Some interesting 1862 Confederate Notes

I have been slowly building a type set of Confederate notes. I will never finish it because the first four notes that the Confederate Government issued when it was in Montgomery, Alabama are very expensive and there are a couple of other types for which I will not be willing to the freight. Still there are lots of interesting pieces that are not that pricey. Overall there are 70 types of Confederate notes.

The $100 notes that are assigned numbers T-39 to 41 are quite interesting. They were interest bearing notes that paid those who held them 2 cents a day. The interest was paid once a year, and the notes were stamped on the back each year when it was paid.

Here is an example of T-39. First the front.



And the back with the interest paid stamps.



Some of these notes were issued by Confederate Army officers in pay for goods they needed to supply their forces. These notes were issued to people, such as farmers, who were required to accept the offer. They wrote their name on the reverse with the date issued, which was used to determine in the interest payment.

Here is an example of T-41 with a Confederate office's signature on the reverse that was issued on March 2, 1863. These notes were usually in the lower grades of preservation because they were stored in the officer's saddle bags or treated roughly by the people who received them.



I only have four of these notes within this group, but I've seen some additional interesting ones in dealers' inventories. I have even seen a counterfeit note that had fake interest paid stamps on the back!

 

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Two cents a day - That would be 7.3% per annum, wouldn't it?

Chris

 

Yep.

 

CDA notes are extremely interesting. I have a small number of them with some of them being error notes, containing a signature and a few rare ones. I love them and the history behind them.

 

Was CDA a typo ?

I refer to them as CSA notes.

 

Yup, it's my fat fingers on these small keys. Happens a lot.

 

Right there with you John, love to go complete but there are a few that I think are just going to always be too much bread for me to get. That said, I've got a few of the rarer notes (T7, T17, T32) so that is nice to have some of the obtainable but still not easy gets...

 

I gave a "Lucy Pickens" 100 to the Mrs.
The Mrs. had had PC reservations about it.
I submitted that it was a "war trophy".
She seemed content.