The
currency team at Stack’s Bowers Galleries is pleased to offer a wonderful
collection of Confederate paper money in our Official Currency Auction of the
Whitman Coin and Collectibles Winter Expo this November. The Cabarrus
Collection was assembled by a private collector over the course of nearly a
decade and features a number of rare and highly desirable type notes including the
“Big Six” notes vigorously sought by collectors.
More
than 70 lots from the Cabarrus Collection will be featured and among the
highlights are the four Montgomery issues. The T-1 1861 $1000 from the
collection is a moderately circulated and well cut note graded Apparent Very
Fine 30 by PCGS with repaired cross-cut cancellations (lot 10129). It is estimated to sell for $25,000 to $35,000.
The collection’s T-2 1861 $500 is a brilliantly colored note that displays just
light circulation and bold inks (lot 10130). PCGS has graded the note Apparent
Very Fine 30 with mention of restored punch cancellations and redrawn areas of
the design. This example also carries a pre-auction estimate of $25,000 to
$35,000. Collectors will be drawn to the T-3 1861 $100 that displays
beautifully printed inks and bright clean paper (lot 10131). That note is
graded PCGS Apparent Very Fine 35 with mention of small repairs at the center
of the note. It is expected to sell for $15,000 to $25,000. A nearly
uncirculated T-4 1861 $50 will also be offered (lot 10132). The lightly handled
and boldly colored $50 has been graded Apparent About New 50 by PCGS with mention
of repair in the upper right corner that has proven extremely difficult to
detect. That note carries a $15,000 to $20,000 estimate.
Among
other rare types is the T-27 1861 $10 (lot 10173). The example from the
Cabarrus Collection is boldly printed on bright paper and has been graded Very
Fine 30 Net “Repaired” by PMG. It has two cut cancellations which are closed by
archival tape on the back. The note is a scarce PF-2 variety from the A11 plate.
It carries a pre-auction estimate of $8,000 to $12,000.
Confederate
currency enthusiasts will also be interested in the rare T-35 1861 $5 Indian
Princess (lot 10183). The note comes nicely printed for the type with bold
details. PCGS has graded the note Apparent Very Fine 25 with mention of
restorations on back. Those restorations are fairly minor and appear to negate
out mounting remnants. The note is estimated at $20,000 to $30,000.
The
many great notes found in the Cabarrus Collection will be available online for
viewing and bidding soon. The Stack’s Bowers
Galleries Official Currency Auction of the Whitman Coin & Collectibles
Winter Expo will be held November 2-4, 2016, at the Baltimore Convention Center
in Baltimore, Maryland. We are currently accepting consignments to our 2017
auction events. If you are interested in consigning to an upcoming auction, or
have a currency related question, please contact Currency Specialist Brad
Ciociola atbciociola@stacksbowers.com or Director of Currency Auctions
Peter Treglia at petert@stacksbowers.com.
