Shipley's Currency - Inventory - CSA

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

Below are a few of my current 1862 CSA offerings. Visit the Terms page to order. To return to home page; click "Shipley's Currency" at upper left.

Images open in a new window. After viewing image, close image window to return.

Abbreviation Key

NEW Superb	BOOK	Confederate Issuers of Train & Hoer Notes by Michael McNeil	Finally, a new book with full color illustrations of 7.30 notes (T-39, T-40 & T-41) describing the military, Civil and other super neat endorsements sometimes found upon the back of these notes. Over 275 pages of issuers, locations and other strange notations of all known issuers. As are sometimes listed here (when they can be found) these notes paid 7.30 percent interest per year. Thus the name 7.30 notes. They were often issued in the field by Military Quartermasters in charge of securing supplies for troops. Consequently; a note might have been issued by Captain and AQM James A Glover on the 24th day of December, 1863 at Knoxville, TN or thereabouts for hogs, cattle, cloth or any other thing imaginable needed for Confederate Troops in the area. The citizenry was required to accept Confederate Treasury notes. The intriguing aspect of this book is the fact that issuers names that we used to guess at are correctly named and the unit the individual served with is listed as well. I could go on and on about this book. Once you pick this book up, you will not put it down. If you have the slightest interest in CSA Treasury notes; you will find that this is the best money you have ever spent. Heavy on full color illustrations and printed upon the finest paper stock. A must have. I can insure and ship this book by Priority Mail for $5.50.	NEW	$50	Reverse Once a scan comes up; click the center square for a larger image.
1862	$100	T-39 CR-289 RED DATE STMP SERIAL # 117 H&L MAY 5, 1862	Serial # 117. Brown ink dated May 5, 1862. Plate "A" with "g" underneath. Printed by Hoyer and Ludwig; the very first to contract with the Confederate Treasury for the printing of the "Train" notes of 1862. This agreement did not last however, and T-39 was only printed bearing the dates of May 5, 1862 thru May 9, 1862. The huge remainder of notes being printed by J.T. Patterson. The note here offered is literally becoming impossible to locate. First of all; the note is dated May 5, 1862. No 1862 $100 note can bear an earlier date. In addition, the note bears the Hoyer & Ludwig imprint at the lower left front. Combined with a mere three digit serial number of 117 and a red date stamp of 9-12-62, we have the makings of a very desirable and quite elusive Confederate note. I can remember the day when it was not extremely uncommon to see lower serial numbers on Hoyer and Ludwig notes; those days have long since passed and so will these. Trimmed tight at the top. Otherwise a choice, problem free note. Superbly inked with clear, legible signatures and date. Also, on the back appears an uncommon Interest paid stamp from Columbus, Mississippi. This note has a lot going for it and without question, such pieces will not be around forever. When they do appear, in the future, you can bet the price will not be this low. Simply a superb note.	XF+	$450 SOLD	Reverse
1862	$100	T-39 CR-289 RED DATE STMP S/N 132 H&L MAY 5, 1862	Serial # 132!. Dated May 5, 1862. This is the very first date any "train" note; T-39 or T-40 can have. Crackling crisp and fresh and 98% fully framed, being trimmed just a hair tight at the lower right margin. The note also bears the ever popular and elusive "9 12 62" date stamp upon the front. I have discussed this before; and am of the same opinion as Dr. Douglas Ball about this stamp. I believe during the counterfeit panic of 1862-63, some location (Dr. Ball thought Savannah, GA) would place a validation stamp upon a note when so requested by it's owner. Consequently, I think this note was validated on September 12, 1862. Although no known counterfeits exist of any Hoyer and Ludwig T-39; that was not known in 1862. A most presentable note with no problems. Trimmed a bit tight at the lower right corner. This note circulated some; although not a lot. As crisp as new and simply a superb note for the grade. As clean as a pin with no problems whatsoever. A May 5, 1862 date; the elusive red date stamp and the much tougher 1864, blue, Columbus, MS interest paid stamp. Extremely desirable.	CHOICE VF	$400	Reverse Pic 2
1862	$100	T-39 CR-289 H&L MAY 6, 1862	Serial # 1135. A quite presentable example of the issue. Locating T-39's printed by Hoyer and Ludwig in high grade is becoming an extremely difficult task. This example is fully framed; possessing no significant problems. Many collectors attempt t assemble a set of these notes, which consist of 5 pieces. May, 5, 6, 7, 8 and 9. A complete set of Hoyer and Ludwig issues is no easy feat to accomplish. With a print run of only 20,000 total; one must remember that these notes are nearly 150 years old. The survival rate is somewhere between 10-15%. Unlike metal coins; these notes are true miracles of survival. A neat note.	Market Grade: VF+ My grade FINE	$165	Reverse Pic 2
