T-1. Confederate Currency. 1861 $1000. PMG Choice Very Fine 35 Net. Cancelled, Cancellation Repairs. No. 494, Plate A. Just 607 examples of this National Bank Note Company produced $1000 type were issued and today fewer than 120 are thought to survive. The printed inks are sharp with the portraits of John C. Calhoun and Andrew Jackson seen in excellent detail. The intricate green tint that these Montgomery notes are so well known for is vibrant and boldly inked. The signatures of actual Register Clitherall and actual Treasurer Elmore are neatly penned on bright white paper. These notes bore interest at a rate of 10 cents per day. There is a stamped endorsement on the back stating that the note was received at Savannah on April 21, 1863, with interest paid for 425 days amounting to $42.50. This example was cancelled upon redemption and those cancellations were professionally repaired as mentioned by the grading service. The note is quite appealing with bright paper and bold color. Printed in the NEW YORK by the National Bank Note Company at a time when the leaders of the Confederacy envisioned it being a separate country and peaceful neighbor of the United States of America. It did not quite work out that way! From the Q. David Bowers Collection.
