1861 Confederate $100 Note. The central vignette is of slaves loading bales of cotton. Sailor standing at lower left. Plain reverse. Bold ink signatures of R.J. Delony for Register (left) and J. W. Jones for Treasurer (right). This is an example of a difficult to locate Hoyer and Ludwig issue, especially in this grade. This note grades gem uncirculated with only slightly tight upper margins. One small age spot exists just above the right "C" but is not distracting. Well inked with notable detail and clarity. There are no signs of handling, no folds. Small crimp at middle right margin which existed in the paper stock prior to printing. A scarce and early 1861 issue.
The printing partnership of Ludwig & Hoyer worked out of Richmond, Virginia. Their print contracts also included local scrip and Virginia banknotes. Their last major printing was this issue in 1861 and the partnership dissolved in 1865.