T-4. Confederate Currency. 1861 $50. PMG Very Fine 20.No 149, Plate A. These National Bank Note Company printed fifties were the last of four design types issued while the Confederate capital was located in Montgomery. They were high quality notes printed with engraved steel plates. Each of the Montgomery issues bore interest at a rate of half a cent per day. The present note was issued April 9, 1861. The note was then redeemed on May 11, 1861 with $50.13 paid out reflecting the principal and interest. A nice unrestored example that shows both cross and cut out cancellations. PMG comments Cut Cancelled.
