T-17 PF-1 1861 $20 Confederate Paper Money - PMG Very Fine 20

Description: T-17 PF-1 $20.00 CSA Currency. Liberty to the left. Ceres seated between Commerce and Navigation in the center. Issued from September 14, 1861 through November 5, 1861. Serial number 29748. Plen A. PMG Very Fine 20. Minor (trivial) rust. Great color and almost fully framed. Comes with a silver PLUS sticker indicating a superior PMG 20 note. T-17 is rare with this good trim. Genuine. This is the first note of the Third Series to be printed. Hoyer and Ludwig were already working for the Confederacy on the Second Series. The three females in the center represent Ceres, the Goddess of Agriculture, seated between Commerce and Navigation. At left is a figure representing Liberty with a pole and a cap. This is a common representation of Liberty on American numismatic items going back to the Liberty Cap large and half cents of 1793. The note has a green underprint. The notes were receivable in payment of all dues and fundable in 8% stock. This was a short lived Hoyer & Ludwig issue replaced by the much more common T-18.This type is the only issue of the Third Series to have “for” written in, since one of the plates had it missing erroneously. This is a rare variety. Three extremely rare varieties are found in T-17: PF-3 (erroneously watermarked TEN); PF-4 (underprint in blue); and PF-6 (no “for”s either written or printed).This type is rare with a good cut, as it is almost always found cut into the margin, many times quite badly. Additionally, this type is notorious for ink bleed and burn through at the signatures. There are a number of Uncirculated examples around, and it is available in high circulated grades with patience. Finding one in Choice Very Fine or better grades in choice is another story – really tough. Usually found in VG to Fine.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: 895 USD

Location: San Antonio, Texas

End Time: 2024-12-19T01:47:35.000Z

Shipping Cost: 0 USD