1861 Confederate States of America 5 Dollar Note - Rare Early Issue - Sept. 2nd 1861 Richmond VA Confederacy Five Dollar Bill - T-34 / CS-34
1861 Confederate States of America 5 Dollar Note - Rare Early Issue - Sept. 2nd 1861 Richmond VA Confederacy Five Dollar Bill - T-34 / CS-34
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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. This is an earlier first issue of five-dollar notes issued on this date, featuring a slightly different design than the second series. 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. 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, at the center, and the allegorical figure of Minerva stood next to a pillar featuring a shield with the note's denomination on the right end. Very Fine (VF) grade/condition, some visible folds and other signs of circulation, two half circle cancellation holes punched on the bottom of the note showing its contemporary usage. Amazing designs and in great condition for a note of this rarity and age! Excellent rarer piece of history, perfect for any collection! CS-34 / T34.
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 - Rare Early Issue - Sept. 2nd 1861 Richmond VA Confederacy Five Dollar Bill - T-34 / CS-34

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