After the Civil War broke out in 1861, the newly established Confederate
government began to issue its own money as legal tender to the
citizens of the South. The 1st note from the Government
of the Confederate States of America was issued in April of 1861.
Notes were issued for the next three years, ending in 1864. A total of 70 different types were issued into circulation.
Almost every Confederate note was painstakingly hand signed and numbered. These notes were printed on large sheets and then cut apart by hand. It is not uncommon
for these notes to have uneven margins, as getting these notes into circulation was more important than making sure each note had an accurate cut.
Counterfeiting became a major problem
for the South. The North played a big role in this action by printing
counterfeit notes and distributing them in the South causing massive
inflation.
When the Civil War was over, the Southern infrastructure was in disarray. The Southern banks had no money to loan, and the price of cotton fell drastically. Confederate notes had no value at all. The US never recognized the Confederate States of America as a legitimate government, so the money, stocks, and bonds that were printed by the Confederacy had no value, and could not be transferred into US funds. Anyone who had invested in the Confederate government, with notes, bonds, or stocks, lost the value of what they had invested.
Today, the value of these notes is
far from worthless. Their prices range from under one hundred dollars
for the most common and heavily printed series, to the tens of thousands
for the rarest. Most of the heavily printed issues are still readily available
to some extent, while the rarer issues are tightly held by collectors, and don't surface that often. One thing is certain though, quality Confederate notes have shown to steadily increase in value over the years, and make a good investment.
As collectors and dealers of Confederate and Obsolete currency,
we view these notes as a glimpse into a fascinating part of our nation's
history. Our desire to collect began when we realized the great opportunity
to own currency that was once used by soldiers and civilians alike
during that tragic war.
Take a look through our site to find
many examples of Confederate and States notes available for purchase. Whether
you are an experienced collector, or just looking to obtain your
first piece of paper money history, we are sure you will find something
of interest. Right now is a great time to acquire your first note, or add more notes to your collection. Thanks for visiting. |