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- 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 sleeve.
- A well preserved example in Very Fine+ condition.
- Face: Central vignette of "Slaves Hoeing Cotton" as well as a portrait of John C. Calhoun on the left and an allegorical representation of Columbia on the right.
- Back: Ornately engraved with the denomination on either side of the obligation in green.
- Interest Paid stamp on the back.
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Catalogued as T-41.
This note has seen minimal handling, and not many CSA paper money issues survived like this due to the quality of paper being used. This VF+ note is a great example of CSA paper money used during the Civil War.
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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