Confederate Money

wikicollecting

2015-06-26 11:24:28

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Confederate Money

Confederate Money is a form of money used as legal tender throughout the Confederate States during the U.S Civil War.

Brief history and description

Confederate money first began circulating in 1861 until 1864 in order for the Confederate government to use as a "legal tender" to citizens from the Southern states. Seventy-two different types of bills as well as hundreds of different sub-types of the notes were issued during a small time frame of three years, and approximately $2 billion in currency was circulated during this time.

The notes can range in value from one-tenth of a dollar to $1,000, and some of the many authentic Confederate money notes typically featured cotton-related themes (such as slaves picking or hoeing cotton), Southern crops being loaded on steamboats, and notable Southern leaders such as Stonewall Jackson.

Guide for collectors

It is estimated that there are nearly 140 versions of the 1864 $10 bill.

Only 607 $1,000 Montgomery notes were issues, however, only 116 are still known to exist today, thus are considered to be extremely rare.

Restoration of a Confederate money note is not recommended.

For more information regarding Confederate money, visit CSA Notes.

Value

$1000 notes

Smythe & Co. Inc. in New York, New York sold:

  • A CSA $1000 bill (with John C. Calhoun on the left and Andrew Jackson on the right) for $52,500 in July of 2007.
  • A CSA Montgomery $1000 note for $30,000 in April of 2007.

$500 notes

Smythe & Co. Inc. in New York sold an 1861 CSA Bond $500 note featuring horses pulling a wagon at the top of the note for $23,500 in July of 2007.

$50 notes

Smythe & Co. Inc. in New York sold an 1861 $50 CSA bond note featuring a portrait of Hon. Howell Cobb for $7,500 in July of 2007.

$2 notes

Smythe & Co. Inc. in New York sold a CSA $2 note (circa 1862) featuring a portrait of Judah P. Benjamin in the left corner for $1,100 in July of 2007.

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