1862	$100	T-39 CR-289 H&L MAY 7, 1862	Serial # 1838. Dated May 7, 1863. Another note in the 5 day production run of Hoyer and Ludwig. Not a gem example; although still quite desirable. A couple of very minute pinholes consistent with the grade. Actually, a very nice note for the grade. Some of these Hoyer and Ludwig's are tougher than others....even though all are tough. An Interest paid stamp at Richmond for 1863 and two for 1864 and 1865 at Raleigh, NC. Well worth the asking price, as the day will come sooner rather than later when such a set (H&L) will be much more difficult to put together than it is today....if at all.	Market Grade: VF MY Grade: FINE+	$175	Reverse
1862	$100	T-39 CR-289 H&L MAY 8, 1862	Serial # 868. Dated May 8, 1862. The next to the last day for the firm of Hoyer and Ludwig. A gorgeous note, well inked and as fresh and crisp as new. A very light smudge may be seen from the back of the note; however, it is not distracting. The note is trimmed about as well as one is likely to encounter, being trimmed just a hair; and I mean a hair tight at the lower left corner. The very faintest of corner folds is noted at the upper left back. It is indeed a tiny fold; however must be called out. Many collectors enter the field of CSA currency with an impression that each and every note is to be had in Gem CU; just as in coins. However, nothing could be further from the truth. We are dealing with pieces of paper that have survived 147 years. A slight imperfection is tolerated among those collectors who have been at it a while. Irregardless, a bright white, fresh note. Two Interest paid stamps grace the back of this beauty; both from Montgomery, AL. A bluish purple for 1863 and a red for 1864. Just about as good as they come.	Market Grade: CU My Grade: CHOICE AU	$275 SOLD	Reverse
1862	$100	T-39 CR-289 H&L MAY 8, 1862	Serial # 1082. Dated May 8, 1862. Another high grade example of the May 8 date of the small Hoyer and Ludwig run. Bold, vivid date and signatures. This note is as clean as a pin; bright and crackling crisp. Cut a fraction tight at the upper left and a tiny chink well outside of the frame line to the upper right. As with most of the 1862 100 Dollar notes, some counting is barely seen. Exceptionally well inked with superb eye appeal. No pinholes or problems at this grade level. Downright nice and a great addition to any collection.	Market Grade: Choice CU My Grade: AU.	$260	Reverse Pic 2
1862	$100	CT-39 CR-290A BOGUS INTEREST PAID STAMP	Serial # 16119 in red ink. A very well executed counterfeit with hand written serial numbers and signatures. As with any 290A; the three distinct clouds are plainly visible above the ship's mast. Well trimmed, and a solid note for the grade. What makes this note very special is the blue, oval interest paid stamp on the back. $100 was a ton of money in 1862 and most CSA depositaries could spot counterfeits...especially high denomination counterfeits. In an effort to lend more credibility to this note and perhaps allow it to be passed; the counterfeiters designed and placed this extremely rare bogus counterfeit stamp on the back. I've seen a good many CT-39's; but not with this stamp. I can count on one hand the number of such notes I have seen over the years. This is the very first time I have had the opportunity to place on upon this web site. Even is you don't collect counterfeits and just collect the genuine 7.30 notes; this one is a downright neat note and a super note to own. No pinholes; although a little rough at the right end. A very rare piece indeed.	FINE+	$395	Reverse CT-39_16119close
1862	$100	T-39 CR-294 BOGUS BACK	Serial # 24667. Straight Steam and dated August 8, 1862; quite a late date for T-39. This note possesses the much debated "Bogus Back". The debate being: is the green print under the Charleston Interest Paid stamps or on top of them? Called Stage Money for many years, I have never bought into that. Much research has gone into these notes and all seem to be numbered closely; from a pack of 100. A number of packs were used; although all are close in number and bear similar interest paid stamps; depending upon the pack. Crisp as the day it was printed and getting very difficult to find. As more people study these notes; more go off the market and it becomes much tougher to find them. A little extra at the top left and a darned nice T-39. Not one stain, spot, chink or pinhole.	AU	$450	Reverse
