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  $100  T-CR-3 Serial # 833 and also new to the current census of known T-3's. Absolutely, totally original and never restored, repaired, washed or the like. From a collection formed in 1933; this note has not seen the light of day in nearly 80 years. Fresh to the market; with brilliant, vivid, green color and dead, solid perfect trim. This note is not cut cancelled. Simply a splendid T-3 and as crisp as the day it was printed. Clean as a pin with no distractions from this exceptionally well inked piece. The body of the note indicates that it circulated very, very little. A reverse endorsement "Officer of Commissary of Subsistence, Lynchburg, Va May 20, 1861. This day paid out J.S. Williams Capt & Commissary of Subsistence".  If you want the best available in today's market, here it is. Superb!  VF+

 

Market Grade

XF/AU

 $POR

  SOLD

 

Reverse
Pic 2

 1861  $100  T-CR-5 Serial # 2319. There is nothing quite like holding one of these beautiful pieces in your hands.  The example here offered is immaculate; being crackling crisp, bright white with vivid, emerald green. Very bold signatures of Robert Tyler for Register to the left and E.C. Elmore to the right for Treasurer. Completely and fully framed with not even a sign of a problem. The reverse bears a very desirable military endorsement "Issued by me Sept 13 1861 Maj. W.I. Anderson QM (Quartermaster) Memphis Tenn". I don't know what more one could want when it comes to a drop dead gorgeous T-5. Priced to sell as well.  CHOICE

    CU

 $5995  

Reverse
Pic 2

 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.  CU  $5650  

Reverse

 1861  $50  T-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-CR-6 Serial # 4280. Bright white paper with vivid emerald green color. A beautiful example of this extremely elusive 1861 issue. Cut somewhat tight although an exceptionally attractive note. Phantom Scanner line present on reverse. A single, light corner fold at the upper left reverse....which cannot be seen with the naked eye. This scan is at 300 dpi and provides a better look at the note than one could ever achieve at a show or the like. These issues are becoming impossible to locate that are not priced to the moon. Crackling fresh with original embossing throughout. Without this tiny fold; the note goes up in value by more than a thousand dollars. "Disbursed By Ferdinand Malloy, Capt & A.C.S. (Acting Commissary of Subsistence) on Sept 22, 1861". Malloy's name is often seen on Montgomery issues as well. A lot of Bang for the buck with this one.    AU+  $4495  

Reverse
Pic 2

 1861  $50  T-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-CR-10 Serial # 7351. Plate "C" Thin paper with "for" before Treas printed. As clean, crisp and fresh as they come. The first $100 note issued by the Confederacy that did not bear interest; the T-7 is much more difficult to locate in high grade than it's "Richmond" predecessor, the T-5. No stains, chinks or other problems. The one and only fact keeping this note from Choice CU is a single, solitary fold at the upper right corner when viewed from the back. Perfect trim and as clean as a whistle. Notes such as this one are quickly becoming a thing of the past. I can look for such notes at show after show and come up "empty". A very nice T-7 and a classic example of the fact that many Choice AU notes are more desirable than an Unc. No "Choice" note may be trimmed into the frame line.

CHOICE

     AU

 $4450  

Reverse

 1861  $100  T- 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  

Reverse

 1861  $50

 T- CR-14 (PF-1)

Rare Variety

Serial # 3211 in Brown ink. All other T-8's were numbered in red ink. This example bears plate "B" and possesses a printed "FOR" before Treas'r at the lower right. Only 4,600 of this type were printed and given the survival rate of CSA notes; it is quite rare. The note further bears the blue "C" as may be seen on the face scan. It's purpose remains undetermined to this day. Cut just a tick tight at the lower left; although the frame line is present. No problems, such as pinholes, tears, etc.. Some contemporary blue ink may be seen upon the reverse. Very crisp and a Rarity 10 note. Priced in Fricke in AU at $650. My sticker price on this note is $495. A very seldom seen; rare version of T-8.    F/VF  $375  

