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Auction: 10USA - NYC Currency and Stock & Bond Auction
Lot: 2013

$1000. T-1. Cr.1. No.515. PF-1. John C. Calhoun, left. Andrew Jackson, right. Note has been conserved and the once brilliant green overprint appears a bit washed out. Note has four small punch holes that have been backed as well as a couple of sealed edge tears. An affordable example that would fit nicely into a quality Confederate type collection until one can assemble a hefty war chest to acquire a higher grade note. VG. ($7,500-15,000) \\r Ironically, the very first Confederate paper money was engraved and printed by the National Bank Note Company, in New York City. Shortly after the notes were ordered and delivered, hostilities broke out at Fort Sumter, and Federal Marshals moved in to the National Bank Note Company?s offices and confiscated the printing plates. \\r Of the 607 $1,000 Montgomery notes issued, 116 are known. Perhaps a third of the survivors are virtually unobtainable, locked away in public and private institutions, the other closely held. The $1,000 notes were signed by Alexander B. Clitherall as Register and Edward Elmore as Treasurer. The fiery Mr. Elmore was not a man to be trifled with. Mr. Daniels, the publisher of a Richmond newspaper, wrote an article claiming that Elmore was a heavy gambler who was embezzling large sums from the Treasury. Elmore immediately challenged Daniels to a duel and shot him! Estimate US$ 7,500-15,000

Sold for
$12,100