Start of the sale:
Friday, 23 February 2018 at 04:22
Sunday, 8 September 2019 at 23:25
INTERESTING FACTS ABOUT THE MONEY IN THIS SET
50¢ Georgia 1863 – This note pictures farming as its theme. At the bottom is a small designed representing a state seal.
75¢ North Carolina 1863 – This unusual denomination, issued at the state capital in Raleigh, shows a portrait of the goddess Industry standing beside a beehive.
10¢ Tennessee 1861 – A “paper dime” early in the war. The coin pictured is a Spanish “piece of eight”, which circulated widely in the U.S. from the Colonial era through the 1860's.
30¢ Virginia 1862 – A most unusual denomination, this note first appeared shortly after Richmond became the permanent capital of the Confederacy.
25¢ Alabama 1863 – On the right is a portrait of Juliett Hopkins, called the “Clara Barton of the Confederacy.” A wagonload of cotton is pictured in the center.
15¢ South Carolina 1863 – The drawing is of the “Palmetto tree” state seal.
25¢ Florida 1863 – This “paper coin” was supposed to have the actual signature of Governor John Milton, but it is in fact that of a secretary.
HISTORY OF “PAPER COINS”
In any time of war or emergency, hard Money – gold, silver an deven copper coin – is hoarded. With the Civil War brewing, many Southerners started to hoard coins in early 1861. In order to make change, banks and states issued small denominations of paper currency. These “Paper Coins” ( or “Fractional Currency”) were usually small and irregularly sized. Some of this currency was even more unusual than the coins it replaced.
HISTORY OF CONFEDERATE CURRENCY
After South Carolina seceeded from the Union in 1860, ten other states soon fallowed; these “rebel” states formed the Confederate States of America. The Confederate government issued a small amount of money from the first capital in Montgomery, Alabama in April 1861.
By May 1861, with the Confederate capital permanently established in Richmond, Virgina, the Confederacy started to issue large quantities of money. By the end of 1864, these issues totaled nearly two billion dollars. In addition to this currency, individual Southern states, banks, municipalities, and associations all printed their own money.
The first Confederate currency demonstrated engraving and printing of the highest quality, and many of the notes were beautifully designed. However, the need for speed and the shortage of proper paper stock soon resulted in lowered quality of the currency. The South's impending defeat along with excessive printing of the currency resulted in its rapid depreciation.