Confederate Notes - Rough value idea?

Discussion in 'Paper Money' started by scooterv, Oct 6, 2013.

  1. scooterv

    scooterv Member

    My Dad has six Confederate notes he is now thinking of selling. He was going to just take it to an LCS, but I asked him to hold off until he could visit so I could run it past everyone here first. He is also considering E_Bay, and he is also aware that most Confederate notes don't have a whole lot of value.

    Of the Notes, the $10 and $20 are lightly circulated, the $100 looks almost uncirculated, and remaining three heavily circulated. Any idea would be appreciated. At least he'll know if he should take an offer from the LCS or instead take them to E-Bay.

    IMG_20131006_0002.jpg IMG_20131006_0003.jpg IMG_20131006_0001.jpg
     
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  3. ken454

    ken454 Well-Known Member

    sorry cant help with value but you should do some research on those, confederate notes are very collectible and can be valuable.
    but i did see the same $100 note as yours on ebay with a starting bid of $270.
     
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  4. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I am half way out the door, but here is some info that may help.

    Assuming legit, and off the top of my head, only the $100 may have much value, and even then it is not significant. The $10, which shows a cannon, I believe is somewhat popular for this very reason, but nowhere near the level of, as an example, the T64 TJ Jackson note. I do not handle CSA notes often, so I suggest you double check everything.

    The $100 shows Lucy Pickens, the wife of the first South Carolina governor of the CSA. I believe the number is T65.

    $10 T68 - Robert Hunter

    $20 T67 - A.H. Stephens, who was the CSA VP

    $2 T70 - Judah Benjamin

    The $5 looks to be pre-War and I am not familiar with it. I actually have a couple examples of the Alabama 25C fractional somewhere, but I am not that familiar with this either. If no one else has helped you by later this evening, I will take a closer look when time allows.
     
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  5. noob76

    noob76 Member

    These definitely are the more common Confederate notes, but there is some value to them. Don Kelly is a National Bank Note expert and has stuff for sale on his website. I think his prices are generally fair, and a good way to spot check prices for common material:

    http://www.donckelly.com/

    Using him as a reference:

    10 dollar - 35 to 50 bucks
    20 dollar - 30 bucks (on account of the staining)
    2 dollar - 20 to 40 bucks (on account of the tears)
    100 dollar - might be worth 100 bucks given the good condition
    5 dollar - Bank of Augusta - Looks similar to this note so maybe 50 bucks:
    http://www.donckelly.com/obsolete/ga30_g66.html
    25 cents - 20 to 30 bucks
    http://www.donckelly.com/obsolete/al_cr6A_118.html

    That said, I'm not sure how easy getting those prices will be. There's a fair amount of Confederate material around, but at the coin shows I visit, it doesn't seem all that popular.

    Also, I'm pretty confident all those are legitimate. They all look right to me.
     
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  6. scooterv

    scooterv Member

    Thanks for all the help and info!!!!

    He was a re-enactor and at one re-enactment sponsored by a Civil War museum the museum offered to pay the units with excess Confederate notes they had, so while I'm sure museums can make mistakes it's a good start. I also compared the serial numbers to all the lists I could find of known fakes. It was also interesting reading about looking at the color of the signatures because in fakes they are often black and match other printed black exactly.
     
  7. noob76

    noob76 Member

    If you've compared the serials to known fakes you should be fine. For the common issue confederate notes (and I'd place them all into this category) the fakes, (many I would call reproductions because they are that obvious) are pretty easy to spot.

    I myself owned a 10 and 100 of this type and the fading of the ink compares nicely with my pieces. I actually just sold the 100 (it was in awful shape) and distinctly remember the typed letters that look out of place (in my opinion) but are completely genuine for the piece.
     
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  8. MEC2

    MEC2 Enormous Member

    The Lucy Pickens is the prize here, probably $75 - $100, looks like a very nice example. The $10 is a favorite but EXTREMELY common, most common printed note of the entire Confederacy I believe, and the example looks decent but likely not valued more than $30. The $20 has foxing or other discoloration that will keep it under face. The other three notes appear in very rough condition and don't appear to be anything of particular value, and only the deuce is a true Confederate note (this is a nice design but the condition of this one is clearly very very poor), the other is an obsolete and a state issued note.

    Offer them in here. You will save on fees and the notes can find a good home, good for seller and buyer alike... if only there was a currency only for sale forum *COUGH*... the common for sale forum will have to do for now.

    P.S. Scan the reverse on the $100... it will matter to someone paying that much.
     
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  9. scooterv

    scooterv Member

    Thanks again to all !!!

    He has the information now, and will be checking with the LCS near him. Otherwise, they will come back to me to either list on E-Bay or here if the offered price is way below. He's walking into it though assuming a max of 70% of retail, and a low of 30%, and planning to make up his mind when he hears the price compared to having to deal with listing, shipping, etc.

    I suspect I'll have them back soon to figure out how to sell them.
     
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