: VF+	$425	Reverse
1861	$10	T-24 CR-161 Gainesville Insurance Company Stamp !	Serial # 22719. R.M.T. Hunter to left and portrait of small child to lower right. Orange "TEN" overprint. A favorite among Confederate Note Collectors for many years and with good reason. T-24 is one of the most attractive notes of the entire series. Exceptionally clean and crisp for the grade. Superb eye appeal. The most desirable aspect of this note is the embossed seal of The Gainesville Insurance Company. During the counterfeit panic of 1861 and 1862, there were many different means of "validating" a note. Among the best at this were large Insurance Companies, as they handled large sums of cash. Often times, a validation stamp consisted of an ink stamp such as "Bank of Columbus", GiCo (Georgia Insurance Company) or the like. Rarely do we see an actual seal used. This seal is the same as the old notary seals we saw until recent years. The imprint is embedded in the paper itself. Such notes are scarce and seldom found. A few I have seen bore a seal that was unreadable. Not so here. Even though a cut cancelled note; simply a superb piece of Confederate fiscal paper. The best such note I've had the pleasure of ever encountering.	Fine+ c/c	$495	Reverse Pic 2
1861	$10	T-24 CR-164	Serial # 58401. "CSA" in script letters watermark. A very interesting lack of plate inking is vividly illustrated at the upper right front of this piece. Fully framed all the way around, with room to spare. Although this note circulated during the Civil War; it sustained no damage. Free of any pinholes or other problems. The "CSA" watermark reads perfectly from left to right when viewing the front of the note. Darker areas in the folds as may be seen here were most often caused by contact with leather; such as a wallet or the like. A very presentable note for the grade.	FINE	$375	Reverse
1861	$10	T-24 CR-167 NY Watermark UNCUT	Serial # 36966. R.M.T. Hunter in oval to lower left. Small child at lower right. Orange "TEN" overprint. Plain reverse. Simply an outstanding example of this rare issue. Fully framed with no problems. As crisp as new and plenty of pop. The top and bottom outer margins are somewhat irregular; which is normal. This could easily be cured by trimming the margins; although I do not trim notes! Printed upon extremely thin paper. As clean and bright as they come, with not one single, solitary pinhole. The note bears the excessively rare NY watermark. Obtained by Keatinge & Ball via "connections" in the North; only one ream of this paper was used during the entire Civil War. Many years ago; NY watermarked notes showed up on rare occasion, although most all were cut cancelled or cut out cancelled notes....mostly cut out cancelled. This is the very first uncut NY watermarked note I have ever had the privilege of offering. It is next to impossible to illustrate a NY watermark in a scan. However; this note bears such a vivid, bold watermark, that it is easily seen from the back of the note. If held up to any light source or window during daylight; "NY" in large letters jump out, running just the way you want it; from left to right on the front. When looking at the back, you will note that the watermark is backwards; running "YN". These watermarks are large and if you are not used to seeing them, can be tricky. I've seen many a note people claimed were NY watermarked notes and I had to strain to see the watermark or could not see it at all. Not so here. This watermark is as bold and readable as they come. The fact that you can even see the watermark at all in a scan means that it is 10 times more visible in person. As stated, this note is not cut cancelled or cut out cancelled which is icing on the cake. In this day and time; you could give me all of the money I wanted and ask me to locate an uncut NY watermarked note for you and I could not do so. An amazing prize will stand the test of time and fit into the very finest of collections. Excessively rare. Where would one find another?	VERY FINE	$2750 HOLD	Reverse Pic 2
1861	$10	T-25 CR-169	Serial # 7331. "CSA" vertical block letters watermark. Very difficult to locate fully framed and problem free. This example is crisp, bright and completely free of problems. A very desirable example of this undervalued issue Listed value in Fricke's 2008 field edition in this grade at $550. A great reference; although now with 4 year old prices and not reflective of the current market.	VF	$495	Reverse
