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^β Some Modern United States commemorative coins are minted in this denomination. ^γ The United States government claims that it never officially released the 1933 double eagle. Examples of the coin were minted in that year, but were never released to circulation following Executive Order 6102.
Before the Civil War, the United States used gold and silver coins as its official currency. Paper currency in the form of banknotes was issued by privately owned banks, the notes being redeemable for specie at the bank's office. Such notes had value only if the bank could be counted on to redeem them; if a bank failed, its notes became worthless.
By the war's end, a cake of soap could sell for as much as $50, and an ordinary suit of clothes was $2,700. [7] Near the end of the war, the currency became practically worthless as a medium of exchange. This was because, for the most part, Confederate currency was bills of credit, as in the Revolutionary War, not secured or backed by any assets.
Civil War-era coins made big headlines over the summer when a Kentucky man unearthed hundreds of lost gold coins and became about $2 million richer because of it. His discovery, made in a ...
Gary and Brad find a nail, a belt buckle, and a Confederate coin while in the basement, the GPR indicates the possibility of a tunnel. They remove the bricks and dig down, finding wood about 3 ft (1 m) down. Eventually they locate a coin in the hole about 4 ft (1 m) down.
Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low- denomination banknotes of the United States dollar were in use between August 21, 1862, and February 15, 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five ...
The Great Kentucky Hoard is a hoard of more than 700 gold coins unearthed in an undisclosed part of Kentucky, United States, in the 2020s by a man on his own land. The finder of the hoard has remained anonymous. There were a total of more than 800 Civil War–era coins, of which over 700 were gold coins.
A series of western adventure novels written by Paul Wheelahan (using the pseudonym E. Jefferson Clay) featured two brawling Civil War veterans searching for stolen Confederate gold. In the 1936 novel Gone with the Wind, Rhett Butler is rumored to have stolen the Confederate gold.