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In late April 1861, four Confederate half dollars were struck on a hand press by employees of the New Orleans Mint. Because of the high relief of the coin die , a test striking was made to determine if coins would release from the Confederate die.
Civil War tokens are token coins that were privately minted and distributed in the United States between 1861 and 1864. They were used mainly in the Northeast and Midwest. The widespread use of the tokens was a result of the scarcity of government-issued cents during the Civil War.
Confederate half dollar coin. The Confederate government also tried to raise revenue through unorthodox means. In the first half of 1861, when the support for secession and the military effort was running strong, the donation of coins and gold to the government accounted for about 35% of all sources of government funds.
In May 1861, North Carolina seceded from the Union. The Confederacy seized the Charlotte Mint along with those at New Orleans and Dahlonega. [1] The Confederate government continued coining operations until October when it became clear it was a futile effort.
Pages in category "Confederate States of America currency" The following 2 pages are in this category, out of 2 total. ... NC 1861 5 cent rear.jpg 777 × 436; 164 KB
They were in two forms: Demand Notes, issued in 1861–1862, [1] and United States Notes, issued in 1862–1865. [2] A form of fiat money, the notes were legal tender for most purposes and carried varying promises of eventual payment in coin but were not backed by existing gold or silver reserves. [3]
The '5 cent bill from 1861 was among the smallest denomination bills printed during the confederacy of North Carolina. It was also one of the smallest physical bills, measuring approximately 3" by 1 5/8". [citation needed]. By 1863 barter was replacing currency and a tenpenny nail was used in place of this note. [1]
Confederate gold refers to hidden caches of gold lost after the American Civil War. Millions of dollars worth of gold was lost or unaccounted for after the war, and its possible location has been a source of speculation for many historians and treasure hunters.