1864 $5 Five Dollar Bill Confederate States Civil War Currency Note
- Lot number 310298
- Total views 8
- Total bids 16
- Winning bid $31.91
- Buyer's premium $4.79
- Total $36.70
- DAILY NO RESERVE
Please see the scans below for details on the condition of the bill.
The Confederate States of America dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence.
As the war began to tilt against the Confederates, confidence in the currency diminished, and inflation followed. By the end of 1863, the Confederate dollar (or "Greyback") was quoted at just 6 cents in gold, and fell further still.
The Greyback is now a prized collector's item, in its many versions, including those issued by individual states and local banks. The various engravings of leading Confederates, gods and goddesses and scenes of slave-life, on these hastily printed banknotes, sometimes cut with scissors and signed by clerks, continue to stimulate debate among antique dealers, with even some of the counterfeit notes commanding high prices.
Due to the uniqueness of each item, please refer to the photos provided in this auction. We offer high resolution images of each item rather than a written description of condition.
This item is being shipped from the Pristine Auction warehouse.