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 Replies: 9 / Views: 2,114 |
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Valued Member
Australia
192 Posts |
Hi guys, I've found this in my grandpa's things, is it real? It looks real to me, but the fact that the stamp on the reverse says the interest was paid in 1884 has me worried. How could the interest be paid after the Confederate States dissolved?   |
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Moderator
 Australia
16832 Posts |
The stamps on the back, plus the way the iron gall ink of the stamps and of the hand-written signatures have bled through the paper, both indicate this is genuine. But as always with Confederate notes, your first stop should be the list of bogus notes, published on the Crutchfields currency website: http://www.crutchwilliams.com/BogusCSA_RoTx.htmlYour note is 1862 series $100. The serial number's a little hard to reead but looks like 15802, or maybe 10802. And I'm not seeing a match there. So, that's two pass marks from me. Quote:
...but the fact that the stamp on the reverse says the interest was paid in 1884 has me worried... An 1884 date would indeed be odd, since the Union never recognized the currency and never exchanged or redeemed them, so nobody would have paid such interest on such notes. Which is why I believe that larger stamp actually says "1864", which would be one year after the smaller but more clearly readable 1863 stamp. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
7621 Posts |
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Pillar of the Community
United States
4637 Posts |
I believe it to be genuine.
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Moderator
United States
15441 Posts |
That would be a nice find if genuine,.
Take a look at my other hobby ... http://www.jk-dk.art |
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Moderator
United States
188743 Posts |
Fantastic find!  |
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Pillar of the Community
Canada
1222 Posts |
I can't really add any info about the item shown here but do find it interesting. I had to enlarged the stamped area on the back and the serial number just to see if I could read it but it's still difficult. My guess would be serial #10802 and the back stamp could easily be 1864 to me. It could be a stray stain or brownish dot that seems to connect the six making it appear to look like a eight. Perhaps someone else can see something with the enlargements. Cheers, Bill   |
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Valued Member
United States
331 Posts |
The Civil War ended on May 13th 1865 ending the Confederacy as well. According to "Confederate States Paper Money" by George Cuhaj, the 1862 4th issue $100 note was an interest bearing note paying 2c per day in interest. It was hoped that the buyers wouldn't circulate them and hold them as investments because of the interest. From the stamps, the interest for 1862 was paid to Jan 1st 1863 and then the 1863 interest was paid Jan 1st 1864 well before the end of the Civil War. The Act of Feb 17th 1864 changed the status of these notes to bonds. This is a T-40 note (Second Issue) indicated by the Series of A-d and the date. Half of these notes were printed by J.T. Patterson after the first issue by Ludwig and Hoyer sold out. It appears that the printers name is in small letters on the bottom margin to the left. About 230,000 of these were issued and in F worth about $60, VF improves to about $80.
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New Member
United States
21 Posts |
Looks real to me. Biggest factor I look for is the signature ink. Back then all things were written by hand and in black ink on a soft paper not the hard crisp paper we have today. So the black ink turns brown and don't stay black pretty dark ink. So example go to a yard sale see 100 Confederate notes for sale look at the ink. If 2 of the 100 have brown ink and soft paper. Get the 2 and grab 2 of the fake ones. Yes I spend 8$ total but 2 if them has a chance of being atleast 8$ each. Depends on condition. Happy hunting
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Valued Member
United States
283 Posts |
Very nice find! It does look like a 6 to me. Curvature is different on the 8.
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Replies: 9 / Views: 2,114 |
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Posted 09/09/2022 12:15 am
