Lot 2273
1864, $20 Confederate States. PCGS Gem New 65PPQ. . Fr-CS-67. This beautiful Gem example from the Roswell Bank Hoard has full margins and excellent color. True Gem Confederates are not easy to locate, as typical examples--even from the overprinted issues of 1864 that created hyperinflation before Lee's surrender at Appomatox rendered them contemprarily worthless--were often cut haphazardly and usually display some degree of centering problems or even margins that are cut well into the design. This is as nice an example as we've seen, and it will be interesting to see how much value the market will place on a very scarce high grade example of an otherwise common Confederate note. Our estimate here might prove quite conservative, perhaps even in the extreme.
Estimated Value $200 - 300.
Rosewell Bank Hoard.
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| Realized $299 |
