$20 Confederate Note question
coincol87
Posts: 7 ✭
Since no longer used as US tender what are they worth? Is it a wise keep, or not?
0
coincol87
Posts: 7 ✭
Comments
20 ——————— 20
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20 (FACSIMILE) —- 20
Look carefully next to that lower left “20”
It's a copy. Worth maybe 25 cents. A real one would have value.
That is small. 😯
It is a copy but even if it wasn’t, it was never US tender. I doubt the north would have accepted it as payment for much…
This note is a replica as has already been stated. These replicas came in sets of several denominations and were popular souvenirs during the Civil War centennial era of the 1960's. The originals were never legal tender in the USA since they were issued by the CSA which was a foreign country at that time. It's interesting to note that when the CSA first issued paper money, their notes were valued slightly higher than the USA paper money in the world marketplace but soon depreciated as they printed more and more paper money. Sounds familiar?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
The 1864 issue Confederate note is among the most common issues. By this time inflation was destroying the Confederate economy, and the government was issuing currency at a fevered pace. Still, the notes were hand signed and numbered.
Surprise! My wife started my desk top.
Here is a genuine example.
By this time the Confederacy was running out of Ink. Some notes are darker red (more valuable) while others are pale, like this one. The variation in color is due to the addition of water to the ink, or a lack of doing that.
Confederate notes have become quite popular in recent years. Retail prices for this range from about $10 for a well used impaired one to $235 for a New one. The records were getting ragged by this time, but at least 4,150,000 of these notes were issued.
Here is a $500 note with the full red color. This note is quite common, but it's very popular because of the Stonewall Jackson portrait. It was also the first $500 note the Confederacy issued since 1861. It does not have a back because the Union captured the ship that was carrying the plates.
And here is a "pink" $500 note.
This sounds all too familiar. Hopefully we can learn from the lessons of history before it's too late.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@PerryHall.... While history can be a valuable teacher, I have found from years of observation, that people are not attentive students. Cheers, RickO
I have one of the 4,150,000 and also a $100 that my Dad found inside an old book. I've had them over 50 years.
Very nice, do you own the full red?
Ounce by ounce the stack grows .
Wonder why this wasn't posted in the Currency Forum? Needs all the help it can get.
@SonnyD, yes I own the red one. I have another that is raw.
@tipnring, the piece your father found is an interest bearing note. It has one stamp that indicates that a person who held it received an interest payment. These notes were sometimes issued by Confederate Army officers who exchanged them for goods needed for the military. Those notes are worth a premium. Here is an example.
Yes it does!
The most reliable price guide for CSA & Obsolete notes is by Don C Kelly. My copy cost me $90. I also have his book on NBN. I don’t believe anyone can match his knowledge and experience in these areas.
The CSA 1864 T67 $20 (latest copy of his book) is worth anywhere from $28 in raw VG 10 to $275 in TPG graded 65 per the edition I have published in 2018. While the T67 is a common issue these sell out rapidly from my online store or table at shows whether circ or UNC.
His book lists 3 varieties for the 1864 $500 / T64,T64A, and T64B the most expensive. A graded 65 gem cu T64B would be around $4000 based on his book. Interestingly enough the $100 Lucy Pickens T65 is on the same page. All on my list of must have. For all I know prices may have gone up considerably since his book.
As far as values of fakes don’t do them, never had one, refer to posters above.