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Confederate dollar
- The Confederate dollar (CSD), introduced in 1861, played a crucial role as the primary currency of the Confederate States of America during the American Civil War. Its issuance was motivated by the urgent need for funds to finance the war effort against the Union.
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The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence.
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.
Jan 31, 2022 · Establishing a unique legal currency was a way to legitimize the fledgling Confederate government. However, unlike in the Northern states, the printing of currency in Southern states was poorly regulated. Every Confederate state, along with many local governments, issued their own currency.
May 3, 2021 · The Confederacy no longer existed, so there was nobody who would exchange its paper money for gold or silver. Today, though, Confederate dollars have value as a collectible item. Just like...
- Robert Gudmestad
- What Was The Confederate Dollar (CSD)?
- Understanding The Confederate Dollar
- Confederate Notes
- The Confederate Dollar’S (Csd’S) Demise
- Confederate Dollar FAQs
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. The Confederate States of America, also known as the Confederacy, used Confederate dollars to help fund the war against the Union. At the time the Civil War broke out, early in 1861...
The Confederate dollar, short for the Confederate States of America dollar, was the currency issued by the Confederate States of America. The notes began to be circulated before the start of the American Civil War and were used to finance the war. It is informally referred to as a "Greyback," named for the grey color of the typical uniform of the C...
The Confederacy had limited numbers of trained printers and lithographers, and most of the printing equipment on the continent was in the northern (Union) states. This lack of printing equipment led the Confederate government to create a hodgepodge of bills with varying degrees of quality. The first four printings of Confederate notes were issued i...
Both Federal and Confederate governments thought the war would be a short effort, with their forces easily defeating the opposition. As the war persisted and Confederate losses mounted, the Confederacy needed more war funds and continued to print currency. As with any money, the continued production of banknotes without backing will create severe i...
How Much Is a $1,000 Confederate Bill Worth?
The $1,000 note was only issued in 1861 and was the highest denomination issued by the Confederate government. Genuine $1,000 notes were printed on high-quality banknote paper with red silk fibers. These notes feature images of John C. Calhoun on the left and Andrew Jackson on the right, and the colors are black and green on white linen paper. The original notes were signed by hand by Alex B. Clitherall, Register, and E.C. Elmore, Treasurer of the Confederate States of America. Only 607 of th...
Are Confederate Dollars Worth Any Money?
When the Confederacy was disbanded as a political entity following the end of the Civil War, the currency lost all existing value as a medium of exchange. Confederate dollars are not accepted as legal tender anywhere. However, for collectors and dealers of obsolete currency, Confederate dollars are valuable as collectible items.
Where Can I Buy a Confederate Dollar?
Certain websites exist, including CSAnotes.com, solely for the purpose of buying and selling Confederate notes from the Civil War era.
The Confederate Dollar (CSD) served as the official currency of the Confederate States of America during the Civil War. Despite its initial acceptance, the CSD’s value rapidly declined, rendering it virtually worthless following the Confederacy’s dissolution.
On March 9, 1861, the CSA authorized a national currency. Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes.
