T-70, .00 Confederate States Note – PMG About Uncirculated 53

Description

T-70, .00 Confederate States Note – PMG About Uncirculated 53
Offered for your consideration is a .00 Civil War era note issued by the Confederate State of America, catalogued by the late Grover Criswell as a T-70. By the time this note was authorized in early 1864, Confederate finances were showing the effects of a protracted war, with little hope of recovery. Inflation was rapidly escalating, and shortages of even the most basic items were becoming commonplace. Due to the increased inflation, notes of this denomination were becoming almost obsolete, though the Confederacy issued 932,800 pieces before the close of the war. The note is highlighted by a ¾ facing view of Judah Philip Benjamin, one of the most prominent men in the Confederate hierarchy, presented in an oval frame at the right. During the course of the war, Benjamin served as the Confederate Attorney General, Secretary of War, and Secretary of State (before the war, Benjamin was a United States senator from Louisiana). The denomination appears in a medallion at the center of the note, with
“Richmond”
to the left and
“Feby. 17th 1864”
to the right. A printed financial obligation states that
“Two Years after the ratification of a Treaty of Peace between the Confederate States & the United States of America THE
CONFEDERATE STATES OF AMERICA Will pay to the bearer on demand TWO DOLLARS”
. Two Treasury employees sign at the conclusion, one
“for Register”
and the other
“for Treasurer”
, with
“Engraved by Keatinge & Ball”
, between and slightly below. A second printer’s notation, indicating that the note was
“Lithogd. by Evans & Cogswell”
, can be seen at the left. The left end of the note is dominated by a vertical box, in black, with the denomination expressed as
“TWO”
within. An orange-red security printing covers the majority of the note, with the vertical box at the end unaffected. The back, as with many notes of this era, was left blank. A great addition to any Confederate currency or general Civil War collection. Nice eye appeal.
This note has been professionally graded and encapsulated by Paper Money Guaranty as
“About Uncirculated 53”
, with no additional notations on the holder.
The note is cut tight at the top right edge, with the inner-frame line being affected (it is also tight along the right edge). The remainder of the margins are quite large for the issue, though all are irregular and somewhat ragged. The signatures are reasonably sharp and clear, the one at the left being particularly so. The contrast is average for the issue (though much closer to orange than red), with part of the protectorate being slightly off-center and atop the design elements. Toning is present across the entire surface, though it is significantly more pronounced on the unaccomplished back. Several stains, as well as a few folds are noted, undoubtedly accounting for the assigned grade. A very pleasing example of this well designed note.
A .95 charge will be added to the winning bid for postage and insurance.
A .00 charge will be added to any item picked up in person at our physical location.
If you have any questions regarding this item, please ask before bidding.
Buy or Bid with Confidence – American Coins & Collectibles President Richie Self has worked 6 years as a paper money grader/authenticator. He has contributed to numerous reference books within the industry, as well as being a co-author of “The Comprehensive Catalog and History of Confederate Bonds, 2
nd
Edition” with Douglas B. Ball, Ph.D., Henry F. Simmons, M.D., Ph.D. and James R. Desabaye. Mr. Self is a life member of the American Numismatic Association, the Society of Paper Money Collectors, as well as numerous regional numismatic associations. He is an authorized submitter to NGC, PCGS, and PMG, a diamond founding member of Coin Dealers Helping Coin Dealers and a supporter of the Industry Council for Tangible Assets. American Coins and Collectibles can be found at many of the state and local coin shows.
American Coins and Collectibles
Shreveport, LA