1862	$100	T-40 CR-298 PMG GEM UNC 65	Serial # 49411. Dated September 20, 1862. An extremely clear and legible interest paid stamp from Wilmington, NC and Henry Savage, the CSA Depositary there. Simply an incredible example of a rather common issue. Snow white. One would think that so many T-40's were printed that it would not be difficult to locate an example in high grade and fully framed.Nothing could be further from the truth. While T-39 is found with full frame lines in high grade, you can "bet the farm" that T-40 isn't. I have seen thousands upon thousands of T-40's. I can count upon one hand the number that were fully framed in any grade. Forget about it when it comes to locating an example at this grade level. A much rarer note than most know. I've handled maybe a couple of hundred Montgomery's and perhaps three of these; if that tells you anything. Near impossible to locate this nice. You can find T-40 in uncirculated condition. What you cannot find is T-40 in "Gem Uncirculated" grade. This requires four full frame lines...a virtual impossibility. A very rare opportunity for the astute collector.	PMG GEM CU 65 "Exceptional Paper Quality"	$675	Reverse Pic 2
1862	$100	T-40 CR-298 Re-Issued Houston Dec 8, 1862; IP	Serial # 32819. An extremely interesting note, dated August 14, 1862 upon the face. Exceptionally crisp with plenty of "pop". Cut tight at the top margin. With the exception of the first few T-39's printed; you will find that any "train" note (especially T-40) is near impossible to locate fully framed. Advanced collectors are well aware of this and proceed accordingly. Although it is not possible; if I could look through 250,000 T-40's, I doubt I could find 10 fully framed. I do not exaggerate here. I mention this solely for the purpose of educating collectors who have not been at this as long as I have. Do not get hung up on the trim on a desirable T-40....it will not hurt you or the note. Now to the very interesting part. The back indicates that interest was paid on this note to "Dec 8th, 1862". This is extremely unusual, as interest was to be paid on the first day of January for the preceding year. In memory, I have only encountered perhaps one or two such interest paid scenarios. This is neat enough unto itself; however to add to the desirability of the note is a very clear "RE-ISSUED, Houston, February 24th 1863". Most of these are March 18, 1862 and I must say, I have never before seen a February 24th Houston re-issue. The note itself is problem free, no pinholes or the like. It would very easily grade XF on the market scale; although has a tick to much handling and a light fold or two too many for that grade. A very neat and unusual Houston Re-Issue.	VF+	$400 SOLD	Reverse Pic 2
1862	$100	T-40 CR-300 Houston Re-Issue March 30, 1863	Serial # 33713. Dated August 15, 1862 upon the front. A snow white; clean as a pin, and crisp example. The frame line is 95% there; most unusual for a T-40. Great color and contrast. What sets this note apart for me; other than the date of re-issue, it the fact that it is so bright and spotless! No ink stains or spots, dirt, chinks, tears or the like. This note just "jumps" out at you when you see it. Very seldom seen this clean and bright. Totally original. There are no interest paid stamps on the back and the Houston, March 30, 1863 stamp is quite clear. At first glance, the note appears uncirculated; which again, is a classic reason why you can not buy a note on the internet from a front scan only! Market grade AU. A nice clean note and as much as one could ask for with one of these. Another very unusual date for a Houston re-issue.	VF/XF	$425	Reverse Pic 2
1862	$100	T-40 CR-306 Military Issue JAN 1863	Serial # 67674. Dated January 6, 1863 upon the face. Snow white and crackling crisp. The trim is as expected upon the two January, 1863 issue dates listed in Criswell ( Jan 6 and Jan 8, 1863). I can't recall ever seeing a Jan, 1863 dated T-40 fully framed. Possibly a different ink was utilized in dating and signing these two issues. Almost always encountered light colored in nature. Perhaps a different paper was used to print the Jan 6 and Jan 8, 1863 dated T-40's. I certainly do not know the answer; although have seen quite a large number of these and nearly all fall into the above category. A well inked note relative to the vignettes. The back indicates the note was "Issued January 19, 1863 James G. Paxton, Maj & QM (Quartermaster). Paxton was in charge of acquiring supplies for General Lee's Army and this note was issued at Lynchburg, Va. The location of issue would explain the short time between the date upon the face (Jan 6, 1863) and the date that Major Paxton issued it (Jan 19, 1863). While we have all seen notes that were issued a year or more later than the date upon the face; this note was issued a mere 13 days after the date was placed upon it in Richmond. This could only have occurred if the geographic distance was not great; such as the distance between Lynchburg and Richmond. Scuffed somewhat at the lower right corner...although not distracting. In this day and time, any note issued in the hand of a Confederate Officer is next to impossible to lay your hands on. An opportunity to own a January, 1863 T-40 and a military issued note to boot. A great piece of American history.	XF +	$400	Reverse Pic 2