1861	$10	T-25 CR-169	Serial # 5203. A classic example of why one cannot go by a book price for many issues. This note is crisp as new; with total original embossing. For some reason unknown to me; T-25's tended to "fox" in certain areas upon the note over time. This example is no exception. I have seen more T-25's with these brown areas than not. This phenomena seems to affect better grade notes for the most part. A superb T-25. Good luck on finding a nicer note. These are "sneaky" tough.	VF/XF	$550	Reverse
1861	$10	T-25 CR-169	Serial # 8978. Another far above average example of the issue. I do not list "junk" notes on this site. The notes you see are a result of going trough 1000's of CSA notes and providing only the best available. Now; having said that, the note offered here is much, much nicer than what you will usually find...anywhere. Extremely well trimmed, with bold signatures and serial numbers. A very light spot may be seen at the lower right reverse. This spot does not show through to the front. When you have trim like this, plus great clarity and contrast; a most desirable T-25 is born. Far and away better than the grade would indicate.	F/VF Market Grade: VF++	$495	Reverse
1861	$10	T-25 CR-169	Serial # 34712. Another T-25 which is far superior than it's grade would indicate. Simply superb trim. Original embossing throughout and as crackling crisp and fresh as the day it was printed. This piece saw little, if any circulation. Some light foxing; which is common to the issue. An extraordinary note for the money and a note which would be near impossible to locate at this price level. All Fine's; Very Fine's; etc.. are not created equal. A super T-25. Once you go above this grade (assuming one could locate an example) you get into 4 figures in a hurry.	VF/XF Market Grade: XF+	$575	Reverse
1861	$10	T-26 CR-175	Serial # 37440. A beautiful T-26 and as crisp and fresh as the day it was printed. "CSA" in block letter watermark. Original embossing throughout, which is not evident from the scan. A little aging at the left front and right back which does nothing to detract from the appeal of this problem free note. Very difficult to locate this nice without some sort of major problem.	VF/XF	$495	Reverse
1861	$10	T-26 CR-175 RED "22163" STAMP	Serial # 59954. Solid red XX. Flourish over "bearer"; watermarked vertically in "CSA" block letters. Hammer cut-cancelled. A most presentable example of this intriguing note for the grade. Cut tight at the top margin, with a small contemporary ink spot to the left top. Slight foxing is noted to the left front of the note; although quite acceptable at the grade. Otherwise, crystal clear signatures and serial numbers. The red stamp has long been debated; however, I tend to concur with the late Dr. Douglas Ball that this stamp was a validation stamp. During the time this issue circulated; counterfeiting was rampant, especially with regard to 1861 issues such as this note. The stamp reads 2/22/63. Dr. Ball was of the opinion that anyone could walk into the Depositary's Office in Savannah, Ga and have an authority determine if his or her note was genuine. If so; it was stamped in the fashion here seen. This theory makes sense to me; although definitive proof has never been set forth. It is not a Trans-Mississippi stamp. To my knowledge, the stamp has never been encountered upon a contemporary counterfeit. Many collectors attempt to acquire as many different notes so stamped as possible. This makes for a very interesting and desirable collection. The stamp is not seen after the 1862 $100 issues; however, with patience can be found on most 1861 issues save for the Montgomery's, T-5, T-6 and a few others. The stamp is seldom seen on T-26. A neat note and very collectable.	FINE C/C	$195	Reverse Pic 2
1861	$10	T-26 CR-175	Serial # 64026. A well trimmed example of the issue. Far and away above average for the grade. No pinholes, margin chinks or other problems. A most presentable, mid-grade T-26.	FINE	$225	Reverse
1861	$10	T-26 CR-177	Serial # 48274. Solid red "XX". As clean and bright as they come. Superb color and contrast with excellent eye appeal. A beauty.	VF+	$425	Reverse
