Shortly after seceded from the Union and just months before the start of the Civil War, the new Confederate States of America began to issue currency in the Confederate States dollar denomination. The money was never back by hard assets and only worth the promise printed on the note to pay the bearer after the end of the war. When the United States refused to recognize the debts and currencies of the South, the notes were rendered useless. However, today the notes command collectible interest among monetary enthusiasts. Now, 1864 $500 Confederate States of America Notes are available to you for purchase online at Silver.com.
Note Highlights:
- Notes ship to you in protective currency sleeves!
- Issued in the final series of Confederate dollar bills!
- Produced and issued through Keatinge & Ball!
- Largest denomination in most series releases!
- Issued a value of $500 by the Confederacy.
- The obverse features the seal of the Confederate states and a portrait of Stonewall Jackson.
- On the reverse is a blank element with the obverse designs showing through.
- Please note that Very Fine notes have an acceptable range that includes slight variations in the visual wear of the notes.
All Confederate States dollars were issued with a promise to pay the bearer of a given note after the conclusion of the war. In many cases, there was printed text on the notes indicating the timeline and circumstances for repayment of the notes. This was often set as two years after the ratification of a peace treaty between the United States and the Confederate States. With the Confederacy’s loss in the war, banks and individuals backing the notes lost huge sums of money.
Many of the Confederate States dollars issued during the course of the war were hastily printed and released. Most notes showcase uneven lines because when a batch of notes was printed, the individual notes were cut from the printed sheet by hand with scissors. It was also common to find handwritten serial numbers signed by the clerks that cut the sheets.
The obverse side of 1864 $500 Confederate States of America Notes features the seal of the Confederate States of America on the left, complete with the Confederate battle flag, and a portrait of Lieutenant General Stonewall Jackson on the right. You will notice handwritten signatures from a Register and a Treasurer representing Keatinge & Ball, the issuer of the notes in 1864.
The largest denominations issued by the Confederacy came with the First Series authorized by the Act of March 9, 1861. This release authorized $1 million notes released in denominations that initially included $50, $100, $500, and $1,000. The Act was amended in August 1861 to include an additional $1 million in notes with additional $50 and $100 denominations. These 1864 notes are from the seventh and final series. Authorized by the Act of February 17, 1864, $200 million in notes were produced. The $500 note was the largest denomination.
1864 $500 Confederate States of America Notes come in plastic currency sleeves. Each note is in Very Fine condition. Acceptable flaws at this grade range from light wear and tear, light soiling, and no more than 10 fold lines to moderate wear, mild soiling, and the presence of numerous fold lines.
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