STACK'S BOWERS DECEMBER 2025 CONFEDERATE PAPER

T-5. Confederate Currency. 1861 $100. PCGS Currency Choice About New 58. Apparent Minor Mounting Remnants on Back. No. 5771. Plate B. Following the breakout of open hostilities after the Bombardment of Fort Sumter in April 1861, the Confederacy was forced to look inwards to fulfill its currency needs. One such institution that worked to fulfill that need was the Southern Bank Note Company out of New Orleans. Formed from the remnants of the American Bank Note Company's operations in New Orleans, the SBNC was able to produce notes with a level of technical sophistication that came close or even sometimes matched its northern counterparts. Issues such as the T-5 and T-6 were produced in limited quantities and offer a stark contrast to the oft-seen issues of Hoyer & Ludwig and Keatinge & Ball in technical terms. That contrast is brought to a distinct form by this lightly handled albeit slightly imperfect specimen that was issued during the opening stages of the conflict and should serve the collector well in representing a difficult entry in their collection. PCGS Currency comments "Minor Mounting Remnants on Back."

Estimate: $1,000 - $1,500.

Provenance: From the José Octavio Busto Collection.

To read the complete item description, see:
T-5. Confederate Currency. 1861 $100. PCGS Currency Choice About New 58. Apparent Minor Mounting Remnants on Back. (https://auctions.stacksbowers.com/lots/view/3-1OGG0D/t-5-confederate-currency-1861-100-pcgs-currency-choice-about-new-58-apparent-minor-mounting-remnants-on-back)

T-7. Confederate Currency. 1861 $100. PMG Very Fine 25 EPQ. No. 5607. Plate C. A rarity from the early months of the conflict. This evenly circulated $100 represents a crude product of Hoyer & Ludwig albeit an example that offers exceptional qualities for the grade assigned. Nice margins are easily noticed while the penned elements remain both original and bold in their application. The added benefit of PMG's EPQ designation for "Exceptional Paper Quality" is a rare bonus at this grade level as the typical T-7 has sustained its share of impairments in circulation. Noted for "Exceptional Paper Quality" by PMG.

Estimate: $800 - $1,200.

To read the complete item description, see:
T-7. Confederate Currency. 1861 $100. PMG Very Fine 25 EPQ. (https://auctions.stacksbowers.com/lots/view/3-1OGG0Y/t-7-confederate-currency-1861-100-pmg-very-fine-25-epq)

T-17. Confederate Currency. 1861 $20. PMG Very Fine 20. No. Unknown. Plate A. A short-lived design produced by Hoyer & Ludwig that was quickly replaced by the ever-common T-18. The tendrils of the green underprint notably extend over Liberty's head on this specimen while decent margins for the design may be observed. PMG comments "Thinning."

Estimate: $600 - $900.

To read the complete item description, see:
T-17. Confederate Currency. 1861 $20. PMG Very Fine 20. (https://auctions.stacksbowers.com/lots/view/3-1OGG4M/t-17-confederate-currency-1861-20-pmg-very-fine-20)

T-22. Confederate Currency. 1861 $10. PCGS Banknote Very Fine 20. No. 16298. Plate A. PF-1. An attractive evenly circulated example of this design produced by 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. PCGS Banknote comments "Writing in Pencil."

Estimate: $500 - $750.

To read the complete item description, see:
T-22. Confederate Currency. 1861 $10. PCGS Banknote Very Fine 20. (https://auctions.stacksbowers.com/lots/view/3-1OGG8Q/t-22-confederate-currency-1861-10-pcgs-banknote-very-fine-20)

T-30. Confederate Currency. 1861 $10. PMG Choice Uncirculated 64. No. 7246. Plate 3. A rarity at this level of preservation. Full margins may be observed on this truly exceptional specimen. PMG comments "Pinholes."

Estimate: $1,000 - $1,500.

To read the complete item description, see:
T-30. Confederate Currency. 1861 $10. PMG Choice Uncirculated 64. (https://auctions.stacksbowers.com/lots/view/3-1OGGGY/t-30-confederate-currency-1861-10-pmg-choice-uncirculated-64)

T-41. Confederate Currency. 1862 $100. PMG Gem Uncirculated 65 EPQ. Penned Military Endorsement. "Paymaster. Felix Senac, Confederate States Navy." No. 28827. Plate Y. A rather scarce prospect at this level of preservation. Distinct and full margins serve as the primary attraction on this Gem Uncirculated T-41 $100 that comes printed upon watermarked paper with "CSA" in script letters. This note was also endorsed in 1863 by Felix Senac who was a Navy Paymaster who seemingly served in a desk role for the duration of the conflict.

Estimate: $800 - $1,200.

To read the complete item description, see:
T-41. Confederate Currency. 1862 $100. PMG Gem Uncirculated 65 EPQ. Penned Military Endorsement. "Paymaster. Felix Senac, Confederate States Navy." (https://auctions.stacksbowers.com/lots/view/3-1OGGRK/t-41-confederate-currency-1862-100-pmg-gem-uncirculated-65-epq-penned-military-endorsement-paymaster-felix-senac-confederate-st)

T-45. Confederate Currency. 1862 $1. PCGS Currency Extremely Fine 45 PPQ. No. 48008. Plate 6. Lightly circulated and wholly original with decent margins that lend this note a strong degree of eye appeal.

Estimate: $400 - $600.

To read the complete item description, see:
T-45. Confederate Currency. 1862 $1. PCGS Currency Extremely Fine 45 PPQ. (https://auctions.stacksbowers.com/lots/view/3-1OGH1T/t-45-confederate-currency-1862-1-pcgs-currency-extremely-fine-45-ppq)

T-64. Confederate Currency. 1864 $500. PCGS Currency Choice New 63 PPQ. No. 38087. Plate B. Numbered and issued likely just before Union forces under the command of Major General William T. Sherman took Columbia in February 1865. This particular note was printed from a fresh stock of ink that was likely sourced in the months and weeks before Columbia fell to the advancing elements of Sherman's forces. Rich colors are exemplified by the dark pinkish-red shade used for the underprinting and serves to offer a fine contrast against the portrait of Lieutenant General Thomas "Stonewall" Jackson and the Great Seal of the Confederacy at right surrounded by the motto "DEO VINDICE" which translates to "God Vindicates." Margins are fairly even while a degree of originality often foreign to this issue is likewise retained. Visually striking and on par with the example we sold in our Spring 2024 Auction (Lot 20188) for $2,880 in terms of both originality and eye appeal.

Estimate: $1,500 - $2,500.

To read the complete item description, see:
T-64. Confederate Currency. 1864 $500. PCGS Currency Choice New 63 PPQ. (https://auctions.stacksbowers.com/lots/view/3-1OGHC7/t-64-confederate-currency-1864-500-pcgs-currency-choice-new-63-ppq)

T-68. Confederate Currency. 1864 $10. PMG About Uncirculated 53. Solid Serial Number. No. 66666. Plate B. A barely circulated example of a prolific design. This example is not your typical specimen on account of one distinction evident at both ends of the primary vignette. A solid five-digit serial number of "66666" may be noticed on this specimen and offers a rare opportunity for the specialist.

Estimate: $300 - $500.

To read the complete item description, see:
T-68. Confederate Currency. 1864 $10. PMG About Uncirculated 53. Solid Serial Number. (https://auctions.stacksbowers.com/lots/view/3-1OGHNA/t-68-confederate-currency-1864-10-pmg-about-uncirculated-53-solid-serial-number)

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