T-11. Confederate Currency. 1861 $5. PCGS Currency Fine 15.No. 31180, Plate Bb. These Hoyer & Ludwig produced 1861 Fives came on thick bond paper which wore poorly in circulation. Thus, T-11s often come with numerous paper impairments. The present note is typical of what we often see. While the printed design elements are bold and sharply detailed, the paper has seen better days. This example was cancelled with multiple cut outs. The cut outs have been replaced and the grading service additionally mentions small splits and tears. This should be an affordable option of a difficult type.From the Green Valley Collection.