Description: A stunning Confederate Note that has the look of a far better specimen than noted by PMG. Sure to please the connoseur of confederate issues. PMG 62 and v ery choice for the grade! A simply magnificent CSA currency issue in near gem uncirculated. Very hard to come by in this lofty grade! Confederate currency refers to the paper money issued by the Confederate States of America (CSA) during the American Civil War (1861-1865). When the Southern states seceded from the Union and formed the Confederacy, they needed a currency system to finance their war effort and conduct daily economic transactions. Confederate currency served as the primary medium of exchange in the Confederate states during the Civil War.Here are some key points about Confederate currency:Design and Denominations: Confederate currency notes were typically printed with intricate designs, often featuring images of prominent figures, such as Confederate President Jefferson Davis or historical scenes. The notes were issued in various denominations, including $1, $5, $10, $20, $50, $100, $500, and even $1000. Production and Materials: Confederate currency was printed by various printing companies contracted by the Confederate government. Due to resource shortages, particularly in paper and ink, Confederate notes were often printed on low-quality paper and with inferior ink, leading to issues with durability and counterfeiting. Inflation: The Confederate government faced significant challenges in managing its economy, including rampant inflation. As the war progressed and the Confederate economy deteriorated, the value of Confederate currency depreciated rapidly. Prices soared, and the purchasing power of Confederate money declined dramatically. Legal Tender: Confederate currency was declared legal tender by the Confederate government, meaning it was accepted as payment for goods and services within the Confederate states. However, as confidence in the Confederate government waned and inflation skyrocketed, many merchants and individuals began to refuse Confederate money or demanded payment in other forms, such as gold or silver. Post-War Worthlessness: After the Civil War ended with the defeat of the Confederacy in 1865, Confederate currency became worthless. The Confederate government collapsed, and the United States government did not honor Confederate money. Many Confederate notes were either destroyed or became collector's items.Today, Confederate currency is a fascinating and sought-after collectible item, valued for its historical significance and unique designs. It serves as a reminder of the economic challenges faced by the Confederacy during the Civil War and the broader impact of the conflict on American society.
Price: 595 USD
Location: Palm Beach Gardens, Florida
End Time: 2024-11-09T17:53:21.000Z
Shipping Cost: 0 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
Denomination: $100
Circulated/Uncirculated: Uncirculated
Type: Confederate Currency
Grade: 62
Country/Region of Manufacture: United States
Certification: PMG