1862	$100	T-40 CR-306 CSA Script W/M	Serial # 40098. Dated September 1st, 1862. A very pleasing example of a T-40 printed upon paper bearing a "CSA" script letters watermark. Above average trim for the issue with plenty of body and crispness. Brown ink manuscript issue at Jackson (MS) Sept 27, 1862. The note also bears a quite elusive blue interest paid stamp from Columbus, Mississippi Jan, 1865. A tough one. Although you can't tell from the scan, the CSA watermark is bold and complete, reading "CSA" left to right when viewed from the front, just the way you want it. A very nice example of a watermarked T-40 with the added bonus of a manuscript issue location and a very tough interest paid stamp. No pinholes or problems.	F/VF	$155	Reverse
1862	$100	T-40 CR-306 DOUBLE HOUSTON ISSUE CSA Script W/M	Serial # 40091. Having recently sold serial # 40094, the exact twin of this note, I will use near the same description. A scarce 7.30 note if there ever was one. Any 1862 $100 note issued West of the Mississippi River is highly collectible and eagerly sought after. To have two Houston issuances is near unbelievable. The first Houston endorsement is in brown ink; clear and unobstructed. In March of the next year (1863) the note was re-issued in Houston on March 18. When found, these Houston re-issue stamps are often fuzzy or faded. This note is definitely an exception to that rule. Crystal clear and vivid. The note itself is as crisp as new with no problems other than being cut tight at the left. Relative to a note this desirable; the trim is of little consequence. The state of preservation is amazing; especially given this note's journey. A small group of around 7 of these exact notes was discovered roughly two years ago. They were consecutively numbered and had been together since the Civil War; thus explaining their lofty grade. They have long since been dispersed and I feel privileged to be in a position to offer a note from that original group. Further, this note presents with a bright, vivid "CSA" in script letters watermark. The watermark is perfectly centered upon the note and just adds "icing to the cake". Simply an amazing note Confederate note and a great addition to the very finest of collections.	AU	$595	Reverse Pic 2
1862	$100	T-41 CR-311 Full Written Date	Serial # 1280. The Criswell 311 has long been of interest to collectors; as only 1800 sheets of 4 notes per sheet were printed. Instead of the usual "18" of 1862 being engraved; the entire year is written by hand. In addition, there exists no "THE" before "Confederate" in Confederate States of America. These were the very first T-41's printed, bearing low serial numbers and this printing plate was retired quickly. While 1800 sheets may sound like a great deal of notes; one must consider the total number of Cr. 311's printed; 7,200 vs the entire print run of T-41; 678,600 notes. Add in the survival rate and the desirability becomes much more apparent. The note here offered is totally free of pinholes, chinks stains and the like. It is trimmed tight, possibly explaining the grade of Choice About New 58 assigned by PCGS. I can ascertain no folds otherwise necessary to down grade the note to AU. Plentiful and appealing original embossing is present; superb contrast and bold signatures/serial numbers. The maroon alignment dot at the bottom of the note, between "For Register" and "For Treasurer" is right where it should be. This alignment dot was placed upon the uncut sheet prior to trimming the notes and it's purpose was "allegedly" to guide those hand cutting the notes from the uncut sheet. As all of us who love Confederate Treasury notes are aware, dot or no dot; trimming was at best "happenstance". A high quality and most desirable example of an issue which becomes much more difficult to locate with each passing day.	PCGS CHOICE ABOUT NEW 58	$375	Reverse Pic 2
1862	$100	T-41 CR-311 S/N 89	Serial # 89. As time goes by, the Cr 311 slowly disappears....especially those with a two digit number and in a high state of preservation. A beautiful note, with four frame lines; although cut a bit tight at the bottom. No pinholes or problems. Again; opportunities to acquire these notes will not last forever. A very nice note.	Choice AU Market grade:CU	$375	Reverse Pic 2
1862	$100	T-41 CR-315 Re-Issued Houston, TX	Serial # 8930. Frame line goes all of the way under "except" (9 out of ten T-41's will be "A"'s). Exceptional eye appeal with superb color, clarity and contrast. Crackling crisp and fully framed; although tight in places...the black frame line goes all the way around. Very bold signatures and serial numbers. You couldn't ask for a note with more eye appeal. This beauty was re-issued in Houston, TX, likely by James Sorley, the CSA Depositary agent in that location. Located in the heart of the Trans-Mississippi Department. The re-issue stamp is vivid and clear. Just an overall clean, bright, nice note with no stains, pinholes or problems of any nature. Any CSA note issued or re-issued West of the Mississippi River is extremely desirable and most eagerly sought after by collectors. Graded AU+ when I acquired it. The note has an "as made" crimp in the lower left corner, visible from the back and a good sized fold at the upper right . Neither is significant or distracting. While technically the note might grade AU; I prefer the conservative approach and grade it Choice Extremely Fine. Irregardless, a prize worthy of any collection. We have a tendency to think notes such this will be around forever. I can assure you such is not the case. All Trans-Mississippi material is becoming next to impossible to locate. A choice piece of Americana.	CHOICE XF	$375	Reverse Pic 2