1861	$10	T-26 CR-193	Serial # 114004. A very clean and bright example of this coarse lace T-26. Great eye appeal and crackling fresh, as it should be at this grade. The "CSA" in Script letters watermark is bold and centered perfectly on the note, reading from left to right from the back. The white background of the scan prevents this from showing. From a collection formed in 1933; this note has note seen the light of day since then; until now. Just a wonderful problem free note printed upon somewhat thicker paper. No pinholes or the like. Excellent trim.	VF	$450	Reverse
1861	$10	T-26 CR-193	Serial # 87290. Course "XX". "CSA" in script letters w/m. As crisp as a CU note. Clean, bright and fresh. The watermark is perfectly centered on this very appealing example.	VF+	$465	Reverse
1861	$10	T-26 CR-193	Serial # 102224. Very strong course "XX". Great clarity and contrast. Clean and bright with no distractions. Far above average trim.	FINE+	$195	Reverse
1861	$10	T-26 CR-193	Serial # 113073. "CSA" in script letters w/m. Clean with plenty of pop. Bright signatures and a very pleasing note.	F/VF	$255	Reverse
1861	$10	T-26 CR-213 RV PF-4	Serial # 23246. To date, the fifth finest known example of this rare variety. Ex-New Netherlands Coin, NYC 1953/54. Fine lace with no dash over bearer. Printed upon paper with a vivid "CSA" in block letter watermark. The "of" preceding "The Confederate States of America" is present at the right margin. The note looks more like it has been mishandled though the years than actual circulation, as original embossing is as plain as day at "Confederate States" when viewing the note from the back. Extremely rare and the 5th known in a census of 9 known notes. Over 5 years ago, an AU example of this variety sold for $2,000+. That was a long time ago. A true rarity.	F/VF	$695	Reverse
1861	$10	T-26 CR-213	Serial # 8988. A most presentable example of the issue. Bold signatures and serial numbers. Cut tight at the upper right; otherwise totally problem free. A wavy shadow appears behind Hunter to the left and Memminger to the right on all of these T-26 scans. In person, the notes are solid, dark in color and do not appear as they do in the scans. "CSA" in block letters watermark. again, original embossing which cannot be seen in the scan.	F/VF	$425	Reverse
1861	$10	T-28 CR-232	Serial # 46799. A very pleasing high grade example. Slight foxing in areas at the bottom margin. Overall, a very nice T-28. Tough to find this nice.	XF	$250	Reverse
1861	$10	T-28 CR-235A	Serial # 110726. An incredible T-28. I have found it more difficult to locate a T-28 in this grade than any of the "Big 6". Indian Princess (T-35), T-27 or any of the Montgomery's. The best I've seen in years and years. Perfect trim, superb color and contrast. As crisp and fresh as the day it was printed. Superb.	CHOICE AU	$1375 SOLD	Reverse
1861	$10	T-28 CR-236	Serial # 127799. As clean and bright as they come. T-28 is much more difficult than one would think to locate fully framed. This note is fully framed and worth a significant premium as such. At 300 dpi, you will see much more than you can with the human eye. There are no problems such as pinholes and the like. Plenty of body and crispness with superb eye appeal.	VF+/XF	$250	Reverse
1861	$10	T-29 CR-237	Serial # 12538. Another high end T-29. For those of you who might think this note exists in XF to Unc; you might want to think again. These are excessively rare in grades above this example and that listed above. The last Unc I saw sold for over $20,000 and that was at least 6 years ago. In true XF; one would be looking at a minimum of $10,000. The point being that this issue was printed upon poor paper; saw a very high level of use and is nearly always found with problems. Many are unaware of just how tough T-29 is this nice. Cut a tick tight at the lower left; but certainly worth the trade off for the freshness, brightness and superb contrast this piece has to offer. Simply splendid.	VF	$1250	Reverse
1861	$10	T-29 CR-237	Serial # 2735. A very bright, clear and vivid note; especially for the grade. T-29's at this "technical" grade level are most often found spotted, soiled, stained and the like. As is usual with this issue; cut a hair tight at the left front. 3 and 3/4 of the margins are there; which is much more than can be said for most T-29's. Great clarity and a lot of note for the money.	FINE	$495	Reverse
1861	$10	T-30 CR-239	Serial #98183. Another second series with no engravers name. Snow white and as crackling crisp and fresh as the day it was printed. Choice 1861 notes of any type are very rapidly becoming a thing of the past. Just because a large number were printed; does not translate into a large number of surviving CU notes. Slight handling does not prevent this note from making the grade. A rare opportunity to acquire a tougher than expected, high grade T-30.	CHOICE CU	$1475	Reverse
