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The E-Sylum: Volume 28, Number 26, 2025, Article 18

STACK'S BOWERS: JULY 2025 CONFEDERATE CURRENCY SALE

Stack's Bowers will be hosting their The July 2025 Confederate Currency Auction on July 17. Select items are discussed below. -Garrett

The July 2025 Confederate Currency Auction 1

T-5. Confederate Currency. 1861 $100. PMG Very Fine 30. No. 1559. Plate B. A product of the Southern Bank Note Company out of New Orleans. This evenly circulated and rather original T-5 $100 is a particularly eye appealing sight and features no endorsements on the verso. Estimate: $1,250 - $1,750.

To read the complete item description, see:
T-5. Confederate Currency. 1861 $100. PMG Very Fine 30. (https://auctions.stacksbowers.com/lots/view/3-1K1WYG/t-5-confederate-currency-1861-100-pmg-very-fine-30)

The July 2025 Confederate Currency Auction 2

T-15. Confederate Currency. 1861 $50. PMG Very Fine 20. No. 9720. Plate A. By far one of the most popular issues of the Confederacy to be produced by the Southern Bank Note Company before New Orleans fell to the Union in May 1862. This specimen offers much in the way of eye appeal and comes without any distracting cancellations often seen on other T-15s. Even circulation does well to speak to the honesty of this specimen that managed to circulate without sustaining damage or any number of impairments sustained from the years that followed the end of the American Civil War in 1865 thanks to improper storage or carless handling by the numismatists of past generations. Bold details are further exemplified by the centermost vignette and the depictions of Ceres and Justice who may be seen at left and right while rich and vivid colors are demonstrated by the orange-tinted (or vermillion) protector seen below the primary vignette and above the signature panels. This is by far an extremely handsome example of a coveted albeit short-lived design from the early days of the conflict. Estimate: $2,000 - $3,000.

To read the complete item description, see:
T-15. Confederate Currency. 1861 $50. PMG Very Fine 20. (https://auctions.stacksbowers.com/lots/view/3-1K1X0F/t-15-confederate-currency-1861-50-pmg-very-fine-20)

The July 2025 Confederate Currency Auction 3

T-17. Confederate Currency. 1861 $20. PMG Very Fine 25. No. 2440. Plate A. A short-lived design produced by Hoyer & Ludwig that was quickly replaced by the ever-common T-18. Good color and eye appeal are readily perceptible even despite a tight cut typical of the T-17. The tendrils of the green underprint notably extend over Liberty's head on this specimen. Estimate: $1,000 - $1,500.

To read the complete item description, see:
T-17. Confederate Currency. 1861 $20. PMG Very Fine 25. (https://auctions.stacksbowers.com/lots/view/3-1K1X0M/t-17-confederate-currency-1861-20-pmg-very-fine-25)

The July 2025 Confederate Currency Auction 4

T-22. Confederate Currency. 1861 $10. PMG Very Fine 25. No. 14618. Plate A. PF-1. An attractive mid-grade example of this ever popular design from the Southern Bank Note Company of New Orleans. This design features a trio of vignettes with the primary vignette represented by family of Native Americans overlooking a town in the distance. The two remaining vignettes are represented by Thetis at left and the likes of a Native American woman holding an ear of corn along the right margin. The orange underprint retains its distinctive coloration and lacks apparent evidence of oxidation. Estimate: $1,000 - $1,500.

To read the complete item description, see:
T-22. Confederate Currency. 1861 $10. PMG Very Fine 25. (https://auctions.stacksbowers.com/lots/view/3-1K1X3T/t-22-confederate-currency-1861-10-pmg-very-fine-25)

The July 2025 Confederate Currency Auction 5

T-24. Confederate Currency. 1861 $10. PMG About Uncirculated 50. No. 25330. Plate K. A lightly circulated example of well-made design produced by Keatinge & Ball. This specimen is printed on paper watermarked "TEN." The watermark may be seen between "TEN DOLLARS" and "THE CONFEDERATE STATES OF AMERICA" seen below the redemption clause. Estimate: $800 - $1,200.

To read the complete item description, see:
T-24. Confederate Currency. 1861 $10. PMG About Uncirculated 50. (https://auctions.stacksbowers.com/lots/view/3-1K1X4A/t-24-confederate-currency-1861-10-pmg-about-uncirculated-50)

The July 2025 Confederate Currency Auction 6

T-31. Confederate Currency. 1861 $5. PMG Very Fine 25. No. 5121. Plate A. A rather attractive design produced by the Southern Bank Note Company of New Orleans. The T-31 is a design ripe with allegorical symbolism with a quintet of allegorical figures at center with wharfside commercial scene in the background. Minerva may be seen at left opposite a vignette depicting a statue of George Washington as a Roman Senator on display in the Doric Hall of the Massachusetts State House in Boston. PMG comments "Cancelled." Estimate: $600 - $800.

