T-7 PF6 1861 $100 Confederate Paper Money - PMG Choice Extremely Fine 45!

Description: T-7 PF-6. 1861 $100.00 CSA Currency. Washington to the left; Ceres and Proserpine flying, center. "For" written before "Treasr". Thin paper. Issued from July 29, 1861 through October 22, 1861. Serial number 32204. Plen C. PMG Choice Extremely Fine 45! Corner tip missing lower left. Otherwise nicely trimmed. Genuine. This was the first $100 issued by the Confederacy that did not bear interest. The central vignette represents Ceres, the Goddess of Agriculture, and Proserpine, her daughter, the Goddess of the Earth. At the lower left is a bust of George Washington. The note is dated July 25, 1861. Receivable in payment for all dues except export dues, and fundable in Confederate States stock bearing 8% interest. The B plate version of this note is actually part of the group of notes that was first issued from Richmond. It was during this issue that the Confederate Treasury recognized that the actual Register and Treasurer could not possibly sign all of the notes. They began to enlist substitute signers, and changed the notes to say “for Register” and “for Treasurer”. As this change was made after the printing of these notes began, some that were issued had “for” written by hand, while most had “for” printed. This type comes on thick bond paper, which did not wear well. The B plate varieties all come on this paper, and the serial numbers are written in brown ink. The brown ink issues do not constitute a different variety from what is already described below. Early in production of the C plate, Hoyer & Ludwig substituted thinner paper, which was better suited for circulating currency. C plate letter notes have a small “100” upper left and B plate letter notes have a large “100” upper left. T-7 PF-5 is one of the great rarities with written “for”. T-7 PF-1, PF-2 and PF-3 are all very scarce to very rare. Thin paper appears somewhat transparent or translucent. You can see the design through the back when held up to a strong light. Thick bond paper appears heavier, is three times thicker, and is opaque. The design cannot be readily seen through the back on notes printed on thick paper. T-7s are harder to find than T-5s and T-6s in higher grade. Because they did not bear interest they circulated extensively. There were a few packs or groups saved by banks, and a few saved by individuals. T-7s can be found in Uncirculated condition, however, they are tightly held these days, and not always available. T-7s have always been premium Confederate notes, even in lower grades due to their relative scarcity vs. T-8s and T-9s. Be aware that there are a good number with small repairs. T-7s were not cut as carefully as the First Series Montgomery and Richmond notes. Hence, full-framed T-7s are difficult to find. Typically, one of the corners of a T-7 will be trimmed into.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: 1595 USD

Location: San Antonio, Texas

End Time: 2024-11-30T02:32:06.000Z

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