If You Own Any of These 7 Confederate Bills, They Could Be Worth Upwards of $35K
People enjoy collecting rare items and some are willing to pay a premium for them. When it comes to coins and bills, few people think about preserving them and keeping them in mint condition. They are viewed as mediums of exchange for products and services. However, any old Confederate bills have plenty of value since they are historical artifacts.
Granted, some Confederate bills are more expensive than others. The rarity, condition and year issued play a role. Some collectors pay tens of thousands of dollars for a single Confederate bill.
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Confederate bills have similar denominations as the modern U.S. dollar. They are available in $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. There are also 10-cent and 50-cent bills. Many of these bills feature Southern figures who were instrumental in the Confederacy or who were popular among the secessionists.
These are some of the Confederate bills up for sale and how much you can receive if you happen to have one of these bills in your stash.
1. 1861 T-3 $100 Bill (Graded PMG 63)
Value: At least $35,000, according to Numismatic News.
This bill is often called the “Montgomery” note and is one of the first official currencies issued by the Confederate States of America. Most of the currency was destroyed after the war, making remaining bills extremely rare.
2. 1861 $1,000 National Bank Note Company Bill
Value: Sold for $28,800 (estimated between $25,000 and $35,000), according to Stack’s Bowers Galleries.
Many people view this note as the first bill issued by the Confederacy. The National Bank Note Company printed these notes in New York City before the conflict began. It’s another “Montgomery” issue and less than 1,000 of these notes were ever printed.
3. 1862 $100 Richmond, Virginia Treasury Note
Value: Sold for $1,140 (estimated between $1,000 and $1,500), according to Stack’s Bowers Galleries.
These bills were used to finance the war and proposed redemption six months after the ratification of a treaty of peace. Virginia Governor John Letcher was often featured on these notes, which ended up being worthless. However, the rarity of these notes has brought new value to them, although not in the way that the Confederacy had hoped.
4. Rare Red and Black Note Issued by Southern Bank Note Company
Value: Sold for $2,000, according to Live Auctioneers.
These notes were more sophisticated than the Confederacy’s initial currencies since there were anti-counterfeiting efforts built into these notes. Since they were red and black, it was more difficult for counterfeiters to duplicate them with single-color lithographs.
5. 1861 UNC Confederate $10 Bills
Value: Lot of 24 sold for $2,100, according to Live Auctioneers.
These bills were only redeemable if the Confederacy won the war. They featured individuals, trains or enslaved laborers on the note. UNC stands for uncirculated, which means this $10 bill has no wear, zero folds and perfect paper.
6. 1864 $2 Confederate Paper Currency
Value: $149, according to Govmint.
This is the final series of currencies issued by the Confederacy. A portrait of Confederate Secretary of State Judah Benjamin is featured on the bill.
7. $100 Train Note Confederate Money
Value: $139, according to The Gettysburg Museum of History.
The note dates back to 1862, and features a train and an enslaved person working in the fields. Bills like these fueled hyperinflation and became worthless after the war.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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