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The Confederate dollar, often called a "Greyback", was first issued into circulation in April 1861, when the Confederacy was only two months old, and on the eve of the outbreak of the Civil War. At first, Confederate currency was accepted throughout the South as a medium of exchange with high purchasing power.
Kentucky was a southern border state of key importance in the American Civil War. It officially declared its neutrality at the beginning of the war, but after a failed attempt by Confederate General Leonidas Polk to take the state of Kentucky for the Confederacy, the legislature petitioned the Union Army for assistance.
Jun 27, 2022 · The Confederate dollar (CSD), issued in 1861, was the legal tender used by the eleven states that comprised the Confederate States of America during the U.S. Civil War.
Apr 19, 2024 · As the war dragged on, the Confederates continued printing currency to fund the war effort. This overprinting combined with the rising prices of goods, caused extreme inflation. A few months before the end of the Civil War, one Confederate dollar was equal to three cents in U.S. currency.
Aug 22, 2023 · Among the Kentucky man's discovery were a number of $20 Liberty coins without the "In God We Trust" inscription — put on the currency in 1866 — adding to their value and rarity. Several coins in the hoard were also manufactured at the now-defunct New Orleans Mint, which operated from 1838 to 1861 and again from 1879 through 1909.
Civil War Currency. Confederate States of America, 10 dollars, 1864 ; Recto. During the early days of the Civil War, the U.S. Treasury issued ‘Demand Notes’ in denominations of fives, tens, and twenties.
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The Whigs were strongly nationalist; they favored a national bank, with uniform currency, strongly supporting the Bank of the United States. Thus Kentucky wasn’t strongly Democrat. In the 1828 Presidential election, Andrew Jackson carried the state, but not until 1856 did a Democratic Presidential candidate again carry Kentucky.
