T-20 PF-5 1861 $20 Confederate Paper Money

Description: T-20 PF-5 $20.00 CSA Currency. Alexander Stephens to the left. Industry seated between Commerce with a caduceus and beehive. Issued from June 21, 1862 through December 8, 1862. B Duncan Richmond Va. First Series. Serial number faint. Plen 8. Fine to Very Fine using traditional grading. A few tiny edge nicks. Nice color for this type. Probably a PMG or PCGS Very Fine 25. Genuine.Blanton Duncan printed this $20 note in large quantities in 1862. It also was counterfeited widely, and some counterfeit examples look very similar to the real thing. The center has an allegorical design representing Industry seated between a winged Cupid holding a staff of Mercury, and a beehive, which also symbolizes Industry. At right is Hope leaning on an anchor with a palmetto plant in the background. The lower left corner features a portrait of Alexander H. Stephens, the Vice President of the Confederacy. Receivable in payment for all dues except export dues, and fundable in Confederate States stock bearing 8% interest six months after the ratification of a treaty of peace between the Confederate States and the United States. This type comes on average quality paper. Most of the paper used was plain, but there was some paper watermarked in CSA script letters used.There are many varieties. There are a great number of unlisted varieties of the “2 Series” where ”2 Series” appeared on previously used or prepared plates on which “First Series” was not completely erased. Furthermore, there is a reported “3-5” plate letter error of which an example appeared in the 2003 Mintz sale. This is not an actual plate number error as the “3” is actually a broken “5”. This is a plate state, not a variety. Others in similar or surrounding states have been noted as well. There are other new plate number error discoveries as well. This is a great type for further research!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: 99 USD

Location: San Antonio, Texas

End Time: 2024-08-13T01:47:35.000Z

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