T-41 PF-16 $100 Confederate Paper Money

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T-41 PF-16 $100.00 CSA Currency. J.C. Calhoun to the left. Slaves hoeing in the center. “Confederacy”, right. Scroll 2. Lower margin, inside frame line goes under “Except”. Printed on paper watermarked with CSA in script letters. Serial number 19735. Plen Z . About Uncirculated. Nice high grade note. Genuine. This was the third high volume interest bearing $100 note issued in large quantities by the Confederacy. They paid 7.3% annual interest, or double that of the First Series notes of Montgomery and Richmond . Some were issued by hand by agents. Their signatures, and occasionally the place of issue appears on the back. The T-41s also bear interest paid stamps on the back indicating that interest was collected by the bearer. The center of these notes has a vignette of slaves hoeing in a field, hence the term “Hoers”. John C. Calhoun, a father of states rights, is to the left. An allegorical representation of the “Confederacy” as represented by Columbia is to the right. These notes were payable six months after the ratification of a Treaty of Peace between the Confederate States and United States and were not fundable. This type comes on high quality bank note paper. It also was engraved, and not lithographed. As they were interest bearing, many were saved, and high quality examples are easily found. However, many were not cut read more

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