From the Grading Room
Posted on 4/26/2011
T-1 1861 $1,000 Confederate Currency
The highest denomination ever issued by the Confederacy, the T-1 Confederate $1,000 note was issued in a very low quantity of 607 in 1861. Due to the relocation of the capital from Montgomery to Richmond there are a low number of these notes. Following the move, most Montgomery notes were redeemed. The quality of this note makes it rare but its condition makes it extra special. PMG graded this note a 55 making it the finest known example in our population report. All Montgomery issued notes were signed by Register, Alex B. Clitherall and Treasurer, E.C. Elmore with the exception of about a dozen $500 notes that were signed by Acting Register, C.T. Jones. The T-1 $1,000 features portraits of John C. Calhoun at left and Andrew Jackson at right and includes an attractive green design with contrasting blue serial numbers. This note is a true beauty.
T-2 1861 $500 Confederate Currency
The $500 T-2 Montgomery issue is like the T-1 in its rarity. There were only 607 notes issued for this denomination as well. This wonderful note is another great example as it is graded 50 Net making it the finest known in our population report. The T-2 also possesses the green color with contrasting blue serial numbers that the T-1 displays. With the addition of a vignette picturing cattle crossing a brook and a train over bridge, it makes for another beautiful note in this series.
T-3 $100 & T-4 $50
Rounding out the 1861 Montgomery issues are the T-3 $100 and the T-4 $50. These were the only remaining denominations issued from Montgomery and they possess the same characteristics. Both have the striking green design with blue serial numbers like the T-1 and T-2. The T-3 also has a beautiful train vignette that makes it a very appealing note among collectors. The T-4 has a southern plantation vignette featuring slaves in the field hoeing cotton. The T-3 and T-4 are more numerous as there were 1,606 issued but they are still a rarity among collectors.