This listing is for one 1863 Confederate States of America 50 Dollar paper banknote, as pictured. This is the first issue of this designed note, differing from the later pink color issues. Center portrait of Confederate President Jefferson Davis on the obverse of this note. Red stamped serial number and the issue month and year on the right end obverse. This note was "cancelled", as seen by the "X" perforations on each side of the portrait. The cancellation holes are still intact, which is a rarer find for these kinds of notes! Very cool note with an incredibly interesting history! Must have for any collection! CS-57 / T-57.
Confederate Treasury Notes (banknotes) were issued in 50¢, $1, $2, $5, $10, $20, $50, $100, $500 and $1,000 denominations with a variety of designs, issuers and redeemable obligations. The amount of currency issued under the various acts of the Confederate Congress totaled $1.7 billion. Bills were released in 72 different note "types" in seven "series" from 1861 through 1864.
Since there were many types of Confederate notes as well as notes issued by the states of the Confederacy, and since banks could issue their own notes, counterfeiting was a major problem for the Confederacy. Many of these contemporary counterfeits are identifiable today and they can be as valuable to a collector as a real note.
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1863 Confederate States of America 50 Dollar Note - First Issue, Green- Civil War Era - April 1863 Confederate Fifty Dollar Note- T-57/CS-57