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Confederate President Jefferson Davis asked private citizens to restore the value of the Confederate dollar by mutually agreeing to sell and buy items only at reduced prices. [4] In October 1863, Confederate States Senator Louis Wigfall of Texas said that a Confederate soldier received $11 per month in pay, which was worth the same as $1 had ...
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]
The grouping includes the one- and two-year notes authorized by the Act of March 3, 1863, which bore interest at five percent per annum, were a legal tender at face value, and were issued in denominations of $10, $20, $50, $100, $500 and $1000. [1]
And if you have old Confederate bills stashed away, their value could surprise you -- and it might be... Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290 ...
Have you ever found a $20 bill and wondered, "Is my bill's serial number worth anything?" To find the value, you'll need to do a little bit of research. Read on to learn more about serial numbers ...
Despite the July 1862 legislation, postage stamps remained a form of currency until postage currency gained momentum in the spring of 1863. [20] In 1863, Secretary Chase asked for a new fractional currency that was harder to counterfeit than the postage currency. The new fractional currency notes were different from the 1862 postage currency ...
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 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.