HERITAGE APRIL 2020 CURRENCY SALE SELECTIONS

Lot 22002: 1861 Confederate $500 Montgomery T2

Manuscript Endorsement "A.J. Guirot" T2 $500 1861 Cr. 2 PCGS Extremely Fine 40.
This $500 note was part of the very first emission of Treasury Notes by the Confederacy. A total of 607 $500 notes were issued between April 8, 1861 (four days before hostilities actually began) and July 23, 1861. The notes were part of a deal brokered by Gazaway Bugg Lamar and ABNCo, with the Treasury Note part of a larger order being subcontracted to National Bank Note Company by ABNCo due to the press of time. This order was placed shortly after the March 9th authorization by the Confederate Congress for the issuance of Treasury Notes, with the first order of 607 sheets of $1000-$500-$100-$50 notes being received in Montgomery on April 2, 1861, ten days before the commencement of hostilities. While another 1000 sheets of $100-$50 were printed and barely escaped confiscation by Federal authorities in late April, 1861, no additional $1000s or $500s were printed. The $500 necessarily used pre-war vignettes of Ceres and a train crossing a bridge with cattle being driven in the foreground entitled The Crossing engraved by James Smillie. The note exhibits excellent color and paper quality with many of the attributes of an even higher graded note. The back has a manuscript issue endorsement of A. J. Guirot, Assistant Treasurer of the Confederate States of America.

This note traces its ownership to Lewis C. Gehring of Brooklyn, a prominent banker and treasurer of Prudential Savings Bank of Brooklyn. Gehring consigned the note to the famous Thomas Elder's August 26, 1921 auction in New York, where it was graded "uncirculated" and sold for a whopping $56, a record for any $500 Montgomery from 1865 to 1941. Elder sold the note again May 12, 1939, where it was described as "uncirculated, perfection, clean note, a gem." The note likely was purchased by dealer Charles Wormser of New York, son of the founder of New Netherlands Coin Co., who in turn sold it to his protégé John J. Ford in 1957. Ford held onto this note until he began the massive liquidation of his entire numismatic collection in 2003.

This superlative mid-grade example without any condition distractions will be a key part of any Confederate collection fortunate enough to add it. Originally auctioned in 1921 by Thomas Elder as part of the Lewis C. Gehring collection, this note went on to spend time in the John J. Ford Collection and is one of the best condition examples known. Selections From the J. Wayne Hilton Confederate Currency Collection

To read the complete lot description, see:
Manuscript Endorsement "A.J. Guirot" T2 $500 1861 Cr. 2 PCGS Extremely Fine 40.. ... (https://currency.ha.com/itm/confederate-notes/1861-issues/manuscript-endorsement-aj-guirot-t2-500-1861-cr-2-pcgs-extremely-fine-40/a/3577-22002.s)

Lot 22010: 1861 Confederate $10 T22

T22 $10 1861 Cr. 150 PCGS Very Choice New 64PPQ, CC.
A dark orange overprint adorns this handsome cross-cut cancelled $10. This note was cancelled early in its life which kept it from circulating. It was able to stay as pristine as possible and a delight for generations of collectors through the years. This is the highest graded T22 and the only Uncirculated piece to be cancelled that we have ever offered. The two cut cancellations do not impair any major design features, therefore leaving a highly collectable T22. For comparison purposes, we had an uncancelled Cr. 150 grading PCGS New 62 realize $19,200 at our FUN 2020 auction. This cancelled, yet higher graded example, should finish well. Selections From the J. Wayne Hilton Confederate Currency Collection

To read the complete lot description, see:
T22 $10 1861 Cr. 150 PCGS Very Choice New 64PPQ, CC.. ... (https://currency.ha.com/itm/confederate-notes/1861-issues/t22-10-1861-cr-150-pcgs-very-choice-new-64ppq-cc/a/3577-22010.s)

Lot 22023: 1861 $10 Demand Note

Fr. 6 $10 1861 Demand Note PMG Very Fine 30.
Demand Notes were important instruments in financing the Union's Civil War budget. A shortage of coin during war time put further strains on circulating paper currency. These notes circulated heavily until Legal Tender could help alleviate currency needs. As a result, few Demand Notes are known in grades above Very Fine, most of them $5s. That statement is especially true for this Friedberg number as none are reported above the Very Fine 35 level. The example we are offering tonight is one of the finer known survivors whose only flaw is a slight tear along the top margin as mentioned on the PMG holder. Otherwise, both hand-signed signatures are strong, the colors are incredible, and the note is far better margined than most Demand Notes. The PMG Choice Very Fine 35 example referenced above brought $28,800 in our 2019 Central States auction.

To read the complete lot description, see:
Fr. 6 $10 1861 Demand Note PMG Very Fine 30.. ... (https://currency.ha.com/itm/large-size/demand-notes/fr-6-10-1861-demand-note-pmg-very-fine-30/a/3577-22023.s)

Lot 22046: 1864 $10 Compound Interest Treasury Note

Fr. 190b $10 1864 Compound Interest Treasury Note PMG Very Fine 30.
A well margined example of this challenging "middle of the book" note that has a small tear at the edge. Overall, this piece retains excellent ink colors and is well on the positive side of the mid grade for the type. The bronzing has remained reasonably bright with no traces at all of the nearly ubiquitous green corrosion. A nice note that a collector can take pride in without emptying his bank account.

To read the complete lot description, see:
Fr. 190b $10 1864 Compound Interest Treasury Note PMG Very Fine 30.. ... (https://currency.ha.com/itm/large-size/compound-interest-treasury-notes/fr-190b-10-1864-compound-interest-treasury-note-pmg-very-fine-30/a/3577-22046.s)

Lot 22277: 1720 Louisiana 10 Livres

Louisiana July 1, 1720 10 Livres Tournois PMG About Uncirculated 55.
It has been over five years since we last offered a note from French Colonial Louisiana. This note was printed in France and issued by the Bank Royale in New Orleans. These notes were part of the famed "Mississippi Bubble" debacle involving Scottish financier/schemer John Law and land in New France. The latest Newman on page 158 values it at $750 in VF. A few small tears affect nothing.

To read the complete lot description, see:
Louisiana July 1, 1720 10 Livres Tournois PMG About Uncirculated 55.. . (https://currency.ha.com/itm/colonial-notes/georgia/louisiana-july-1-1720-10-livres-tournois-pmg-about-uncirculated-55/a/3577-22277.s)

Lot 22429: Confederate Hotel 25¢ Scrip

New Iberia, LA- Confederate Hotel 25¢ Sep. 26, 1862 PCGS Apparent Fine 12
Printed on thick green rag paper with the imprint of "L.T. Burnett, Printer," the title is at the top and obligations across the center, with the engraved city and date. The left end floral pattern encloses the cartouche showing "25 CENTS." At the right end, the floral pattern edge matches the left. A red protector "25 Cts." is at center. Burnett did much printing in the area at this time, and the similarity of his style and vignettes can be seen on different issues. Noted with "Edge and Internal Tears; Minor Stains."

To read the complete lot description, see:
New Iberia, LA- Confederate Hotel 25¢ Sep. 26, 1862 PCGS Apparent Fine 12.. ... (https://currency.ha.com/itm/obsoletes-by-state/louisiana/new-iberia-la-confederate-hotel-25-sep-26-1862-pcgs-apparent-fine-12/a/3577-22429.s)

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