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100 Dollar Confederate-Question

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coins92's Avatar
United States
851 Posts
 Posted 01/04/2010  6:19 pm Show Profile   Bookmark this topic Add coins92 to your friends list Get a Link to this Message Number of Subscribers
I have posted this note before but just took a look at the serial number. The number is 2. Is this extremely low number valuable for Confederate issues also?
The reason I'm asking is because a guy keeps bugging me about selling it to him. He is willing to pay 90 for it and I feel that is too high and he might be seeing something else of value(maybe the number)

Does anyone have an idea for a reasonable price. I am lost.

Well I just received an email from a purchaser of Confederate Notes and he said he would be more than willing to offer me $1,500 for the note. Where would the "I Just About Soiled Myself" Smiley be?

http://i770.photobucket.com/albums/..._0001-11.jpg
http://i770.photobucket.com/albums/...G_0002-4.jpg

Would there be any way to find out who numbered and dated the note? Would it be one of the two signatures at the bottom?
Edited by coins92
01/24/2010 4:02 pm
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Sap's Avatar
Australia
16810 Posts
 Posted 01/06/2010  01:49 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Well, compared with modern US notes, all Confederate notes have "low numbers", so it's not quite as special as a "number 2" modern note. Still, I think it would add some kind of premium.
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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Siuol's Avatar
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 Posted 01/08/2010  01:39 am  Show Profile   Bookmark this reply Add Siuol to your friends list Get a Link to this Reply
I realize that this doesn't have anything to do with your question, but I wanted to point out that the guy in the bottom left corner looks deranged and like he is trying to set things on fire with his mind. Also have no idea on value, but the 2 for the serial number is very cool.
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 Posted 01/08/2010  04:35 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Yes Lou (I'm too a Lou), that deranged looking guy was one of our country's finest statesmen, Vice President (1825-1832) John C. Calhoun. He actually 'was' well adapted to setting things on fire with his mind as he kindled the 'doctrine of nullification' and the 'doctrine of concurrent majorities'.
As for the note itself, this was an interest bearing note, so it's purpose was to serve more as a bond than as normal currency. I concur, this note is all about the '2'.
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 Posted 01/08/2010  05:50 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
coins92, While I am more of a researcher than a collector, I can neither deny or adjudicate the authenticity of your note, but if indeed original, I would not hesitate to say this:
If you sell this note for a mere $90, you should wrap it nicely with a big red ribbon bow, as you would be necessarily presenting it as a gift.
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biokemist6's Avatar
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 Posted 01/08/2010  11:24 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
I wanted to point out that the guy in the bottom left corner looks deranged and like he is trying to set things on fire with his mind

That is some of the funniest stuff I have read in a while
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 Posted 01/08/2010  12:12 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Yes, I definitely agree with both of you Siuol and biokemist6. Very funny.

Contemporary paintings of Vice President (of the United States) Calhoun depict much the same flavor of his facial character, but looks can be deceiving.

Consider Albert Einstein and Stephen Hawking in this respect. To look at any of the three of these men, you would not suspect the genius within.
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coins92's Avatar
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 Posted 01/08/2010  4:49 pm  Show Profile   Bookmark this reply Add coins92 to your friends list Get a Link to this Reply


Well Zeewool I can assure you it is 100% authentic. I would say it is at least a VF 20.
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 Posted 01/09/2010  9:58 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Yes, I do not doubt you. I have seen serial #2 on this type note before, but with different signatures. I have yet to see a serial #1 though. I imagine that they are also far and few between if not more so.
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 Posted 01/09/2010  11:49 pm  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
That seems quite a bit more appropriate than the $90 that you felt was 'too high' before.
A good many people will pay tremendous premiums for low serial numbers on these old notes because out of the hundreds of serial #2s that were probably issued, only a hand few reasonably still exist.
Congratualations!
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coins92's Avatar
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 Posted 01/10/2010  12:04 am  Show Profile   Bookmark this reply Add coins92 to your friends list Get a Link to this Reply


Does this mean that I own #2 of all about 650,000 printed?
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 Posted 01/10/2010  01:01 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
No, not by a long shot. I am not entirely sure of the sequencing of the Confederate notes, but I would imagine that it followed a similar path as the Federal issues that were born at the same time for the same reasons. Since Confederate notes bore no series number (that I can detect), I presume that the date of issuance determined the sequencing. Consider this, once a run of notes reached a certain high number, say 10,000 for a $100 note, the serial numbers would start all over again at #1.
Take the 1862 Federal one dollar bill for instance; there were over 28 million notes issued between 1862-1869. The serial numbers ranged from #1 - #100,000. This means that the numbering sequence started at #1 (284 times). There were 284 notes issued with the serial #1, but only one (series #1, serial #1) was the first one. On the Federal notes, a series number was located (in various places) on the face of the note.
If you own an 1862 one dollar note with a series number of say 234, this means that your note was not actually printed and issued until a year or two after the civil war was over. Serial #1 of series #1 was the very first one dollar bill issued by the US in 1862. It was presented to then Secretary of the Treasury Salmon Chase (whose portrait was on the note), and is now in the safekeeping of the Chase Manhattan Bank in New York.

Your particular note is not 'the' second note of this type printed (for sure) as the date of August 28th is somewhere in the middle of the run of this type. The other serial #2 that I have seen was dated April something. No matter. $15K will mean a nice profit margin on whatever you paid for it.
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DVCollector's Avatar
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 Posted 01/10/2010  01:14 am  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply

Quote:
Yes, I definitely agree with both of you Siuol and biokemist6. Very funny.

Looks like that guy in "Scanners"

Ser. #2? I wouldn't let that go until you're very sure as to value.
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 Posted 01/10/2010  01:17 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Here is a scan of the 3,310th note issued by the US government. It is series #1, serial #3310. (Note the location of the lower serial number). Wish I still owned it.

100-Dollar-Confederate-Question

100-Dollar-Confederate-Question
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Bryan1315's Avatar
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 Posted 01/10/2010  04:10 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply

Quote:
(Note the location of the lower serial number)

what does this mean?
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 Posted 01/10/2010  10:07 am  Show Profile   Bookmark this reply Add zeewool to your friends list Get a Link to this Reply
Approximately the very first 5000 $1 notes were issued with the lower 'red' serial number directly on top of the 'red' Treasury Seal. In an effort to remedy this color clash, the number was hastily moved to the location of on top of the numeral '1' in (the viewer's) lower left corner of the note. Check it out, 'any' 1862 one dollar note you will ever find or see will have the lower serial number in the lower left corner. (If the serial number is over the seal as this one is, well, you know what to do, if you can afford it). There are only a very small handful of these notes known to exist.
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