Paper money has been issued by governments, or want-to-be governments in this case, for hundreds of years, and these interesting survivors of the Confederate States of America serve as confirmation that paper money is an illusion of value which eventually fades – some quickly, and some over a longer term – but make no mistake, all paper money eventually fades into a memory.
“The trifling economy of paper, as a cheaper medium, or its convenience for transmission, weighs nothing in opposition to the advantages of the precious metals… it is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.” –Thomas Jefferson 1813
Issued at the onset of the Civil War in 1861, the Confederate states attempted to solve their vast financial problems by issuing their own paper money – not unlike the Federal Reserve does today each time we have financial problems in our modern-day economy. Confederate notes held little monetary value due to a lack of gold and silver reserves in the Confederacy as well as their setbacks on the battlefield. Though not official legal tender, southerners traded these notes as a medium of exchange up until the bitter end, at which time they became worthless.
From 1861 to 1864, Confederate notes were printed in denominations of $.50, $1, $2, $5, $10, $20, $50, $100, $500 and $1000. The notes offered here are all of the $10 denomination and all are certified by Paper Money Guaranty (PMG) which is affiliated with Numismatic Guaranty Corporation. The grades and prices available are;
There have been a significant number of appearances of these 1864 $10 (T-68 variety) notes with frayed edges and discoloration, and countless low-quality, uncertified examples sell for fifty dollars, sixty dollars, seventy dollars and much more. The notes offered here are exceptional quality notes that were assembled over a period of time by a noted paper money collector, and it is obvious that extreme care was taken with every purchase. After I negotiated the purchase of these historical notes, I carefully culled the best of the best and sent them to PMG for grading, certification and encapsulation. Simply put, for the money . . . these are good as it gets.
Today, Confederate notes are valuable collectibles and an important part of United States history. They make a perfect addition to any coin or currency collection. Every note is guaranteed to meet or exceed your expectations or your money will be fully refunded. Call your Monaco account representative today and buy as many of these as you can . . . they will not last.