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Confederate Banknotes

A total of seventy-two different varieties of Confederate banknotes were issued by the Confederate States of America between 1861 and 1864 ranging in denomination from Fifty Cents to One Thousand Dollars. They are cataloged and collected by Type numbers, from Type 1 for the $1,000 note issued in Montgomery, Alabama, and printed by the National Bank Note Company with a total issue of 671 notes, to the Type 72 Fifty Cent note issued in 1864 in Richmond, Virginia, printed by Archer & Daly of which 1,132,200 were issued. Generally speaking, the earlier notes are more valuable than the later notes. All Confederate notes bear the legend “Confederate States of America.” Confederate issues should not be confused with Obsolete Banknotes, that were issued by practically anyone or any entity, or Southern States Banknotes that were issued by the different states. It is interesting to note that all Confederate notes were actually interest bearing promisory notes taht at the beginning of the Civil War were issued bearing the inscription "Six Months after The ratification of a Treaty of peace between the Confederate States of America and the United States of America will pay xxxx Dollars to the Bearer." The note would also state the rate of interest to be paid and as the war progressed, the term of the note and the interest rate would vary with new issues.

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