1864 $500 Confederate (Fr. T64)

Pleasing circulated example with balanced margins and stronger than typical ink contrast for the type. The paper shows honest use with intersecting vertical and horizontal folds, scattered soiling, and light toning, yet the signatures and red serials remain bold and readable. PMG notes Small Internal Tears - these are minor and internal, with no large edge splits seen. The reverse exhibits expected fold rub and handling, but the sheet retains decent body and integrity. Respectable eye appeal for a CSA five hundred in this state of preservation.