T-16. Confederate Currency. 1861 $50. PMG Choice Uncirculated 63.No. 68870. Plate XA. Hammer Cut Cancelled. PMG notes Minor stains. An early Confederate type that is a four figure note as a nice AU piece. Uncirculated examples are truly rare, whether cancelled or uncancelled. Wonderful color is accompanied by great depth of printing. We just sold a PCGS AU 58PPQ for over $1,500 in our ANA sale.