T-49 PF-2 1862 $100 Confederate Paper Money

Description: T-49 PF-2. 1862 $100.00 CSA Currency. Soldiers to the left. Lucy H. Pickens, center. George W. Randolph to the right. Printed on paper watermarked CSA in block letters surrounded by a wavy line. Serial number 125478. Plen D. PMG Very Fine 30. A few tiny tears on edge. Fully framed with bright color. Appears choice for the grade. Genuine.The T-49 is the first Confederate $100 with a back. It also came on watermarked paper. These mechanisms were designed to make this note more difficult to counterfeit. Nevertheless, some counterfeits exist today on plain paper that could have been easily detected during the War if a person knew the correct combinations of series and watermarks. The center of the note has a vignette of Lucy Pickens, the wife of the Governor of South Carolina. In the late 19th and early 20th centuries there was a great deal of debate about whether this vignette was of Pickens, or of Mrs. Jefferson Davis. However, H. D. Allen in 1917 goes to great length to show that it is indeed Mrs. Pickens. At the lower left are figures representing the army and artillery branches of the military. George Wythe Randolph, the Secretary of War, is featured in the lower right corner. The ornate green back bears the denomination, and the terms “Fundable in Stocks and Bonds of the Confederate States” and “Receivable for all dues except export dues”. This note was payable six months after the ratification of a Treaty of Peace between the Confederate States and United States. This type comes on high quality bank note paper. It also features very rare J Whatman and Hogkinson & Co. Wookey Hole Mill watermark varieties. Finally, some of these also come on short and longer paper with a difference of 1/4 inch. Though technically varieties, I have omitted them, as they are neither particularly rare, nor easily spotted without comparison notes. This type is somewhat common in all grades except Choice About Uncirculated to Uncirculated which are rare. A note about 3rd party grading. PCGS and PMG do a good job putting a floor on quality within a grade range and have become proficient in detecting repairs (though occasionally they miss something, or see something that is not there, as we all can).Notes housed in Net or Apparent holders have a wide range of quality from very nice (in rare cases may be nearly choice) to dogs with major problems, so each needs to be evaluated on their own. However, PMG and PCGS focus on technical grading due to circulation and damage and do not have a mechanism for evaluating condition or eye appeal - whether a note is average, better than average, choice or gem for the grade based on its color, trim and margins. The exception to this are slabbed notes of New or Uncirculated grades to some degree. This is important as Very Fine, Extremely Fine or AU notes can have a wide range of values depending on these factors not reflected in the slab grade. A fully framed Confederate or obsolete note is worth considerably to a lot more than one that is trimmed into the margin for the same grade. Likewise, color is important. These factors can affect the value of a note by 50%, 2-1 or even 3-1, e.g., an AU 58 (PPQ or not) T-20 1861 $20 CSA note trimmed into the margin is worth between $150 and $300. The same grade, AU 58 (PPQ or not), with a full frame and good color/inking is worth something like $500 to $1000 depending on eye appeal. I will continue to use the terms plus for above average, choice and gem to mean varying degrees of superiority of condition and eye appeal of a note within a grade as documented in my book which is based on what collectors seek out and pay premiums for. In coins, we’ve seen the third party graders add things like full bell lines, full head, full bands which reflected the market. I’d expect either the grading services or another party to do the same for paper money. If you are just buying the number on the holder for the best price, you may well be buying low end notes for the grade! Pierre Fricke. Immediate Past President of the Society of Paper Money Collectors; Professional Numismatists Guild (PNG); Professional Currency Dealers Association (PCDA); ANA, EAC, etc... BuyVintageMoney. Author of the standard guide book to Confederate money - Collecting Confederate Money Field Edition 2014. Free shipping and insurance. eBay has announced that it will start to collect sales tax on behalf of sellers for items shipped to customers in Alabama (Jul 1), Connecticut (Apr 1), Iowa (Feb 1), Minnesota (Jan 1), New Jersey (May 1), Oklahoma (Jul 1), Pennsylvania (Jul 1), and Washington (Jan 1). Additional states are being added like Idaho and more than 20 others. This is the new internet tax out of the US Supreme Court Wayfair decision. Buyers are responsible for paying this sales tax. See eBay information for list of states eBay charges this tax payable by buyers to eBay as part of eBay invoices -- https://www.ebay.com/help/selling/fees-credits-invoices/taxes-import-charges?id=4121#section4

Price: 298 USD

Location: San Antonio, Texas

End Time: 2024-11-13T02:48:56.000Z

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