1861	$10	T-30 CR-241	Serial # 4065. The much scarcer THIRD series. Fully framed and well inked resulting in great eye appeal. Superb contrast. As crisp as new.	CHOICE VF	$295	Reverse
1861	$ 5	T-31 CR-243 Choice Note	Serial # 14634. Plate "A". A breathtaking T-31 if I've ever seen one. Simply incredible detail and eye appeal. Crackling crisp and as fresh as the day it was printed. Not cut cancelled and absolutely no problems. Great trim; amazing color...this note has it all. Very conservatively graded by me. As good as I've seen in a long time. Notes such as this one are very, very tightly held by their current owners. For good reason; as the note represents a better store of value than the money itself. It has never been easy to locate a Southern Bank Note Company issue in this lofty state of preservation. In this day and time; it is even more difficult. At the 2009 Memphis Paper Money show, I personally witnessed an ironed T-31 that was graded AU by the catalogers hammer at $13,000. This does not include the 15 % buyers fee. That note did not face up as well as this one. I suppose this one could be ironed as well; however, it won't be my me. I really don't know what more one could ask for with regard to T-31 than this note. A beauty and the best you are likely to see in a very long time.	CHOICE VF++ Market Grade: XF/AU	$5300 SOLD	Reverse
1861	$ 5	T-31 CR-243	Serial # 10295. Plate "A". A very pleasing example of this "Southern" Bank Note Co. issue. No pinholes, chinks or problems. Cut a hair tight at the top margin; very good color. Not cut cancelled. Tough to find like this for less than $2,000.	F/VF	$1395	Reverse
1861	$ 5	T-31 CR-243	Serial # 14572. A most presentable example of this ever elusive "Southern Bank Note Company" product. Cut just a tick tight at the upper right with a couple of chinks outside of the frame line to the left. No pinholes or other problems of any kind. A very nice mid grade T-31.	FINE+	$795	Reverse
1861	$ 5	T-31 CR-243	Serial # 6829. Jumbo margins most of the way around. A hair tight at the lower left. Far above average for the grade and a nice example with no problems. An old Bradbeer number on the back; which is classic. Long ago, collectors just marked the number of the 1915 issued work of Bradbeer upon the note itself. I have seen this upon Montgomery's and every other CSA note there is. It does not diminish a notes value in any respect. Again, a tough note to locate without soiling, stains and the like.	FINE	$695	Reverse
1861	$ 5	T-31 CR-243	Serial # 4237. Plate "A". A nice enough T-31, although stained at the upper right. The stain appears to be ink and is in all probability contemporary. It is there however. When viewed from the back, another stain is evident at the left margin which is much smaller than the first one. For the budget minded collector, a sound T-31 with the stains taken into account and priced accordingly.	FINE Stain.	$300	Reverse
1861	$ 5	T-31 CR-243 RED INK SERIAL NUMBERS	Serial # 17377. Plate "A". Red ink serial numbers. Although an old time variety; the red ink numbered T-31 has been declassified as a different variety. Although this is true; it does not affect the fact that a mere 2,600 of the red ink numbered T-31's were printed. With a survival rate of perhaps 15%; the numbers speak for themselves. The example here offered saw circulation; being a small denomination issue of 1861. Nonetheless, the red overprint is quite vivid for the grade and the note is problem free. Relatively well trimmed with no pinholes, chinks or other problems one might expect at this grade. Further, the note is free of soling. Not cut cancelled. An aspect I like about some CSA notes is the notation of an old Bradbeer number on the back. Bradbeer was published in 1915 and was the foundation Grover Criswell utilized in his subsequent works on Confederate Treasury Notes. To advanced collectors, these old Bradbeer numbers do no harm to any CSA note. Next to the Bradbeer number is the princely price of $4.00. Old time collectors simply wrote the type number and price on the note itself. This notation was added long ago. The note appears to be in Fricke's top 10 or very close thereto; wherein he describes the note as "Rare". With a printing of 2,600; I can certainly agree with that. Fricke also assigns the price (taken from actual market transactions) of this particular red ink numbered issue in F/VF of $2,000 in 2006. While this note will not grade F/VF it remains a desirable note and very nice for the assigned grade.	FINE	$950	Reverse Pic 2
