Group of Indians in the center. Woman with X to the right. Issued from November 13, 1861 through May 15, 1862. PMG Choice Very Fine 35.This is another of the beautiful red Confederate Treasury notes. It was printed by the Southern Bank Note Company in New Orleans, which was the politically correct name adopted by the New Orleans branch of the American Bank Note Company headquartered in New York. A family of Indians graces the center of this note. The chief is holding a bow and a tomahawk.
The woman to the right holds an ear of corn. The X in her other hand represents the denomination.To the left is Thetis with a scepter of Neptune, which represents sovereignty of the sea. There are two varieties of this note printed on thick red fiber paper. The A and B plate T-22s were printed on a sheet of four with a corresponding A and B plate T-31. For some unknown reason, a small number of the T-22s were issued with red ink serial numbers. This is an interesting rarity, and the hardest to find of the entire T-15-19-22-31 group. There are several of these reportedly in Uncirculated. XF and better are very rare. This type is hard to find at a show in better than F-VF, as nice examples are tightly held.
Occasionally, a VF or VF+ appears. This type is typically overgraded at the VF level, leading one to believe that VFs are more available than they really are. The T-22 was made on thick paper and retains body even when well circulated. 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. These factors can affect the value of a note by 50%, 2-1 or even 3-1, e. 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, weve seen the third party graders add things like full bell lines, full head, full bands which reflected the market.Additional states are being added like Idaho and more than 20 others. The item "T-22 PF-1 $10 Confederate Paper Money 1861 PMG Choice Very Fine 35 bright" is in sale since Sunday, May 10, 2020. This item is in the category "Coins & Paper Money\Paper Money\ US\Confederate Currency". The seller is "armynova" and is located in San Antonio, Texas.
This item can be shipped to United States, Mexico, Bermuda.