Reverse
Pic 2

 1861  $50  T-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  $425  

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  

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

 $475  

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

 $900  

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

 $900  

Reverse

 1861  $50  T-8   CR-20 Serial # 6945. Plate "C". "for" before Treas'r printed. Thin paper. A very desirable example of the issue which appears much darker in the scan than in person. This note has seen circulation; although very little. Had the note circulated more, being printed upon thin paper; it would show much more wear. I can't emphasize enough how tough it is to find this issue well trimmed. They are nearly always cut into the margin at one location or another. A pleasing note and a totally problem free 1861 issue..  VF+  $295  

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  $365  

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

 $775  

Reverse

 1861  $20  T-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-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-31

   GEM NEW 66

       PCGS

Serial # 51790. Plate "D", small "10" "for" before Treas printed. Thick bond paper. Simply a magnificent T-9 and I doubt they come any better. I have observed this issue in the grade of CU go from $850 3 years ago, to $950 two years ago, and 1100 a year ago until now. Currently a CU note would run me around $1250. I am talking about a true CU note...not a slider. Consider this monster; graded Gem 66 by PCGS. The grading services are way to lenient at the Fine to Very Fine level; although simply brutal at this level. They will hardly ever assign a grade of Gem New 66 to any CSA note; much less an issue as early as T-9. No more needs to be said here. An incredible note for the visionary collector. When the dust settles, who knows how much a note like this will be. I can say this; I have never seen quality like this go backwards in price.

GEM NEW 66

PCGS

 $1750  

Reverse
Pic 2

 1861  $20  T- 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-CR-32 Serial #  50193. Plen "D". If you look at this note by clicking the middle box, once you have the scan up, the remnants of other plen letters are faintly left beside the right "D". Bright white thick bond paper and a beauty. Four full frame lines and as crisp as they come. Only 6,300 of these were issued. That may sound like a lot; although nearly 150 years later and being made of paper, the fact that a note such as this is available today is indeed a miracle. A light fold in the middle; otherwise choice CU.

CHOICE

     AU

 $495  

Reverse

 1861  $20  T-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-UNL

 B Plate "Reoeivable" Error

  2 Known

Non-Collectable

Serial # 4925. Plate "B". Reoeivable error in "dues" clause to upper left. Thick bond paper. A note that is listed as Non-collectable in Fricke's 2008 Field edition. Totally unlisted in Criswell. 50 times more rare than an Indian Princess (T-35). A solid note which is much brighter than it appears in the scan. Any "B" or "C" plate T-10 in this grade is as rare or rarer than T-11; much less a note with this rare error. Fricke mentions that the known Reoeivable errors were corrected or an attempt was made. I can see no such evidence of an attempted correction upon this note. No problems and a beautiful T-10 in it's own right. An incredibly rare note and a once in a life time opportunity for the advanced collector. F+/VF  $2750

  SOLD

 

Reverse
Pic 2

 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  $10  T-10   CR-36A Serial # 67727. Plate "A", small "10", thin paper "for" written above Treas.. A beautiful example of this very elusive workhorse note. Totally original in all respects with jumbo margins all the way around. No pinholes and a note which would easily make VF in a grading service holder. Clear bright signatures and serial number. A choice T-10. A tick nicer and you would be looking at a $4,000 note. A great note for the money.  CHOICE

    F++

 $795  

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  $9250  

Reverse

 1861  $   5  T-11  CR-44 Serial # 42026. Plate Bb. Thick bond paper. "for" before Treas'r printed. An extraordinary example of the issue. As stated above; T-11 is only on rare occasion encountered this nice. Fully framed, clean and unusually bright for this issue. The name of Louis Defre'ese or thereabouts is written on the back of the note. $5 was a lot of money in 1861 and many times CSA notes will be encountered with contemporary names written in period ink on the back. As stated above, most often found in pieces. This example would be a great addition to any type set. Very seldom seen this nice and one of the better T-11's I have had the privilege of offering. Signs of wear are evident and the note appears to have been folded to fit into a small leather wallet or purse. An incredible T-11 and far and away better than any example you will likely encounter these days.

  FINE

 

Market Grade:

Fine+/VF

 $5850  

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  

Reverse

 1861  $100  T-13 CR-56 Serial # 8500. A far above example of this higher denomination 1861 $100 issue. Fully framed with great contrast and bold signatures. Not aged as is usually the case with T-13 and T-14. Absolutely no ink bleed or burn at the signatures as is so often the case with T-13. Clean, bright and crackling crisp with no pinholes or other problems. A T-13 which would fit into any quality set of CSA Treasury notes. Very tough to locate this nice with no problems. Priced in Fricke's 2008 work at $225 in VF and $300 at XF.