1861	$ 5	T-31 CR-245	Serial # 8865. An example of the very elusive "C" plate. The "C" plate T-31 is much, much tougher than either the "A" or "B" plate note. A solid note with no problems. The piece is toned somewhat from age, although bears no pinholes, chinks or the like. One must understand that most every T-31 you see has a major problem of some sort or is cut cancelled. None listed here are in that category and are a result of my having looked trough hundreds of T-31's to only offer the best available.	FINE	$775	Reverse
1861	$ 5	T-32 CR-243 PCGS VF 25	Serial # 3575. An above average example of the T-32 for the grade. Any T-32 is scarce. This is the "Aa" plate, red fiber paper variety. The overprint remains quite evident with plenty of red fiber. Perfectly trimmed. A great note for the collector who doesn't want to spend $5,000 from here. Not cut cancelled and no soiling or any other problems.	PCGS Very Fine 25 My grade: FINE	$3650 SOLD	Reverse
1861	$ 5	T-32 CR-246	Serial # 3890. Plate "A"; plain paper. An above average example of the issue; with a much stronger overprint than the note listed above. Excellent trim and quite pleasing eye appeal. Stronger orange overprint. The "FIVE" overprint is vivid; while the "V" to the right is more faded. The "V" was the very first thing to go on T-32. The overprints did not last long in circulation. For the grade; the overprint appearing upon this note is well above average. The stronger the overprint; the tougher these become. Perfect trim with no soiling, pinholes, stains or the like. A desirable T-32, especially for the price.	CHOICE Fine	$2450	Reverse
1861	$ 5	T-33 CR-254Ba NO VA PF-7 R-10	Serial # 22152. Cut cancelled. Beautiful color and great eye appeal. No trace of "VA" is present. An AU example of this note sold for the princely sum of $7,000 in 2007. While most definitely not AU, there is a vast difference in $7,000 and the price here quoted. Exceptional trim and very difficult to tell the note is c/c with the human eye. A splendid CSA Treasury note that is becoming ever more difficult to locate; especially with "No VA".	CHOICE FINE c/c Market Grade VF	$875	Reverse Pic 2
1861	$ 5	T-33 CR-254Bb	Serial # 16983. Light Green. "Keatinge & Ball, Richmond, VA" facing out and reading from top to bottom. Very cleanly cut cancelled. Listed as a Rare Variety and an R-9 in Fricke's last two works on Confederate paper money. These works were based primarily upon the research of the late Dr. Douglas Ball; the now deceased legendary author and scholar of Confederate fiscal documents and affairs. Clean, bright and problem free. I did not even realize this note was cut until I just now placed it on the web site. Again, all things mentioned about T-33 above are relevant here. A nice note which for some reason, is slightly scuffed along the top; however no where else. A very presentable example.	FINE c/c	$875	Reverse
1861	$ 5	T-33 CR-250Bb Rare Variety NO VA PF-5 R-14	Serial # 1875. Cut-cancelled. Leggett, Keatinge & Ball, Richmond reads from top left towards the bottom-facing out. Light Green. Not a trace of "VA" is present. A very pleasing T-33. Extremely rare at R-14 with a VG example bring $650 in 2005, some six years ago. This note is far better than VG. Cut very evenly, thus difficult to tell it is C/C. A very scarce Confederate note.	FINE+ c/c	$975	Reverse Pic 2
1861	$ 5	T-34 CR-262A REOEIVABLE ERROR	Serial # 6082. A most pleasing example of T-34 which is totally problem free. Very, very lightly cut cancelled. In fact, the bank hammer just barely struck this piece; as it was perhaps on the bottom of a pile of notes that were being cancelled with one blow. Even held up to the light; it is extremely difficult to tell that this note is cut. The "reoeivable" error is as clear and bright as one could want. No soiling, spotting or any other distractions. A good looking note; especially for the grade.	FINE	$250 SOLD	Reverse Pic 2
1861	$ 5	T-34 CR-263 CONSECUTIVELY NUMBERED PAIR	Serial numbers 24614 & 24615. Indeed a rare occurrence. Locating two consecutively numbered T-34's in this day and time is akin to the proverbial needle in a hay stack. Both are Unc and both c/c. You will find that when encountered in this grade, T-34 is nearly always c/c.	UNC C/C		Reverse