1862	$100	T-41 CR-315A Large Montgomery Depositary Issue Stamp	Serial # 113015. Dated Dec 15, 1862. A superb T-41, recently acquired. This note has not seen the light of day since 1950. Fully embossed, with a small sheet crimp noted at the middle, left front. A superb note. The extremely scarce, large "ISSUED FROM DEPOSITARY, MONTGOMERY 1 JAN, 1863" may be viewed from the back. All other interest paid stamps are also from Montgomery. The large issue stamp is found upon these notes from several different locations. Jackson, MS; Knoxville, TN; Richmond, VA; Charleston, SC come immediately to mind. All are neat stamps; however, none are as scarce as this Montgomery. In discussing this with dealers "in the know"; some expressed not recalling ever seeing one. The stamp just so happens to be on a Choice CU note ! I don't know how one could ask for more. A beauty and rare to boot!	CHOICE CU	$325 SOLD	Reverse
1862	$100	T-41 CR-315A ISSUED GALVESTON, TX	Serial # 114684. The first time I have been fortunate enough to offer two T-41's issued from the port city of Galveston, TX. A better grade note than that offered below. I cannot overemphasize the rarity of this issue location. As I have said many times before, any CSA note issued West of the Mississippi River is highly desirable and eagerly sought after by collectors. Galveston is rarely seen. In fact; I had been collecting and dealing in CSA notes for 20 years before seeing my first such note. As crisp as new. A tiny chink may be seen at the lower left corner and the right edge; however these are by no means distracting....especially upon a note of this rarity. No folds, spots or stains. Simply superb.	Market Grade: CU My Grade: Choice AU	$725	Reverse Pic 2
1862	$100	T-41 CR-317 ISSUED GALVESTON, TX	Serial # 114769. "CSA" block letters watermark; frame line goes all the way under "except". An opportunity to acquire a scarce; Trans-Mississippi issued note at a very affordable price. No pinholes, chinks or ink burn with excellent color and clarity. T-41's issued in such locations as Galveston, Texas are extremely desirable and just do not appear on the market. Cut a bit tight at the upper left; as all of the Galveston issued T-41's from the small discovery hoard of around 9 notes from the 1970's are. Very pleasing and impossible to locate. A very solid T-41 and a note that you can't go wrong with. There are just not enough of these out there to satisfy collector demand.	Choice VF	$450	Reverse Pic 2
1862	$100	T-41 CR-317 RE-ISSUED HOUSTON, TX	Serial # 8950. Dated Sept 6, 1862 upon the face. Great color and contrast provide excellent eye appeal on this $100 CSA note that was re-issued in the Trans-Mississippi Department. These are very difficult to locate and I am fortunate enough to have two examples for your consideration. Note that the serial number upon this note (8950) is only 20 numbers away (8930) from the other T-41 listed here which was re-issued in Houston. Crackling crisp and fresh. From an old time collection assembled in the late 50's. As with most 7.30 notes, counting is evident at the right reverse. These $100 notes that were held by large cotton brokers, insurance companies and banks were stacked and "thumbed" (counted) from time to time. It is next to impossible to locate a high grade example that does not show counting. Trimmed tight at the lower right. two very small corner folds. Now is the time to acquire notes such as this one; as more and more collectors enter the market.	AU Market Grade: UNC	$400	Reverse Pic 2
1862	$100	T-41 CR-317A Dated in Red Ink	Serial # 36954. Frame line stops at "Except". Scroll one; nearly full "CSA" in block letters vertical watermark. Red alignment dot present at top. A high quality example of this extremely rare red ink dated note. All T-41's are dated in brown ink. However, back around a year ago; I saw a flurry (3 or 4) of T-41's dated in red ink. All were just as this one is. Nov. 3'd 1862 an d sold in the neighborhood of $750. Someone somewhere erroneously dated the note in red ink for a day or so and it stopped. The few I saw quickly disappeared and this is the first I have seen for sale in quite sometime. A beautiful T-41 with original embossing, superb color and contrast. Fully framed and not one single problem. Crackling crisp as well. The fold at the upper right reverse is a sheet crimp; however, there is a fold to the left. Nearly a full "CSA" watermark and just a gorgeous example of this very, very elusive piece. The $100 issues of 1862 are red hot and any collector of that series would be delighted with this note.	CHOICE AU	$575 SOLD	Reverse
