What Is the Value of Confederate Money?
All genuine Confederate currency has value to collectors, depending on its rarity and condition, and, in 2014, ranges in value from under $100 to tens of thousands, according to CSA Notes. Because modern reproductions are extremely common, all Confederate notes must be authenticated. Counterfeit notes made during the Confederacy, however, have value from $10 to $100, depending on their origins, explains Heritage Auctions.
The Confederacy issued paper currency beginning in 1861 and ending in 1864, in denominations from 50 cents to $1,000. The notes from the earlier years are more valuable and more rare than the notes from later years. Each note was hand-signed and numbered, so authentication frequently involves verifying the serial numbers and ink used to sign the notes. Old Currency Values cautions buyers that 97 percent of all Confederate money in circulation is fake, whether it’s a reproduction, such as notes used as prizes in cereal boxes during the 1950s or sold at historical sites, or counterfeit.
During the war, counterfeiting became a serious problem for the South, explains CSA Notes. As the war progressed, people stopped trusting the currency’s value as inflation and counterfeits deliberately dumped into circulation by the North undermined it. Southerners even destroyed their notes, believing them to be worthless. By the end of the war, Southerners used barter and trade, or even Northern currencies, rather than trusting the value of Confederate money.