1861 Confederate States of America 5 Dollar Note - Second Series - Rarer 1861 Richmond VA Confederacy Five Dollar Bill - T-37 / CS-37

This listing is for one 1861 Confederate States of America 5 Dollar Banknote. Issued on September 2nd, 1861, in Richmond, VA, the capital of the Confederacy. Signed and issued. The note promised to bay the bearer within 6 months after the ratification of a treaty of peace between the Confederate States and the United States and was fundable in 8% stock or bonds of the Confederate States. This note was printed using a cheaper printing technique called woodcut, which leaves the note with a cartoonish appearance compared to other lithographed banknotes from the United States which used higher quality printing techniques. This banknote was printed by B. Duncan in Colombia, SC. The obverse side of this note shows a vignette portrait of C. G. Memminger, the secretary of the treasury of the Confederacy during the Civil War, on the left end, a center vignette of a sailor sitting on a pier with bales of cotton, and the goddesses Justice and Ceres together on the right end. Extremely Fine (XF) grade/condition, only minor pinholes and minimal folds or signs of circulation from age! Amazing designs using an interesting printing technique! Excellent rarer piece of history, perfect for any collection! CS-37 / T37.

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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1861 Confederate States of America 5 Dollar Note - Second Series - Rarer 1861 Richmond VA Confederacy Five Dollar Bill - T-37 / CS-37