T-12 PF-1 1861 $5 Confederate Paper Money - PCGS Very Fine 25 PPQ-Choice-Gold!

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Seller: Top-Rated Plus Seller armynova ✉️ (8,450) 100%, Location: San Antonio, Texas, US, Ships to: US, Item: 382171470474 T-12 PF-1 1861 $5 Confederate Paper Money - PCGS Very Fine 25 PPQ-Choice-Gold! .

T-12 PF-1 $5.00 1861 CSA Currency. Front. V left. Confederate States, center. 5 to the right. Back. Confederate States of America in blue.   Serial number 1399. Plen H.  

PCGS Very Fine 25 PPQ (premium paper quality). Clean and original! Premium paper quality! Full framed and choice for the grade. Hard to find. Comes with a gold CHOICE sticker indicating a choice for the grade note! If you want a superior note and not take a chance on one in a holder with unmentioned issues or is poorly cut, this is the note for you!   

Genuine.

This issue is known as the “Manouvrier” note, named after the printer, J. Manouvrier, in New Orleans. This is the only 1861 issue with a printed back, and the only Confederate note with the words “Confederate States of America” on the back. It is a basic design and was thought to be easily counterfeited[1]. The note is dated July 25, 1861. Receivable in payment for all dues except export dues and fundable in Confederate States stock bearing 8% interest.

Manouvrier’s work was not well received in Richmond due to its simplicity of design and the fact that his shipment did not arrive in good order. The packages containing the $10 Manouvrier notes were broken into, and Treasury officials destroyed them all in Richmond. The $5 note was issued, but no more orders were placed with Manouvrier, though he did do some work for the State of North Carolina in 1862 and 1863. No one knows for certain if any $10 Manouvriers survive. If one appeared in an auction today, it would probably bring the highest price ever realized for a Confederate note.

The T-12 comes on decent quality bank note paper. Bradbeer assigned variety numbers to each plate letter, which Criswell carried forward. I believe this is an incorrect categorization. As they were all on the same plate, T-12 has one variety with 4 plate letters, F, G, H and I.

There is a small hoard of about twenty T-12s in AU to Uncirculated in the 1755 to 1785 serial number range. Included amongst these are some or all of the four General Sherman notes that were presented to him by the U.S. government upon his retirement from the Army. There are a scattering of other Choice XF to Uncirculated examples known. “I” is the toughest to find in high grade.

A good number of T-12s have minor repairs and/or have been “cleaned up”. A trivial repair or a good cleaning that is not readily apparent does not hurt a T-12 much, perhaps half a grade. There are others that have more problems, and it is still tempting to improve these expensive notes for the purpose of obtaining more money when sold.

T-12s were cut better than the Hoyer & Ludwig Second Series notes described above. Nevertheless, fully-framed, high grade T-12s are difficult to find and are worth a premium.


[1] There are no known contemporary counterfeits of this type.

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.

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. 

Combined shipping, but with increasing rates for extra weight and insurance.  2 to 5 notes or coins - $2.98 for under $50 total. $3.98 for $50 to $200. $4.98 for $200 to $500. $5.98 for more than $500. More than 5 notes/coins combined add $1.00 to the above.

 

  • Condition: Mid grade 1861 rare $5 CSA note. Clean and original! Premium paper quality! Full framed and choice for the grade. Hard to find. Comes with a gold CHOICE sticker indicating a choice for the grade note!
  • Date: July 25, 1861
  • Item Type: Confederate Currency
  • Certification: PCGS Currency
  • Grade: 25
  • Type: 12
  • Circulated/Uncirculated: Circulated
  • Denomination: $5
  • Grade Designation: EPQ/PPQ - CHOICE - Gold

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