CABARRUS COLLECTION OF CONFEDERATE PAPER

The currency team at Stack’s Bowers Galleries is pleased to offer a wonderful collection of Confederate paper money in our Official Currency Auction of the Whitman Coin and Collectibles Winter Expo this November. The Cabarrus Collection was assembled by a private collector over the course of nearly a decade and features a number of rare and highly desirable type notes including the “Big Six” notes vigorously sought by collectors.

More than 70 lots from the Cabarrus Collection will be featured and among the highlights are the four Montgomery issues. The T-1 1861 $1000 from the collection is a moderately circulated and well cut note graded Apparent Very Fine 30 by PCGS with repaired cross-cut cancellations (lot 10129). It is estimated to sell for $25,000 to $35,000. The collection’s T-2 1861 $500 is a brilliantly colored note that displays just light circulation and bold inks (lot 10130). PCGS has graded the note Apparent Very Fine 30 with mention of restored punch cancellations and redrawn areas of the design. This example also carries a pre-auction estimate of $25,000 to $35,000.

Collectors will be drawn to the T-3 1861 $100 that displays beautifully printed inks and bright clean paper (lot 10131). That note is graded PCGS Apparent Very Fine 35 with mention of small repairs at the center of the note. It is expected to sell for $15,000 to $25,000. A nearly uncirculated T-4 1861 $50 will also be offered (lot 10132). The lightly handled and boldly colored $50 has been graded Apparent About New 50 by PCGS with mention of repair in the upper right corner that has proven extremely difficult to detect. That note carries a $15,000 to $20,000 estimate.

Among other rare types is the T-27 1861 $10 (lot 10173). The example from the Cabarrus Collection is boldly printed on bright paper and has been graded Very Fine 30 Net “Repaired” by PMG. It has two cut cancellations which are closed by archival tape on the back. The note is a scarce PF-2 variety from the A11 plate. It carries a pre-auction estimate of $8,000 to $12,000.

Confederate currency enthusiasts will also be interested in the rare T-35 1861 $5 Indian Princess (lot 10183). The note comes nicely printed for the type with bold details. PCGS has graded the note Apparent Very Fine 25 with mention of restorations on back. Those restorations are fairly minor and appear to negate out mounting remnants. The note is estimated at $20,000 to $30,000.

The many great notes found in the Cabarrus Collection will be available online for viewing and bidding soon. The Stack’s Bowers Galleries Official Currency Auction of the Whitman Coin & Collectibles Winter Expo will be held November 2-4, 2016, at the Baltimore Convention Center in Baltimore, Maryland.

To read the complete article, see:
Cabarrus Collection of Confederate Paper Money to be Offered in Stack’s Bowers November Baltimore Auction (www.stacksbowers.com/News/Pages/Blogs.aspx?ArticleID=2274)

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