CONFEDERATE STATES OF AMERICA CURRENCY NOTE, RICHMOND, 10 DOLLAR, 1863

Description: CONFEDERATE STATES OF AMERICA CURRENCY NOTE, RICHMOND, 10 DOLLAR, 1863 T-59. Proposed State Capitol, Columbia South Caroiina. Robert M.T. Hunter. Keating & ball (Columbia S.C.). 7,420,800 issued. 7" x 3 3/4". The T-59 1863 $10 Confederate note displays at center the proposed state capitol of South Carolina in Columbia. R.M.T Hunter who served as Secretary of State is at lower right. The note is payable six months after the ratification of a treaty of peace between the Confederate States and the United States. These notes were all hand signed and cut by hand by mostly women who were employed by the Confederacy during the war. This note is fully authentic and would make a nice addition to a paper money collection. The note you see is the exact one you will receive. If you have any questions, please let me know. Please see photos for condition. I am over 70 and selling all of my books, pictures and coins. I am not an expert, collector or grader. In good antique condition. Circulated. Cancels: some people like to call cancels damage but it was intentional and part of the notes history. Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation. The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge. Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination. Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.

Price: 70 USD

Location: Susquehanna, Pennsylvania

End Time: 2023-11-02T00:26:24.000Z

Shipping Cost: 10.6 USD