T-3. Confederate Currency. 1861 $100. PMG Choice Uncirculated 63. No. 1216, Plate A. Hang onto your hats as this lot kicks off, because this is the first appearance of an Uncirculated T-3 in a PMG holder at public auction. About 1,600 of this Montgomery $100s were issued, with a little over 150 known to exist today. PMG has graded 45 examples of this type, with this monster sitting proudly atop the Population Report. This type was engraved and printed by National Bank Note Company in New York. Neatly penned signatures of Clitherall and Elmore are found, with an endorsement of "Issued May 31, 1861" seen on the reverse. The front of the note depicts allegorical Minerva (or Columbia if you are a Northerner) at left, with a detailed depiction of a train pulling into a station at center. At upper right is an ornate die counter seen in jet black ink, while the green border and protector pop in a dark green color. The paper is also bright which helps accentuate all of the design details, especially the dark navy blue serial numbers. The place of issue is Montgomery, as seen next to the lower serial number. The capital of the Confederate States of America was later moved to Richmond on May 29th, 1861.<p>The T-3 is often regarded as one of the most beautiful types of Confederate paper issued and it is easy to see why: wonderful craftsmanship perfected by the National Bank Note Company adds exceptional flair, while the paper quality of these NBNC notes are far superior to the examples later issued by the Confederacy. This example is found un-cancelled, and is sure to create quite a buzz among Confederate collectors looking to upgrade to this top tier note. This is one of the most attractive examples of this type your cataloger has seen, and we would not be surprised if the high estimate is met or exceeded to take this beauty home. PMG Pop 1/None Finer.