CHOICE

 VF+

 $195  

Reverse

 1861  $100  T-13  CR-56 Serial # 10350. "Second plate letter following "A" to the upper right. State II. A lovely example of the issue which is very well inked and which possesses no problems. As is so often the case, the note is trimmed tight at the bottom. No folds, chinks, pinholes or the like. With no reservation; an uncirculated T-13. None of the typical ink burn or ink bleed usually associated with the issue. Listed in Hugh Shull's latest price guide at $595 for a CU example. A very nice T-13 which is priced to sell. UNC  $325  

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

 $4950  

Reverse

 1861  $50  T-16  CR-80 Serial # 997. Engravers name above Fundable clause; red fiber paper. Another superb T-16. One would think that it is easy to locate totally problem free T-16's from looking at the few I have here. Let me say this; nothing could be further from the truth. What you see listed on this web site is the fruit of months and months of searching and rejecting 9 out of 10 notes. Far above average cut and great color. No pinholes or problems of any nature. As crisp and fresh as the day it was printed nearly 150 years ago. With folks getting 1% on their money; this hobby is growing as fast as I have veer seen it. Consequently, quality notes like this one will not be available forever. The cost will continue to rise; just as it is now. Loaded with original embossing. Two tiny and light corner folds keep this note from the Choice CU category. Super quality.

CHOICE

    AU

 $975  

Reverse

 1861  $50  T-16 CR-81

Serial # 72623. No Series.  Full CSA in script letters watermark reading from left to right when viewing the face. Superb color. Bright, clean and as crisp as a new note. "Va." following Kea tinge & Ball, Richmond nearly faded away. A lot of T-16 for the money.

   VF

 $395  

Reverse

 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 # 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  

Reverse
Pic 2

 1861  $20  T-18  CR-107 Serial # 16969. A beauty; being well inked with great contrast and eye appeal. One would think that with as many T-18's that were printed;  there would be plenty of them in Choice Uncirculated condition 147 years later. Nothing could be further from the truth. An opportunity to acquire an excellent note at an affordable price. You may rest assured that any uncirculated 1861 issue will continue their upward spiral. Very difficult to locate.   CU  $395  

Reverse

 1861  $20  T-18 CR-134 Serial # 50602. No flag above sailing ship. 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, un-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-19 CR-137 Serial # 3836. Although cut just a tick tight at the right; this is the strongest T-19 I have seen in a good, long while. Clean, bright and crisp. totally original. Superb color and a note which would be extremely difficult to improve upon.  VF  $7150  

Reverse

 1861  $20  T-19 CR-137 Serial # 4566. 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. Very good color, four full frame lines and not one single pinhole. Bold signatures and serial numbers. T-19 is more difficult to locate than T-15. 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.

CHOICE

 FINE

(Market

 grade:VF or better)

 $6150

  SOLD

 

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-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+

 $350  

Reverse
Pic 2

 1861  $20

 T-20 CR-142

TRANS-MISS

Serial # 59838. Suffering from the same fate as T-36; T-20 is rarely encountered will trimmed. This note is exceptionally well cut for the issue. A few moisture spots, otherwise sharp. Again, another very elusive and desirable Trans-Mississippi re-issue Bearing a very clean and legible February, 1864 Trans-Ms Stamp. Trans-MS notes have always been eagerly sought after by collectors of CSA notes. In this day and time, to say that these notes are eagerly sought after is the understatement of the year. Very difficult to acquire; I find that when I do have any of these, they disappear very quickly. I have set aside a few to place on this web site, otherwise they would sell rapidly at shows and not be available to many of you who are unable to attend various paper money shows across the country. A splendid Trans-Mississippi note and highly desirable as such. Absolutely guaranteed to be a genuine Trans-Mississippi issue for life. Please see the T-36 below for further explanation of Trans-Ms re-issued notes.

