A Brief History of Confederate Currency
Currency from the Confederate States of America remains a historically interesting currency. Denominations of Confederate money included $.50, $1, $5, $10, $20, $50, $100, $500 and $1,000, printed between 1861 and 1864. A “total of 70 different types were issued into circulation.” (CSA Notes) Even though Confederate notes were widely circulated and held legal tender status in the South, they had little value because of the lack of Gold and Silver reserves. With these notes only holding value in the South between 1861-1864, Confederate currency is a highly collectible item today. The Confederacy did not want the words “United States of America” printed on their notes. Instead, Confederate money had symbols of CSA officials, cotton bales, ships and other symbols of the South.
Confederate money was not backed by any national or private bank because of the investment risk. “Anyone who had invested in the Confederate government with notes, bonds, or stocks, lost the value of what they had invested.” (CSA Notes)
The North's Role with Confederate Money
The War Between the States became even more contentious when supporters of the North would counterfeit Confederate currency in an effort to further inflate currency values in the South. “These factors led to one of the greatest inflationary periods in America, particularly in the South. By the war's end, Confederate notes were worthless, and many people bartered or used black market Union issues as a medium of exchange.” (Federal Reserve Bank of San Francisco)
In a brief four-year period, the North's attempt to counterfeit Confederate money worked insofar as crippling a crucial and valuable line for finance in the South.
Where Confederate Currency is Available
You can buy Confederate currency at trusted online retailers like APMEX. They are trusted for several reasons:
- Offering competitive pricing with no hidden fees.
- Ranking #42 out of 500 top Internet retailers.
- Quality-assured products shipped in a timely fashion.
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