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T27 $10 1861 PF-2 Cr. 224 PMG Very Fine 25. ...

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Price:   
Grade: 25
Quantity: 1
Last Update: 4/2/2021
Dealer:  (Terms) Heritage Auctions (HA.com)

Auction: 2021 April 21-23 - Central States Currency Signature Auction #3582 - Session 3 View this auction on the auction site
Auction Date: 4/23/2021 - 4/23/2021
Lot Number: 22016 View this lot on the auction site
T27 $10 1861 PF-2 Cr. 224 PMG Very Fine 25. With a few more than 34 notes of this design variety reported, including this serial number that is new to the census, this is one of the keys to the Confederate series. Hoyer & Ludwig printed a mere 8,576 examples (both varieties) of this design that was issued between November 26 and December 5, 1861 before production was abruptly ended. Why this design had such a short production life still puzzles students of Confederate paper money. As was the case for many of the earliest Confederate notes, all of the vignettes were pre-war engravings that had been appropriated for use by the various Confederate printers. 7,160 A-b plen notes were printed, paired with an equal number of $5 "Indian Princess" notes, on an eight position, two denomination lithographic stone. Only 1,416 alpha-numeric plen $10 notes were subsequently printed on an eight position single denomination lithographic stone. The T27 alpha-numeric plen census included 34 serial numbers in 2014, and has barely grown since. While the design is pretty pedestrian and the note has seen a fair amount of circulation, rarity still attracts intense collector interest. With only minor ink erosion noted by PMG, this classic rarity is among the nicest examples that we have been privileged to offer, and will take any collection to which it is added to the next level. HID08101242017

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