||Richmond, VA - Commonwealth of Virginia-Virginia Treasury Note $50 Aug. 13, 1861 Cr. 2 Jones & Littlefield VT02-08. PCGS Very Choice New 64. The third rare denomination from Hoyer & Ludwig's red color tint series. Printed on the same bond paper as the other denominations and with the full imprint at the bottom right of Hoyer & Ludwig, Richmond, VA. Twice the amount of $500 and $100 notes (12,300) were emitted, and 1863 records show that 268 were still outstanding. The design style is different from the previous two. The title is across the center with two allegorical females above. Commerce is seated while Ceres, crouching, holds an urn. At the left is the Virginia emblem in an oval, with Liberty trampling Tyranny. At the upper right is a rare portrait of John Tyler (successor to William Henry Harrison). A red lace tint grill is across the bottom center, with white, outlined FIFTY/50. Different flanking counters are at top center, and at the upper left red obligations. Interestingly, this is serial 1034 plate A (the Shull plate note is same serial number, plate A). There are more of these known than the $100 notes; probably 25-35 is accurate, and many are strongly held. The note appears PPQ to us, with excellent color and virtually full margins. A nice representative of the type and series. Ex: Eric P. Newman Numismatic Education Society.
Realized $9,400.00. Newman VI (Heritage Auctions, 4/2015), lot 19376. Description courtesy of Heritage Auctions.