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<p>[QUOTE=&quot;Collecting Nut, post: 24623925, member: 74863&quot;]One of my newest CSA Notes is a $100, 1861 T-5 Note in Extremely Fine+ condition, if not in AU condition. A tough one to get and not a cheap note either. The serial number is 2245. </p><p><br /></p><p>It is a &quot;First Richmond&quot; type and has long been a collector favorite. It is among the more difficult early Richmond issues to locate. </p><p><br /></p><p>First, how can one identify a genuine CSA Note? They are highly collectible and potentially very profitable because of the nostalgia for the time period in Southern states. However, they are also filled with fakes. There are modern fakes of course and there are souvenir reproductions. But even in the 1860’s fakes were made and circulated but even those early fakes are now collectible.</p><p><br /></p><p>Some confusion lies with facsimiles and from criminals purposely printing forgeries. Recognizing some of the most common signs of a facsimile or forgery can eliminate most fraudulent sales. One must learn the Cut, the Paper and the Ink to recognize a fake.</p><p><br /></p><p>The Cut:</p><p>The cash-strapped South could not afford the machinery to cut the printed notes as is done today so the notes were hand cut with scissors. Therefore </p><p>legitimate Confederate currency should not have perfectly cut edges like you would see on modern currency.</p><p><br /></p><p>The Paper:</p><p>Again, being short of cash, cheap rice paper was used. Rice paper feels very flimsy and it was extremely thin. Texas printed currency on papyrus during the Civil War period, so it is possible to find currency made out of other material, but most CSA currency used rice paper.</p><p><br /></p><p>The Ink:</p><p>Most CSA Notes contain hand written numbering and signatures containing iron gall ink. Some denominations used a stamp for serial numbers but they were hand signed by the Treasurer. </p><p><br /></p><p>Iron gall ink has a dark brown color, but it also oxidizes over time which leads to bleeding through to the back of the note. </p><p><br /></p><p>While some CSA notes have resisted bleeding, you should be able to see the ink bleed through the back on nearly all legitimate notes.</p><p><br /></p><p>There were 11 southern states that made up the Confederate States of America and they needed a monetary system of their own. This gave birth to Confederate Currency. These notes were issued in 4 Series 1861, 1862, 1863, &amp; 1864 each year containing numerous denominations.</p><p><br /></p><p>A total of 72 CSA Notes were printed during these four years. After the defeat of the South in the Civil War, CSA Notes became worthless as a form of US Currency. Today they are worth a small amount to thousands of dollars. The value depends on condition, grade, year and the number printed. </p><p><br /></p><p>As the printing costs were considered a number of CSA issues and no printing on the back side. Any writing or stamps on this sides adds value to the note.</p><p><br /></p><p>This note, the T-5 Note with a printed value of $100 with green overlaid printing has become quite high priced. It is a first series $100 Confederate States of America banknote with Vignettes of Justice and Minerva.</p><p><br /></p><p>It was printed by the Southern Banknote Company of New Orleans. Only 5,798 were printed. This note dated Aug 3, 1861. Interest was payable at one cent per day or 3.65% per year. Another noteworthy feature of the note is the steam train.</p><p><br /></p><p>This particular note is worth over $3500.00 today. In part for reason already stated and for the blank reverse, which has been written on by the issuer of the note. The issue date is Sept 13, 1861 in Tenn by Maj. Anderson.</p><p><br /></p><p>[ATTACH=full]1565962[/ATTACH] [ATTACH=full]1565963[/ATTACH][/QUOTE]</p><p><br /></p>

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