Ads
related to: old confederate paper money
Search results
Results From The WOW.Com Content Network
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.
Greenbacks were emergency paper currency issued by the United States during the American Civil War that were printed in green on the back. [1] They were in two forms: Demand Notes, issued in 1861–1862, [1] and United States Notes, issued in 1862–1865. [2]
The Act of March 9, 1861 passed by the Congress of the Confederate States authorized the issue of $1,000,000 in Confederate banknotes, followed by an additional $1,000,000 in August, 1861. Seven series of banknotes were authorized for $678,000,000, but just over $1.5 billion was actually issued.
Just like coin collectors, paper bill collectors also know that these can be extremely valuable. And if you have old Confederate bills stashed away, their value could surprise you -- and it might ...
The financing of war expenditures by the means of currency issues (printing money) was by far the major avenue resorted to by the Confederate government. Between 1862 and 1865, more than 60% of total revenue was created in this way. [ 4 ]
Media in category "Confederate States of America currency" This category contains only the following file. NC 1861 5 cent rear.jpg 777 × 436; 164 KB