T 32 PF 1 5 Confederate Paper Money
Paper Money: US >>> Confederate Currency
T-32 PF-1 $5 Confederate Paper Money

T-32 PF-1 $5 Confederate Paper Money
Start Price USD 3,900.00
Current Price USD 3,900.00
Time Left -
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Start Time Saturday, July 19, 2008
End Time Saturday, July 26, 2008
Location Atlanta, Georgia

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Description
T-32 PF-1 $5 CSA Currency. Boy in oval at left. Machinist with hammer at right. Issued from November 15, 1861 through December 30, 1861. Plen A. Serial number 3898.  Fine to Very Fine. Nearly Choice for the grade.  Outstanding cut with a full margin.  Nice orange overprint that is nearly complete.  Market grader's Very Fine++. This note is Leggett, Keatinge & Ball’s high quality $5 printed in late 1861. The note is very similar to the $5 note issued by the Mechanics Savings Bank of Savannah, Ga. in 1855. At right is a blacksmith with anvil, tools and sledge hammer. In the lower left corner is a portrait of a young boy. This exact vignette can be found on other bills issued before the War as well. This note was “Receivable in payment for all dues except export dues and fundable in Confederate States stock bearing 8% interest six months after the ratification of a treaty of peace between the Confederate States and the United States.”   This type comes on high quality bank note paper of two types – plain and red fiber paper. It was also printed using two plates of two notes – T-23 A and T-32 A plate letters; and T-23 A1 and T-32 Aa plate letters.   At least two Uncirculated examples exist. A couple of AUs and XF-AUs are also noted; there are a few more around that have not seen the light of day in a long time. This type is difficult to find in conservative VF and better, most offered are VG to Fine. The orange overprint is faded on many examples due to circulation as well as to the elements. Further, the overprint was subject to oxidation which appears as a darkening of the color. Bright orange, full overprint examples are worth a significant premium.   Please see CSA Quotes for more information about grading standards and Confederate Paper Money. Better Attribution, Grading and Value (tm)    

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10/11/2008 9:18:59 PM