Watch List notes:

CSA, T-15, $50, September 2, 1861, Cr-79. PF-1. No. 5204. A. Hope with anchor, left. Locomotive facing left, center. Justice, right. Red-orange underprint. A very attractive design printed by the Southern Bank Note Company. PMG 30 Very Fine. Cut Cancelled Previously Mounted. Neatly cut cancelled. Excellent color..

Estimate: $3000-5000