1861	$ 5	T-34 CR-263	A pair that likely won't be seen again. Most desirable. "CSA" in block letters w/m upon both notes.	UNC C/C	$1175 BOTH NOTES	Reverse
1861	$ 5	T-34 CR-268	Serial # 10850. "CSA" in scrip letters w/m. Four full frame lines and then some. No pinholes or other problems and a darned nice T-34.	FINE Market Grade: VF+	$275 SOLD	Reverse
1861	$ 5	T-36 CR-272 HOYER & LUDWIG	Serial # 10296. As well trimmed as one could ever expect for T-36. If there was ever an under appreciated note; it would be this and the 2nd Series J.T. Patterson T-18. While we routinely dismiss T-36 as being common, think about how many of these you have seen printed by Hoyer & Ludwig. It will fool you. A choice note for the grade with no problems whatsoever.	F++	$195 SOLD	Reverse Pic 2
1861	$ 5	T-36 CR-274	Serial # 45829. Much tougher to find at this grade level than the number issued would lead one to believe. Extremely well trimmed for T-36 and as crisp as it was 149 years ago when it came off the press. No pinholes or any problems can be tolerated at this grade. Some slight age toning around the edge in a few areas. Extremely tough this nice.	CU	$375 SOLD	Reverse
1861	$ 5	T-36 CR-278	Serial # 264186. Simply a magnificent second series T-36. The best trim I've seen on the issue and as bright and fresh as they come. From the reverse, some sort of paper defect may be seen across the center of the note. This does not show through to the front. Due to the immaculate trim; at first glance I though this note had to be a contemporary counterfeit. It is not. The signatures of J. Bunting for Treasurer to the right and that of J.H. Hunt for Register to the left; along with the serial number confirm that this note is the genuine article. A trace of counting may be seen at the left reverse. One of the best T-36's from the standpoint of trim I've ever encountered.	CHOICE CU	$395	Reverse
1861	$ 5	T-36 CR-278 TRANS-MISS	Serial # 227244. Second Series. Number "10" before plate letter "A". A superb example of T-36...much less bearing the highly sought after Trans-Mississippi Stamp. The T-36 was printed so close upon the uncut sheet that one could not get a knife blade between the uncut notes. Consequently, this is why T-36 is extremely difficult to locate with ay where near decent trim. This note is exceptionally well trimmed, possesses a bold Trans-MS stamp, great signatures and serial numbers. Plenty of body with superb eye appeal. These notes were re-issued for use in the Trans-Mississippi Department (TX, Western LA, AR, Missouri and the Indian Territory. Geographically, it was the largest department of the Confederacy and where an ample supply of goods was available to supply CSA troops east of the Mississippi River. Due to it's great distance from Richmond, VA and Columbia, SC there was a very large shortage of Confederate Treasury notes to pay troops and acquire supplies in this department. Pleas to Richmond for more treasury notes went ignored. In March of 1863, General Kirby Smith was appointed commander of the T/M Department. Utilizing an Act of the Confederate Congress dated January 27, 1864; Smith ordered the re-issue of older notes that had been legislated into retirement to be used in the vast Trans/MS dept.. Something had to be done to identify these notes as valid; consequently, the red Trans-Mississippi stamp which appears on the note here offered was placed upon the note. This note bears a March re-issue stamp; considerably more scarce than the red "February" re-issue stamp. The stamp reads "February, 1864. Accepted as a Note Issued under Act of Congress of March 23, 1863". Any note bearing proof that it was utilized West of the Mississippi River during the Civil War is a most desirable item and very, very eagerly sought after by collectors. The note offered here is about as good as they come. One pinhole is noted. No other problems of note. Simply a superb piece of Americana History and a most desirable piece of Civil War memorabilia. Absolutely, positively guaranteed genuine for life.	CHOICE VF	$595	Reverse Pic 2
