Confederate Currency

Discussion in 'What's it Worth' started by NathanD, Mar 21, 2019.

  1. NathanD

    NathanD Collector and Coin Nerd

    Does anyone know approxamite what these are worth. I'm thinking like $15 for the 20 and $20 for the 10.
     

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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I don’t know enough to be dangerous with confederate currency. I like the notes because they are part of my family heritage and I own notes like yours that have been passed down. I have been told they are among the more common confederate notes. I believe your prices are in line. I would be a buyer at those prices.
     
  4. NathanD

    NathanD Collector and Coin Nerd

     
  5. l.cutler

    l.cutler Member

    You are probably in the ball park. Better condition common notes sell in the $30 to $40 dollar range.
     
  6. NathanD

    NathanD Collector and Coin Nerd

    Yeah. The 20 isn't in the best condition but the 10 is decent
     
  7. johnmilton

    johnmilton Well-Known Member

    The 1864 five and ten dollar confederate notes are the most common pieces in the series. By the end of the war, the Confederacy was desperate which led them to pump out large quantities of paper money. Even the 1864 $500 note is not that rare. It's just popular with collectors, probably because of the Stonewall Jackson portrait that appears on it. Overall the Confederacy issued 70 different types of notes during its existence. Forty-six of those designs were issued in 1861 and 1862.

    Here are a couple of “New” (Uncirculated notes) to show how the higher grade pieces look.

    T-69 F 1864 $5.jpg T-69 R 1864 $5.jpg

    T-68 F 1864 $10.jpg T-68 R 1864 $10.jpg

    And here is the 1864 $500 note. It has only one side because the plates for the reverses of all 1864 Confederate notes were intercepted by the Union blockade. The engravers made backs for the $5, $10, $20, $50 and $100 notes, but for didn't make one for the $500 for reasons that I have yet to learn.

    T-64 1864 Red $500.jpg
     
    Last edited: Mar 24, 2019
  8. NathanD

    NathanD Collector and Coin Nerd

    Thanks for the background info. It's really kind of dumb that they tried to just print an excess of bills, which lead to inflation.
     
  9. Burton Strauss III

    Burton Strauss III Supporter! Supporter

    That was the least dumb thing they did. If they won the war, they could tax the bleep out of the north to pay it back. If they lost the war, the money is useless and gone anyway. Meanwhile, inflation or not, they could feed the troops and buy bullets.
     
  10. NathanD

    NathanD Collector and Coin Nerd

    Oh, I see now. Yeah i suppose that was a good move. If the Union lost, the northern economy would crash with it
     
  11. johnmilton

    johnmilton Well-Known Member

    When you country or cause is going down the tubes, governemnts are ready to do just about anything. The Continental Congress did the same thing with the Continental Currency during the American Revolutionary War. The value of the money went virtually to zero. That's where the phrase, "Not worth a Contrinental" got started.

    The fortunate thing for the United States was we had an army, led by George Washington, that had the guts to stick it out PLUS the French who were looking to stick it to the British.
     
    Last edited: Mar 24, 2019
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  12. l.cutler

    l.cutler Member

    The South was fighting for independence from the North. If they won they could not have taxed another country.
     
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