VERY

FINE

MARKET

GRADE:

    XF

 $425

  SOLD

 

Reverse
Pic 2

 1861  $20  T-21 CR-146 Serial # 2412. Vertical "CSA" in block letters watermark. An absolutely breathtaking example of the issue. Superb eye appeal with surreal color, clarity and contrast. Until one observes a high grade example of T-21, it is difficult to imagine just how attractive they are. This example brings out the best...in all respects. Choice cut with color beyond description. Snow white behind the dark, green overprint. A little yellow-brown sliver may be seen at the left back of the note and the right top of the note. This is a paper striation and is imbedded in the note itself. It is "as made" and not the least bit distracting. In this particular case; the scan comes no where close to doing this choice example justice. No pinholes, chinks or problems of any kind. When held to the light at the "perfect" angle, an extremely light fold is seen at the back left. The fold is tough to see, although it must be disclosed. Simply an incredible note which many would call Gem CU. Fricke lists this note in the 2008 Field Guide in AU at $3500+ and at CU $5,000+. An opportunity to acquire an immaculate T-21 for much less. Not far from as nice as they come.

CHOICE

    AU

 $2750  

Reverse

 1861  $10  T-22 CR-150 Serial # 15126.  Plate "A". An exceptional example of the issue with four full frame lines and then some. At this point, undervalued in this writer's opinion. Great color and eye appeal. Well above average.  CHOICE

    VF

 $1950  

Reverse

 1861  $10  T-22 CR-150 Serial # 7220. Plate "A". Superb color and as crisp as new. Cut a hair tight at the lower right. Nonetheless, still far nicer than that usually encountered. A "Southern Bank Note Company " issue with splendid eye appeal and sure to please.    VF

Market Grade:

Choice VF

 $1750  

Reverse

 1861  $10  T-22 CR-151 Serial # 2339. Plate "B". Another above average example of the issue. Usually found dirty, faded and just downright ugly; the note here offered is certainly not in that category. Nice trim and choice eye appeal. No problems of any kind.

FINE+

MKT GRADE:

   VF

 $1875  

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

 $1095  

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-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 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.

 CHOICE

FINE++

Market grade: VF+

 $5800

 

 

Reverse

 1861  $10  T-23 CR-153 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.  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-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
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 # 4048. Superb inking and subsequent contrast grace this downright tough note. T-25's which are free of major problems are one of the most under appreciated and under valued Confederate Treasury notes. Serial numbers are somewhat faded (not unusual), although quite evident when holding the note. The interesting fact about this particular note is that it is as crackling crisp and fresh as the day it was printed. Obviously, the note was folded; put away and not used. Original embossing remains evident. In other words; the grade doesn't math with actual body, embossing and true circulation. A superb note for the money.  FINE+  $395  

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-173

TRANS-MISS

Serial # 48214. An extremely difficult Trans-Mississippi issue. None are common, but the red round Trans-MS stamp is very, very seldom seen on T-26. Exceptionally clean and stain free for the grade. This note is not cut cancelled and I would give a fortune if it could talk. A very rare opportunity to add an extremely elusive Trans-Mississippi note to your collection.. FINE  $800

  SOLD

 

Reverse
Pic 2

 1861  $10  T-26  CR-173

     C/C

Serial # 43658. If you are looking for a very nice T-26 with great eye appeal at a very reasonable cost; this note is for you. Somewhere along the way, a brownish substance has been placed over the cut cancels. This would easily come off if one choose to do so. Great color, contrast and fully framed.   VF

 C/C

 $165  

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-182

 

  RV PF-18

Serial # 39930. Solid Red "X" "X", no dash over bearer, bold "CSA" vertical block letters watermark of missing "of" at the  right margin preceding "The Confederate States of America". An excessively rare variety of the issue. In Fricke's 2005 encyclopedic work; this very note is listed as the fifth finest known. Fricke never saw this note, and I can assure you it is nicer than the cut cancelled VF he has listed as the "fourth" finest known. In his 2008 field edition, Fricke lists this variety in XF at $1,200+. Some tiny foxing spots are noted for accuracy's sake. Original embossing may be seen behind the vignette of Hunter when viewing the right back. Crisp and bright. One of the best of perhaps 8 known examples. Very seldom seen and a wonderful opportunity for the variety collector.     VF  $875  