1862	$100	T-41 CR-317A FULL "CSA" BLK WATERMARK	Serial # 72802. A dead, solid, perfect note. Full, vertical "CSA" block watermark. These watermarks ran vertically upon a large ream of paper. No attention was paid to the placement of the watermark as the paper was pulled from the ream; consequently, acquiring any Confederate note with a full "CSA" vertical watermark is a mere coincidence and seldom seen. This paper was made in Great Britain and run through the blockade of southern ports. Interest paid stamps from Macon and Augusta appear upon the reverse. As nice as they come, from an old time collection just acquired. Full embossing.	GEM CU	$325	Reverse
1862	$100	T-41 CR-317A Black Macon, GA 1865 IP Stamp Very scarce	Serial # 4242. Dated Aug 30, 1862. From an old time collection I recently acquired and not on the market since the 50's. This note bears a "CSA" in script letters watermark that is dead, solid perfectly centered in the middle of the note. The watermark reads from left to right, when viewing the note from the front. A nice touch. Further, the note is consumed with original embossing....meaning it has ever been pressed, ironed or the like. The embossing also indicates that the note circulated very little; if any. There is a tiny chink at the bottom left front; which is not at all distracting to me. Very thick paper and as crisp and fresh as the day it was printed. The note bears interest paid stamps from Augusta for 1863, Red Macon for 1864 and the extremely scarce black Macon, GA for 1865. Those who collect these issues know how rare this interest paid stamp is. Those who don't, will just have to trust me. Believe me; you could look through 100,000 T-41's (if that were possible) and not find a T-41 bearing this black Macon stamp. Red centering dot is seen at the bottom center from the front. A very, very elusive T-41.	XF/AU	$225	Reverse
1862	$100	T-41 CR-322A J. WHATMAN	Serial # 88598. A most presentable example of this highly desirable T-41 bearing the J. Whatman 1862 watermark. The note is crackling crisp and fresh; although, as is the case with so many hand trimmed CSA notes, trimmed quite tight. No stains, pinholes or other problems. Whatman's are becoming extremely difficult to locate; especially those with a very vivid watermark such as this piece. "ISSUED FROM ASST TREAS. OFF. JACKSON, Miss JAN 1863" as is evidenced by the large reverse stamp. A very bold watermark upon a note with great color and contrast. Due to the trim, the note is priced accordingly. However; a most desirable example of this elusive issue.	XF	$295	Reverse
1862	$ 2	T-42 CR-335 SNOW WHITE	Serial # 36646. First Series; double flourish in first letter of June. Simply a beautiful T-42. I run into many people who surmise that just because a fairly large number were printed; the note should be easy to locate this nice. Nothing could be further from the truth. The T-42, 43, 44, and 45 were low denomination, work horse notes. Consequently they circulated heavily and wore rapidly. Further, the issue was printed upon wood or rag pulp paper and did not wear well. Add the fact that you could not get a knife blade between notes upon an uncut sheet and the issue is most always seen poorly trimmed; you begin to understand what I am saying. In collecting currency; just as in coins, many times the better note is the note with the most eye appeal. This note is fully framed and bright white with bold legible signatures and serial number. I would much prefer this fully framed, white note which has no pinholes or problems to an uncirculated example which is cut into the frame line. With a Choice CU example at $1000+ (if you could find a choice one) this note is a bargain. One could look for a long, long time and not locate a better note. Crackling crisp and fresh; this note may have been used once in it's 150 year lifespan. Superb!	CHOICE EXTREMELY FINE	$395	Reverse
1862	$ 2	T-43 CR-338	Serial # 50678. Green "2 TWO" overprint. Totally problem free and a most presentable example of the issue. T-43 is extremely difficult to locate in high grade, with the most recent note graded XF I saw cross the auction block bring over $15,000. This issue just does not exist in high grade. Fewer T-43's exist than do T-42's (with no green overprint). The printer, Blanton Duncan soon found he was not going to be compensated for adding the green overprint and quickly discontinued applying it. The note here offered is very sound; with no pinholes, chinks, tears or any other problems. If you desire an example above this grade; be prepared to wait a long, long time and spend several thousand dollars. A very solid note and worthy of any type set.	F/VF	$750	Reverse
