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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.
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]
The Confederate States of America (CSA), commonly referred to as the Confederate States (C.S.), the Confederacy, or the South, was an unrecognized breakaway [1] republic in the Southern United States that existed from February 8, 1861, to May 5, 1865. [8]
If you can find it in a fairly solid condition, this $100 is worth around $120 to $150 in today’s dollars. Choice graded examples could be worth north of $300, per eBay sold listings as of Sept. 17.
A Demand Note is a type of United States paper money that was issued from August 1861 to April 1862 during the American Civil War in denominations of 5, 10, and 20 US$. Demand Notes were the first issue of paper money by the United States that achieved wide circulation.
The bill was passed into law on February 14, 1861 effecting such transfer of employment. On March 9, 1861 the Provisional Congress authorized the printing of Confederate currency, in the form of paper treasury notes, amounting up to a total of $1 million (CSA). [3]
However, while that is the largest bill currently being... Many might answer that the largest bill is the $100. How Much Would You Spend on a Rare $10,000 Bill?
However, the realities of the prolonged war, the necessity of paying interest on existing debt, and the drop in revenues from other sources, forced both the central Confederate government and the individual states to agree by the middle of 1861 to an imposition of a "War Tax." Passed on August 15, 1861, the law covered property of more than ...