Reverse

 1861  $10   T-26  CR-191

TEXAS BROKERS

     STAMP

Serial # 23486. PMG grades this note VF 25. The actual grade is XF+; however there is a small, round bundle hole located at the left fundable clause from the front. This has to be why PMG lowered the grade to VF 25. In reality, one doesn't notice the bundle hole at first; although when you look for it, you can find it. A bundle hole occurred when notes were pinned together in bundles. I have original packs of CSA notes with the original wrapper and bundle pin in my collection. it does not detract from this extremely rare piece. Obviously, what sets this note apart from the pack is the stamp upon the back. Several CSA notes bear brokers stamps such as Bolling and Co-Memphis; McClure and Sons-Memphis to name a couple. All commission Broker stamps I have seen are located East of the Mississippi River. However, when it comes to brokers in Texas, you can forget about it. This scarce example bears the stamp of "Haswell Bros Commission Merchants, Millican, Texas. Millican is located in Brazos County, Tx. I have seen one or two of these over the years and both were so fuzzy you could barely read the stamp. Not so here...the stamp is vivid and clear. Any note that was handled in the Trans-Mississippi Department, West of the Mississippi River is highly desirable and most eagerly sought after. This stamp is contemporary and was placed upon the note during the Civil War! Simply a magnificent piece and extremely rare on a high grade T-26 such as this note. PMG NET VF 25  $975  

Reverse
Pic 2

 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 righht 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 whic cannot be seen in the scan.  F/VF  $425  

Reverse

 1861  $10

 T-27 CR-221

MOST RARE CSA

TYPE NOTE

Serial # 6766 and new to the census. While T-35 (Indian Princess) has long garnered more attention than T-27; I can assure you that T-27 is much more rare and difficult to obtain. The current census of known T-35's stands at 108; while the known census for T-27 is 88. On more than one occasion, the T-27 has been the last note required to complete CSA type sets for many collectors. Long underrated, locating a T-27 in any grade is extremely difficult. The note here offered is quite presentable and pleasing to the eye. When I acquired it, I was told that the note had been cut cancelled and professionally closed. I have tried to see the cut cancels (even with a 10X loupe) and have had no luck. I was told it was cut cancelled, so that is the way it shall be sold; even though one would not know it by looking at the note. The canels are apparently "tacked" with a solution and could easily be "un-tacked". This note presents a prospective purchaser with an opportunity to acquire a very nice T-27 at thousands of dollars less than a similar uncut note would cost. The last T-27 I handled that was nice as this one sold for over $30,000. This note is priced at less than 1/2 of that. A splendid opportunity. Upon looking at the back of the note; it may be seen where someone; long ago, had marked the price of this note at the princely sum of $18.00 at the upper right. Someone attempted to erase this pencil written price, and the result is a slightly lighter area in that location. The T-27 was printed upon poor quality paper and was a "workhorse" note. The survival rate is low. Given a total of only 8,570 notes printed; it is indeed a miracle that 88 of them survive today. Remember, these are not metal coins; but merely paper notes, thereby greatly diminishing their chances of survival. Bold signatures and serial numbers. Very nice trim. This note is most often seen in pieces; backed, torn, holed, and with any other problems you can think of. A great opportunity to acquire the most rare of all Confederate type notes at a extremely low price.

FINE

C/C-

Professionally

closed

$14,500

 

 

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-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 # 8938. Far and away an above average example of the issue. T-29 is notorious for it's bad trim. Not so with this note. Clean as a pin and crackling fresh. A note which would easily make the high end of Very Fine if graded by one of the leading grading services. I have graded the note quite conservatively. Extremely difficult to locate without stains, tears or other major problems. If you go up from here, you are easily into the $5,000+ range, should such a note appear. A T-29 worthy of the finest of collections.  F+/VF  $1175  

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  $1150  

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

    

CHOICE NEW 63

PREMIUM PAPER
     QUALITY

Serial # 98731. Second series with no engraver's name. Snow white and a beauty. A gem if I ever saw one. The scan is darkened somewhat by the thicker plastic holder used by PCGS which the note is housed in. Where PCGS gets 63 on this note is an unknown to me. Dead, solid, perfect trim. Extremely under rated price wise at this grade level. Virtually impossible to improve upon.

GEM NEW 63

 PCGS

 $1750  

Reverse
Pic 2

 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. A rare opportunity.

