T-50 PF-13 1862 $50 Confederate Paper Money - PCGS-B Choice Ext Fine 45 PPQ!

Description: T-50 PF-13 $50.00 CSA Currency. Jefferson Davis, center. Keatinge & Ball Columbia, S.C. above "Fundable..." clause at left. Two flourished below "de" in "Confederate". Printed on paper watermarked CSA in block letters surrounded by a wavy line. Serial number 84526. Plen ZA. PCGS Banknote Grading Choice Extremely Fine 45 PPQ! Premium paper quality! Genuine.The T-50 is the first Confederate $50 note with a back. It also comes printed on various watermarked papers. Some of these watermarked papers (Whatman and Wookey Hole Mill) also have plain paper positions. Some T-50s are found on plain paper and are quite rare, along with those found with rare watermarks. These mechanisms were designed to make this note more difficult to counterfeit. In this case, no confirmed T-50 contemporary counterfeits exist, though it seems a favorite with modern facsimile makers, and copy makers. Dr. Ball had one example believed to be a contemporary counterfeit. That piece needs to be studied further. It currently resides in the Museum of the Confederacy.The center of the note has a vignette of Jefferson Davis. The ornate green back bears the denomination and features “The Confederate States of America”. This note was payable six months after the ratification of a Treaty of Peace between the Confederate States and United States. It also was receivable for all dues except exports dues and fundable in eight percent stock.This type comes on high quality bank note paper. It also has the very rare J Whatman and Hogkinson & Co. Wookey Hole Mill watermark varieties, of which the later was unlisted in Criswell[1]. The CSA block letter watermark with no wavy line and some of the plain paper varieties are rare. Additionally, one of the great rarities, one of two “Double Ratification” clause errors is a T-50. The common T-50s have CSA script letter, and CSA surrounded by a wavy line watermarks.Dr. Ball had identified three different varieties of the back of the T-50. When combined with the different fronts this offers a new field of variety study for the student of these notes, and an opportunity for new discovery. This work has not been included here and it needs to be developed further. [1] I wonder why? Dr. Ball had this note in his collection, which was auctioned by R. M. Smythe & Co. on September 1987. It was available for all to view. Perhaps he failed to notice this note. Criswell missed a good number of items, and a great deal of information presented in Dr. Ball’s collection, presented in the1987 auction catalog, which has since borne out to be largely correct. A note about 3rd party grading. PCGS and PMG do a good job putting a floor on quality within a grade range and have become proficient in detecting repairs (though occasionally they miss something, or see something that is not there, as we all can). Notes housed in Net or Apparent holders have a wide range of quality from very nice (in rare cases may be nearly choice) to dogs with major problems, so each needs to be evaluated on their own. However, PMG and PCGS focus on technical grading due to circulation and damage and do not have a mechanism for evaluating condition or eye appeal - whether a note is average, better than average, choice or gem for the grade based on its color, trim and margins. The exception to this are slabbed notes of New or Uncirculated grades to some degree. This is important as Very Fine, Extremely Fine or AU notes can have a wide range of values depending on these factors not reflected in the slab grade. A fully framed Confederate or obsolete note is worth considerably to a lot more than one that is trimmed into the margin for the same grade. Likewise, color is important. These factors can affect the value of a note by 50%, 2-1 or even 3-1, e.g., an AU 58 (PPQ or not) T-20 1861 $20 CSA note trimmed into the margin is worth between $150 and $300. The same grade, AU 58 (PPQ or not), with a full frame and good color/inking is worth something like $500 to $1000 depending on eye appeal. I will continue to use the terms plus for above average, choice and gem to mean varying degrees of superiority of condition and eye appeal of a note within a grade as documented in my book which is based on what collectors seek out and pay premiums for. In coins, we’ve seen the third party graders add things like full bell lines, full head, full bands which reflected the market. I’d expect either the grading services or another party to do the same for paper money. If you are just buying the number on the holder for the best price, you may well be buying low end notes for the grade! Pierre Fricke. Immediate Past President of the Society of Paper Money Collectors; Professional Numismatists Guild (PNG); Professional Currency Dealers Association (PCDA); ANA, EAC, etc... BuyVintageMoney. Author of the standard guide book to Confederate money - Collecting Confederate Money Field Edition 2014. Free shipping and insurance. eBay has announced that it will start to collect sales tax on behalf of sellers for items shipped to customers in Alabama (Jul 1), Connecticut (Apr 1), Iowa (Feb 1), Minnesota (Jan 1), New Jersey (May 1), Oklahoma (Jul 1), Pennsylvania (Jul 1), and Washington (Jan 1). Additional states are being added like Idaho and more than 20 others. This is the new internet tax out of the US Supreme Court Wayfair decision. Buyers are responsible for paying this sales tax. See eBay information for list of states eBay charges this tax payable by buyers to eBay as part of eBay invoices -- https://www.ebay.com/help/selling/fees-credits-invoices/taxes-import-charges?id=4121#section4

Price: 585 USD

Location: San Antonio, Texas

End Time: 2024-02-11T02:22:04.000Z

Shipping Cost: 0 USD