T-23 PF-2 $10 Confederate Paper Money 1861 PMG Very Fine 20

T-23 PF-2 $10 Confederate Paper Money 1861 PMG Very Fine 20
T-23 PF-2 $10 Confederate Paper Money 1861 PMG Very Fine 20

T-23 PF-2 $10 Confederate Paper Money 1861 PMG Very Fine 20

John E Ward at left. Wagon load of cotton in the center. The Corn Gatherer at right.

Issued from November 15, 1861 through December 30, 1861. Some pin holes not mentioned on the holder. This type has an interesting history. The center of the note features a wagon loaded with cotton in the center.

The Corn Gatherer is shown at right. Oldham, a Confederate States Senator from Texas. However, the identity of this individual was finally solved and published in a 1917 Numismatist article.

He is John Elliot Ward, a President of the Mechanics Bank, a holder of several government offices, and a person opposed to secession. He left the South and went to New York City to practice law. An ironic figure to be placed on a Confederate note to be sure, but the plate was already engraved and of quite good quality. This type comes on high quality bank note paper of two types plain and red fiber paper. It was 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.

The highest grade I can locate is AU++ for this type. It is difficult to find in conservative VF and better, most offered are VG to Fine. The orange underprint is faded on many examples due to circulation as well as to the elements. Further, the underprint was subject to oxidation, which appears as a darkening of the color.

Bright orange, full X X TEN underprint examples are worth a significant premium. 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-23 PF-2 $10 Confederate Paper Money 1861 PMG Very Fine 20" is in sale since Sunday, October 13, 2019. 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.


T-23 PF-2 $10 Confederate Paper Money 1861 PMG Very Fine 20


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