The following image file numbers correspond to the reference book "Criswell's Currency Series Vol. C7 Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. This is a very interesting post! Wars cost a lot of money so the new country, called the Confederate States of America, printed money as a way to pay its bills. Later currency delayed the promised payout until two years after a peace treaty.
The bills were decorated with a variety of images , including depictions of mythological gods or goddesses, like the goddess of liberty. Some of the bills depicted enslaved Americans working in the fields, or featured pictures of cotton or trains. When the South started losing the war, the value of Confederate money dropped.
In addition, prices for food, clothing and other necessities rose because many items were scarce during the war.
Graybacks became almost worthless. When the Confederate army surrendered in April , graybacks lost any remaining value they might have had. However, surviving bills and coins have substantial significance to collectors of Confederate and Civil War memorabilia and collectors of out-of-date currencies. These notes feature images of John C. Calhoun on the left and Andrew Jackson on the right, and the colors are black and green on white linen paper. The original notes were signed by hand by Alex B.
Clitherall, Register, and E. Elmore, Treasurer of the Confederate States of America. Only of these notes were printed, making them very rare.
According to Coinsite. When the Confederacy was disbanded as a political entity following the end of the Civil War, the currency lost all existing value as a medium of exchange. Confederate dollars are not accepted as legal tender anywhere.
However, for collectors and dealers of obsolete currency, Confederate dollars are valuable as collectible items. Certain websites exist, including CSAnotes.
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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. What Was the Confederate Dollar? Understanding the CSD. Confederate Notes. Confederate Dollar FAQs. The Confederate dollar was a promissory note of credit that promised the bearer compensation six months after the end of the war. Article Sources. Investopedia requires writers to use primary sources to support their work.
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