This bill is hand-signed with the number “98498” and is in excellent non-circulated condition. At the war’s end, the value of one hundred Confederate dollars had plummeted to $1.76, which equates to a rate of inflation of around 9,000 percent. If the Union came out on top, the Confederate money would be worthless. Added to the Collection by Michael Hobor, class of 1969.
In 1861 the price per bushel of salt was eighty cents in Confederate currency. 10-issued out of Richmond, VA in April of 1863 this bill features goddesses. The problem was that the bills would only be redeemable if there were still a Confederacy around to cash them after the ratification of a peace treaty. CONFEDERATE DOLLAR Confederate dollars were the paper money issued by the. Confederate currency issued in Milledgeville, Georgia on January 1, 1863. With a Union naval blockade diminishing the lucrative international cotton trade, the Confederacy needed a way to raise some quick cash – the Confederacy and Confederate states started printing its own money. Unlike their Union counterparts, the Confederate states didn’t boast vast reserves of money and precious metals. When the Civil War began, the Confederacy quickly found it facing a pressing issue – fighting a war is really expensive. Not introduced until 1863, the notes were issued a.
It was issued on Januand has the printed signature of Governor Gill Shorter and was engraved by J.T. The smallest denomination offered in the Confederate States dollar banknote series was the 50-cent note. On the face of the bill is “The State of Alabama will pay to bearer in Confederate States Treasury Notes when presented at the State Treasury in sums twenty dollars and upwards”. Printed lower signature at right and State of Tennessee above scalloped 1. 50 cents 1863 Confederate States of America DAILY CURRENCY AUCTIONS. In an oval in the center is a vignette of a wagon pulling cotton. Shop for-and learn about-Confederate Money. This is another nice item being offered, it is an original Confederate Alabama Twenty-Five Cent note measuring 5 1/8” x 2 5/8”.