The $100 Confederate States of America Military Endorsement Banknote from 1861 might not have been familiar to all Americans. If you’re new to collecting coins and numismatics, take a look at this outstanding example from American history.
This $100 note was graded by PCGS and assigned the Choice Fine-15 Details designation. The Montgomery banknote is, of course, exceptional. This one is roughly 163 years old, having been created on May 15, 1861.
Why do these $100 notes have historical significance?
In reality, because they were issued under the Confederacy, they have historical significance. In addition to its well-documented significance in American history, it features a stunning “America” design.
“America” (Columbia or Minerva) is erect, with a train and passengers in the backdrop. The numerals are large and have a beautiful design as well. About 1,600 $100 Montgomery notes were issued, according to Stack’s Bowers.
There are little over 150 of these banknotes in existence. For instance, roughly 45 of them have been assessed by PMG. The most costly examples will undoubtedly be uncirculated and well-preserved banknotes.
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The $100 1861 Montgomery Banknote’s auction price
According to the Professional Coin Grading Services, it sold for $4,440 at the most recent auction. Furthermore, the National Bank Note Company in New York was responsible for printing and creating this miracle.
The paper’s brightness is another aspect of this note that deserves special attention. This feature aids in drawing attention to the design’s details.
Remember that Montgomery was the issue’s location. The fact that Richmond later became the capital of the Confederate States of America adds even more value to the bill. It was considered the most attractive banknote of its kind by many collectors.
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