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  $10  T-30  CR-242

Serial # 2148. FOURTH series, with engraver's name. Extremely pleasing and as clean as a pin. A minor scuff appears at the upper left reverse and detracts from nothing. A wonderful example of the famous "Swamp Fox", Francis Marion offering a Sweet Potato Dinner to British General Sir Banistree Tarleton during the Revolutionary War.  Two vertical, straight dark lines seen at the right reverse are quite interesting and as made.

Crisp as new.

   X/F  $375  

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-244

Serial # 18287. Plate "B". A lovely note with very good color and contrast. Four full frame lines and room to spare. An extremely expensive note above this grade and much more difficult than most think. Not one single pinhole and choice for the grade. From here; you go to $3,000 or more.

  F/VF  $1575

   SOLD

 

Reverse

 1861  $  5  T-31  CR-244 Serial # 4553. Plate "B". An outstanding example with color and eye appeal that jumps out at you. Crisp, bright and fresh. 3 and 1/2 full frame lines, with the note being trimmed a tick tight at the lower right. While not that detracting; this note would be in the $4,000 range save for that one thing. An opportunity to acquire a superb T-31 at near a fourth of what it would run fully framed. The last I had anywhere near this never made it to the web site and sold for $3900 some 4 years ago. If you are waiting on that "perfect" T-31; good luck. If you do locate  a note better than this one; be prepared to pay accordingly. Superb.   VF  $1350  

Reverse

 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 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.   FINE+  $1650  

Reverse

 1861  $  5  T-33  CR-254Ba Serial # 14056. A superb example of this extremely difficult note. T-33 is perhaps one of the most under-rated CSA notes in existence. They are excessively scarce this nice and downright rare in higher grades. This note is trimmed perfectly, is as clean as a pin with not one single, solitary pinhole. The wavy lines behind Memminger are on the scan, not the note. There is a solid background behind him on the note itself. A rare opportunity to acquire a far and away above average example. Choice for the grade and as crisp as the day it was printed. It has been a long, long time since I had a T-33 this nice.   F/VF

 

Market Grade:

CHOICE

VF++

 $1400  

Reverse

 1861  $  5  T-33  CR-254Bb

  Rare Variety

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-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  

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

 

Reverse


 186X  $  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  

Reverse
Pic 2

 186X  $  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  

Reverse

 1861   $  5  T-36 CR-274 Serial # 64860. No series; plate number to the left of "A". As well inked and well trimmed as one is likely to find a T-36. Simply splendid clarity, contrast and color. Bright white paper which is as bright and fresh as the day it was printed. An amazing T-36. Many do not understand the difficulty in locating a choice T-36; given the large number of them printed. As I have said before, the reason behind the difficulty in acquiring a well cut; problem free examples is two fold. One; the paper utilized was not of high quality and the note saw heavy circulation. In 1861, the demand was high for lower denomination notes for ordinary commerce. Secondly, and most importantly; the notes were printed extremely close together upon the uncut sheets. Confederate notes were printed in sheets; then numbered and signed. After this, they were hand trimmed by large shears and little attention was given to the quality of the trim. T-36 was especially effected by this; as the notes were printed so close together upon the uncut sheet; one would be hard pressed to get a knife blade between the uncut notes. Consequently; locating several different CSA issues well trimmed is extremely difficult. I have owned uncut sheets of T-36 and have seen just how close together they are printed. To me; it is almost unbelievable that those trimming the notes got anywhere near a good cut with T-36. Here offered is a superb example. Bright red ink serial numbers and bold signatures. Cut just a tiny fraction close; and I mean tiny, just below the fundable clause. In this day and time; one would be hard pressed to locate a better T-36. Superb.

CHOICE

   CU

 $450

  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 # 238684.  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. Somewhere along the way, the note got wet at the lower right corner from the face and a slight discoloration occurred. This is not distracting and mentioned for accuracies sake. 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 "March, 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 as good as they come. In 2007, I observed a Trans-MS T-36 which was not near this nice cross the auction block and bring over $1,000. No pinholes or problems and as clean as a whistle. Simply a superb piece of Americana History and a most desirable piece of Civil War memorabilia. Absolutely, positively guaranteed genuine for life.    XF

 $595

  SOLD

 

Reverse
Pic 2

 186X  $  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

 186X  $  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  

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  

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  

Reverse
Pic 2


 

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