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Message:: [QUOTE="johnmilton, post: 4564178, member: 101855"]T-53, $5 Note [ATTACH=full]1130104[/ATTACH] [ATTACH=full]1130105[/ATTACH] T-54, $2 Note, one sided [ATTACH=full]1130106[/ATTACH] T-55, $1 Note, one sided [ATTACH=full]1130107[/ATTACH] 1863 and 1864       For final two years, Keatinge & Ball would take the lead in producing Confederate currency. They would produce all of the notes from $5 bill to $100 note in 1863 and would add the $500 note in 1864. Keatinge & Ball engraved the plates for the $1 and $2 notes for Hoyer & Ludwig which would continue to print those notes in Richmond. Archer & Daly produced 50 cent notes in Richmond in 1863 and continued production of that denomination in 1864 under the name of Archer & Halpin. By then, inflation was so bad that the 50 cent notes were worth almost nothing.       Although counterfeiting would continue to be a major concern, the even greater threat was inflation. The scarcity of almost every product and service during the last two years of the Confederacy and the almost constant increase in the money supply (amount of money in circulation), eroded the value of the Confederate dollar. At the beginning of the war in 1861, the Confederate dollar traded at 95 cents on the dollar in terms of gold. Two years later it had dipped to lass than 20 cents. When Lee surrendered at Appomattox Court House, it was down to 2 cents on the dollar. The last reported trade value was 0.1 of a cent to the dollar.        In recent years Confederate notes have become a popular collectors’ items. Prices for the rarest and most popular notes have reached 5 figures. That is certainly a radical change from the perception years ago that all Confederate currency was worthless![/QUOTE]

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