T-69 PF-7 $5 1864 Confederate Paper Money

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T-69 PF-7 $5 1864 Confederate Paper Money:
$31.00

T-69 PF-7 1864 $5.00 CSA Currency. State capitol in Richmond, Va., center. C. G.Memminger to the right.Series 3. Serial number 21607. Plen D.

About Very Fine using traditional grading. But, Some small edge nicks and trivial foxing spots. Net Fine, plus. Probably a PMG or PCGS Very Fine 30 edge nicks and minor stains.

This wasthe type of CSA moneyfound with Abraham Lincoln when he was shot. He picked it up as a souvenir during his visit to Richmond earlier in April, 1865.

Genuine.

TheT-69 was printed on white paper with a pink to red overprint. The center of thenote presents the state capitol of Virginia in Richmond. C. G. Memminger, whoserved as Secretary of the Treasury for most of the War, is shown at the lowerright. The reverse is a simple design with the denomination. This note waspayable two years after the ratification of a Treaty of Peace between theConfederate States and United States.

Thistype comes on quality white bank note paper. There are numerous plate statesand slanted plate letters. Most of these are not listed. More study isrequired. The T-69 type has the rare G-C plate letter error great rarity aswell.

TheT-69 comes in lighter red. However, there are some darker red examples andthese are very scarce.

Please see Pierre Frickefor more information aboutgrading standards and Confederate Paper Money. You can check out the standard Confederate paper moneybook here.

A note about 3rd party grading. PCGSand PMG do a good job putting a floor on quality within a grade range and havebecome proficient in detecting repairs (though occasionally they misssomething, or see something that is not there, as we all can).

Notes housed in Net or Apparentholders have a wide range of quality from very nice (in rare cases may benearly choice) to dogs with major problems, so each needs to be evaluated ontheir own.

However, PMG and PCGS focus ontechnical grading due to circulation and damage and do not have a mechanism forevaluating condition or eye appeal - whether a note is average, better thanaverage, choice or gem for the grade based on its color, trim and margins. Theexception to this are slabbed notes of New or Uncirculated grades to somedegree. This is important as Very Fine, Extremely Fine or AU notes can have awide range of values depending on these factors not reflected in the slabgrade. A fully framed Confederate or obsolete note is worth considerably to alot 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 oreven 3-1, e.g., an AU 58 (PPQ or not)T-20 1861 $20 CSA note trimmed intothe margin is worth between $150 and $300. The same grade, AU 58 (PPQ ornot),with a full frame and good color/inking is worth something like $500to $1000 depending on eye appeal. I will continue to use the terms plus forabove average, choice and gem to mean varying degrees of superiority ofcondition and eye appeal of a note within a grade as documented in my bookwhich is based on what collectors seek out and pay premiums for.

In coins, we’ve seen the third partygraders add things like full bell lines, full head, full bands which reflectedthe market. I’d expect either the grading services or another party to do thesame for paper money. If you are just buying the number on the holder for thebest price, you may well be buying low end notes for the grade!

Pierre Fricke. President oftheSociety of Paper Money Collectors;Professional Numismatists Guild (PNG);Professional Currency DealersAssociation (PCDA); ANA, EAC, etc...

Combined shipping, but with increasing rates for extraweight 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. Morethan 5 notes/coins combined add $1.00 to the above.