1862 $100 (T-40) Train Diffused Steam XF-45 PMG
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Currency Highlights:
Not many CSA paper money issues survived like this due to the quality of paper being used. This AU note is a nice example of CSA paper money used during the Civil War. Add this 1862 CSA $100 Train Diffused Steam note to your cart today!
The necessity of financing military operations during the Civil War forced the Confederate government to print paper money, just as the U.S. government did for the first time. These Confederate issues were once scorned by collectors, but are now in demand and rising in value. They have become a favorite with collectors due to the different issues and variety of designs.
The Treasury notes issued by the Confederate States of America were known to bear interest on the principal specie used to exchange the notes. Stamps were used to keep track of when certain notes had their interest paid per annum.
Currency Highlights:
- This is from the group of notes to be issued in 1862 by the Confederate States during the Civil War.
- Housed in an archival quality currency holder by PMG.
- Certified Extra Fine-45 by PMG.
- Comments: Miscut
- Face: Central vignette of a train with diffused steam coming out of it.
- Back: Intentionally left blank.
- Printed by J.T. Paterson & Co. of Columbia, South Carolina.
- This note circulated throughout the course of the war, being redeemed on July 1, 1863 and on January 1, 1864.
- Cataloged as T-40.
Not many CSA paper money issues survived like this due to the quality of paper being used. This AU note is a nice example of CSA paper money used during the Civil War. Add this 1862 CSA $100 Train Diffused Steam note to your cart today!
The necessity of financing military operations during the Civil War forced the Confederate government to print paper money, just as the U.S. government did for the first time. These Confederate issues were once scorned by collectors, but are now in demand and rising in value. They have become a favorite with collectors due to the different issues and variety of designs.
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