T19 $20 1861 Cr. 137

T19 $20 1861 Cr. 137 (image 1/2)
T19 $20 1861 Cr. 137 (image 2/2)
Pricing & History
T19 $20 1861 Cr. 137. The Confederate Department of the Treasury stuck with Southern Bank Note Company in New Orleans (the thinly disguised American Bank Note Co. Branch in New Orleans) as long as it could because there were few capable steel plate intaglio printers within the boundaries of the Confederacy. The problem was that the office was so small that its ability to produce the large quantities of notes needed was severely limited. Nonetheless, before New Orleans fell to Union forces in April 1862, it turned out several high quality bank note designs that were eagerly accepted in Richmond. This red and black $20 features vignettes of Minerva, Navigation (or Commerce), and an adaptation of Pat Lyon at his forge. The note also bore three red-orange counters and a tint panel to deter counterfeiting. Only 14,860 of these notes were issued before production ceased in April, 1862. This note has been held by a number of collectors over the years since 1976 when Grover Criswell placed it in several notable collections including that of Arnold Cowan, whose estate holdings were offered at the R.M. Smythe & Co. June, 1998 Memphis sale. After residing in one more west coast collection for a period of time, the note was finally acquired by Hilton. PCGS grades this example Very Fine 30 without qualification although the note has been hammer read more
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