To read the complete item description, see:
T-31. Confederate Currency. 1861 $5. PMG Very Fine 25. (https://auctions.stacksbowers.com/lots/view/3-1K1X7A/t-31-confederate-currency-1861-5-pmg-very-fine-25)

The July 2025 Confederate Currency Auction 7

T-41. Confederate Currency. 1862 $100. PCGS Banknote Gem Uncirculated 65 PPQ. No. 8560. Plate W. PF-22. A rather scarce prospect at this level of preservation. Distinct and almost frame-like margins serve as the primary attraction on this Gem Uncirculated T-41 $100 that comes printed upon watermarked paper with "CSA" in script letters and also features a trio of IP stamps from Augusta on the verso. Estimate: $400 - $600.

To read the complete item description, see:
T-41. Confederate Currency. 1862 $100. PCGS Banknote Gem Uncirculated 65 PPQ. (https://auctions.stacksbowers.com/lots/view/3-1K1XES/t-41-confederate-currency-1862-100-pcgs-banknote-gem-uncirculated-65-ppq)

The July 2025 Confederate Currency Auction 8

T-41. Confederate Currency. 1862 $100. PMG Choice Uncirculated 63 EPQ. Penned Military Endorsement "Maj. Richard J. Hill QM, 22nd Regiment Alabama Volunteers." No. 47545. Plate X. Many pleasing qualities can be observed with regards to this T-41 $100 that was graded Choice Uncirculated 63 EPQ by PMG. However, this note is not simply a conditional outlier, it also features a rather scarce penned military endorsement attributable to Major Richard J. Hill who served with the 22nd Regiment Alabama Volunteers from the beginning and all the way through 1865 when Hill was paroled at Montgomery after seeing action during the Atlanta Campaign the year before. Estimate: $800 - $1,200.

To read the complete item description, see:
T-41. Confederate Currency. 1862 $100. PMG Choice Uncirculated 63 EPQ. Penned Military Endorsement "Maj. Richard J. Hill QM, 22nd Regiment Alabama Volunteers." (https://auctions.stacksbowers.com/lots/view/3-1K1XGX/t-41-confederate-currency-1862-100-pmg-choice-uncirculated-63-epq-penned-military-endorsement-maj-richard-j-hill-qm-22nd-regime)

The July 2025 Confederate Currency Auction 9

Lot of (3) T-64. Confederate Currency. 1864 $500. PCGS Banknote Choice Uncirculated 63 PPQ. Consecutive Serial Numbers. A rare offering that stands evocative of the day this group was likely first saved over 160 years ago. This group of T-64 $500s offers (3) notes that are all by no means your average specimens. Laden with distinctive color and uncommon eye appeal, little is left to wonder regarding the quality of these specimens which have all earned a grade of Choice Uncirculated 63 PPQ from PCGS Banknote. The notes in this lot represent the B Plate Position from three consecutive sheets. Estimate: $5,000 - $7,000.

To read the complete item description, see:
Lot of (3) T-64. Confederate Currency. 1864 $500. PCGS Banknote Choice Uncirculated 63 PPQ. Consecutive Serial Numbers. (https://auctions.stacksbowers.com/lots/view/3-1K1XRY/lot-of-3-t-64-confederate-currency-1864-500-pcgs-banknote-choice-uncirculated-63-ppq-consecutive-serial-numbers)

The July 2025 Confederate Currency Auction 10

T-67. Confederate Currency. 1864 $20. PMG Very Fine 25. Serial Number 2. No. 2. Plate A. Part of the second sheet issued for the $20 denomination under this emission. Bold shades of dark red may be seen in the company of a single-digit serial number of "2" while the back shows obvious signs of discoloration. Even so this is a rare prospect for the collector and one bound to please whomever may place the winning bid. PMG comments "Discoloration, Minor Repairs." Estimate: $800 - $1,200.

To read the complete item description, see:
T-67. Confederate Currency. 1864 $20. PMG Very Fine 25. Serial Number 2. (https://auctions.stacksbowers.com/lots/view/3-1K1XZD/t-67-confederate-currency-1864-20-pmg-very-fine-25-serial-number-2)



Wayne Homren, Editor

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