1862	$ 1	T-44 CR-341	Serial # 50799. A most appealing example and extremely difficult to locate in high grade. T-44 had just about everything you can think of working against it's survival rate in high grade. First: T-44 was a low denomination note. Thus, it circulated heavily in everyday commerce. Unlike the higher denominations of $100 or the like; common folk used this note and used it a lot. Second: T-44 was printed upon very low quality paper made up from rags or wood pulp. Consequently, it is not uncommon to observe paper imperfections upon the highest grade examples. This paper did not wear well and when added to the fact that the note circulated heavily; the extreme difficulty in locating well preserved examples today becomes apparent. Third: Paper was in short supply in the South; especially when the Union Blockade became effective...just around the time this note was printed. In order to conserve paper, as many notes were printed upon a sheet of paper as possible. Nowhere is this more apparent than T-44; T-45; T-42 and T-43. I have had the privilege of handling a few uncut sheets of these over the years and can assure you; there is absolutely NO space between the uncut notes upon the printed sheets. 146 years ago; the Treasury Department of the Confederacy was much more concerned with getting these notes into circulation than with how well they were trimmed. Even now, if one were crazy enough to cut up a sheet of these (provided you could find one) it would be very difficult. One could spend many hours trying to cut these correctly and not get them right...as there was just no room between the notes. Now, imagine trimming these 146 years ago with large shears in some barn or building where the temperature was over 100 degrees. To locate an issue that is even decently trimmed is a feat today. The surviving examples in high grade are just mere coincidence, a miracle of survival if you will. The note here offered is 99.99% fully framed. Further, it has no pinholes or "texture flicks" common with these small denominations. One may notice a natural paper striation when viewed from the back. This is not distracting and is difficult to even see when viewing the note in person. It is well inked with bright, bold signatures and serial number. Superb contrast and eye appeal. No bleed through or other problems. To acquire an example better than this note, one will need an infinite amount of patience. A superb T-44.	UNC+ NEARLY CHOICE	$675	Reverse
1862	$ 1	T-44 CR-341	Serial # 51386. Snow white with superb color and contrast. Excellent detail and a well above average example. The trim is not quite "all there", although there are no folds, no pinholes or other problems of any kind. See the above note for a lengthy discussion of survival, trim and other issues concerning T-44, T-45. etc.. A nice piece which saw no circulation. Crackling crisp and bright as new. A more than suitable T-44 which may be obtained without "breaking the bank". Darn near impossible to locate nowadays and undervalued in this writers opinion.	UNC	$245	Reverse
1862	$ 1	T-44 CR-341	Serial # 33235. Another very desirable example of this elusive issue in this state of preservation. No problems of any kind; such as pinholes, texture flicks; chinks or the like. The down stroke of the signers name from the note above may be seen to the left of plate number "4" and the right of the second plate number. This may also be seen from the back of the note; however you may rest assured there is no bleed or burn. Exceptionally nice trim for T-44. For a longer discussion of the frequently encountered problems associated with this issue; please see the note above (serial # 50799). Crisp, bright and fresh with plenty of detail. Nice legible signatures and serial number. Very difficult to locate this nice	UNC	$265	Reverse
1862	$10	T-46 CR-343	Serial # 72830. This variety has the "s" after months. Very well inked with excellent clarity and contrast. Not one single fold or pinhole. Cut a fraction tight at the middle bottom or this note goes to Choice CU. Very difficult to tell that this note is cut cancelled. A superb example at a fraction of the price that an uncut note would cost.	UNC C/C	$350	Reverse
1862	$100	T-49 CR-347	Serial # 7968. No Series. Plain paper. A very presentable T-49 directly from a collection formed in 1933. There is a little piece of paper that is with this note indicating what the collector paid in 1933 which is included with the note. The paper says "Mrs. Pickens 1862" $1.75". A time machine would be nice about now! Cut a tick tight at the upper right from the front; otherwise no problems such as stains, spots, pinholes, etc. that one might expect to find at this grade level. A whole lot of T-49 for the money and as clean as a pin.	VF	$375	Reverse
1862	$100	T-49 CR-348 PMG XF-40	Serial # 6667. No series with CSA surrounded by wavy line watermark. Superb trim with excellent eye appeal. two extremely tiny margin chinks at top; which has to be the reason PMG only graded this note XF-40. Otherwise; no problems. Clean as a pin with superb color and contrast. One of my favorites; especially the back design. An opportunity to acquire a very, very nice T-49 at true bargain. Fully framed. A beauty.	PMG XF-40	$475	Reverse Pic 2