1861	$ 5	T-37 CR-284	Serial # 13950. A super high grade T-37. I have seen three CU T-37's in the last 15 years. While this note is not CU, but UNC; I cannot over emphasize the rarity of some of the more "common" issues in high grade. Surprisingly, for many completing a high grade type set, it is not T-1 thru T-4; T-35 or even T-27 that they lack. It is a high grade T-37, 28, 44 to name a few that are missing. If there were ever "sleepers" within the collecting arena of Confederate notes; it is the T-37 in high grade. The note here offered is cut tight at the left margin. All three others are complete. If this note were not cut tight at the left margin, one could just about name their price for such a prize. At a minimum, such a note would bring at least $3,000-$4,000. The note has not been pressed, although wavy lines seen in the reverse scan are as made. They are very hard to see in person. As bright, crisp and fresh as it was the day it was printed. Very scarce.	UNC	$950	Reverse
1861	$ 5	T-37 CR-284	Serial # 81284. A very choice T-37 for the assigned grade. One could look through thousands of T-37's and not locate a note with the trim, color and contrast this example has. As crisp as new with not one single problem. superb eye appeal.	CHOICE F/VF MKT Grade: VF+	$195 SOLD	Reverse
1861	$ 5	T-37 CR-285 RED DATE STAMP 11-1-62	Serial # 1982. Second Series. Portrait of C.G. Memminger, Treasurer of the Confederate States of America to lower left. A most unusual T-37; bearing the sometimes controversial stamp of 11162. It is my belief; along with most purveyors of CSA material that this stamp is a validation date stamp. Some attempt to link this stamp with the Trans-Mississippi Department; although the dates just don't work. Further, there is no record of any such stamp in that department and it's presence affords no explanation as to any function it would serve there. In the alternative; there is no explicit explanation for it's use East of the Mississippi River as well. I base my opinion upon the many discussions I had with the late Dr. Douglas Ball relative to this subject. As counterfeiting was rampant in late 1861 and 1862, Dr. Ball believed the stamp was utilized in Savannah, Georgia to validate CSA Treasury notes. The stamp is found on most issues of 1861 (save for the Montgomery's and a few others) and a select few 1862 issues. Irregardless, notes bearing this stamp are highly collectible and eagerly sought after by collectors. In my opinion, the stamp means this note was "validated" on November 1, 1862. The note has several pinholes and a stain at the top margin. However, it remains quite desirable. Due to the stain and a lower margin chink (below "FIVE" to the lower right), I net the note to VG. A highly collectible Confederate Treasury Note.	Net: VG	$125 SOLD	Reverse Pic 2
1861	$ 2	T-38 CR-286	Serial # 1770. Printed by Blanton Duncan of Richmond; the T-38 was erroneously dated September 2, 1861. Duncan assumed these notes were to be part of the September 2, 1861 legislative authorization was incorrect and printing was stopped at 36,000 pieces. The correct date of June 2, 1862 was placed upon the note and it became T-42. Just as with T-42 (although much, much more rare) the T-38 circulated very heavily. Printed upon rag paper, the note did not wear well and any example above VG is tough. The note here offered is trimmed a tick tight at the upper right; however, is an extremely nice example of this rare issue. Amazingly, no texture flicks, pinholes or other problems. A choice T-38 and well suited for any type set, whether it be mid grade or high end.	FINE	$2200	Reverse
1861	$ 2	T-38 CR-286	Serial # 5403. An unbelievable example of this rare error. Not released until 1862; the note was supposed to bear the date of June 2, 1862. See above. This example is from an old time collection, not having seen the light of day in nearly 80 years. You just do not see T-38 or T-42 this well trimmed. The best margins I've seen. The $2 denomination was used very extensively and to locate an example in one piece is quite a feat in this day and time. The collector who acquired this note did so in 1933. There were some stunning notes in this collection; this being one of them. This is the best he could do in 1933. He paid more for this note than he did his T-19. By clicking "Pic 2" you will see a card with this note, no doubt repeating what the dealer told him. The major point is this: this note was acquired nearly 80 years ago. It was the best this collector could do then. I doubt seriously that some 80 years later one could do much better. A splendid example of a very, very scarce CSA note in this condition and a rare opportunity indeed.	CHOICE FINE	$3275 HOLD	Reverse Pic 2

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