1862	$100	T-49 CR-348	Serial # 59236. A gorgeous note, acquired from a collection assembled in the 1950's. The original embossing is incredible and does not show up on the scan very well. Believe me; it's present and present plenty. The note has slight handling, although nothing out of the ordinary. There is a corner fold at the lower left; which in my opinion, occurred sometime after the note was acquired. The reason I say this is that the note is dead solid perfect. Perfect trim, centering upon the back; well inked, watermark is in dead center and when compared to other notes that came from this collection, it is not typical. I believe the note was bumped or dropped somewhere in time. Were this fold(s) not present at the lower left corner from the back; you would easily be looking at a $1200-$1400 note. A beauty.	CHOICE AU	$850	Reverse
1862	$100	T-49 CR-348	Serial # 116251. "No Series". A choice T-49 which, with the aid of magnification, shows a light fold. Excellent trim and clarity. "CSA" surrounded by wavy borderline watermark.	CHOICE AU+	$855	Reverse
1862	$100	T-49 CR-348	Serial # 67877. No Series. "CSA surrounded by wavy line watermark. Jumbo margins all the way around. Crackling crisp and fresh; I don't think this note saw any circulation. Many notes were mishandled in the near 150 years after they were printed. This note appears to be no exception. A couple of corner folds and three very light body folds that distract very little. Superb clarity and contrast. If you are looking for a very, very nice mid-grade T-49; here it is. No pinholes or other problems. Original embossing throughout.	VF+/XF	$515	Reverse
1862	$50	T-50 CR-357	Serial number 5248. "3d Series". Engraver's name at Columbia, S.C. above "Fundable" to far left. Two flourishes under "de" of Confederate. An exquisite example of this extremely difficult issue. Crackling crisp, fresh and bright with superb color and resulting eye-appeal. Unparalleled contrast and clarity. A minute corner fold shows with the aid of magnification. Superb.	CHOICE AU+	$975	Reverse
1862	$20	T-51 CR-363	Serial # 79625. Central vignette of the Tennessee State Capitol Building at Nashville. Alexander H. Stephens, Vice President of the Confederate State to the lower right. An incredible T-51 and one of the best I have ever seen. As most collectors know, the T-51 is notorious for not being well trimmed. It falls into the same category as the T-7, T-17, T-61 and a few others. This note is almost NEVER found well cut. This scarcer variety is a very pleasing exception. As crisp and fresh as the day it was printed, with razor sharp corners. Cut cancelled; although c/c notes of this caliber reside in some of the best type sets in the country. Deep blue ink register upon the back. When it comes to a T-51, you can't go wrong here, cut cancelled or not. Simply amazing.	CHOICE CU-CC	$325	Reverse
1862	$20	T-51 CR-363	Serial # 77292. Plenty of "pop" and crystal clear. No pinholes, with superb trim. A choice example exhibiting large, bold signatures and no problems. Blue printers ink is observable upon the back, at the lower right. It seems as though it says something, although I can't make it out. If so, it would be the first time I have ever observed anything like an engravers name upon a T-51. Sure to please.	XF-CC	$145	Reverse
1862	$2	T-54 CR-392	Serial # 17971. A very high quality of this "pink" 1862 low denomination issue. Bearing a portrait of Judah P. Benjamin, Confederate Attorney General (1861), Secretary of War (1861-62) and Secretary of State (1862-65). Benjamin escaped to England at War's end and practiced law there. As crisp, bright and fresh as they come. No problems whatsoever with superb inking and contrast. The note is trimmed just a "tick" tight at the upper left front; otherwise it goes choice CU. No ink bleed through or burn. Well above average trim for the issue. Bright, bold signatures and serial number. A most presentable example and a note which may be acquired for $100 less than a perfectly trimmed example (if you could find one).	UNC	$250	Reverse
1862	$1	T-55 CR-397	Serial # 17138. Simply a pristine example of this low denomination 1862 issue. T-55 is surprisingly difficult to locate without some kind of stain, pinholes, or trim issue. One can look at a large number of uncirculated pieces and not find a T-55 which is "all there". This note is. Crackling crisp and fresh as the day it was printed. Notorious for pinholes; this example bears none. Superb trim with bright, bold signatures and serial number. This issue, (along with T-54) is plagued with ink bleed or ink burn. Caused by the type of paper used coupled with the acidic ink used to sign and number. No bleed or burn on this beauty. If you need a T-55, look no further. A note that would fit well into the very finest of collections.	CHOICE CU	$375 SOLD	Reverse

Please visit the Terms page to order.