976
North Carolina 1863 $1 Note, NCCR-133 Confederate Civil War State Currency GRaded vf20 By PMG
Currency:USD
Category:Coins & Paper Money
Start Price:20.00 USD
Estimated At:75.00 - 150.00 USD
SOLD
70.00USDto floor+ buyer's premium
This item SOLD at 2021 Dec 08 @ 22:40UTC-05:00 : EST/CDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
North Carolina 1863 $1 Note, NCCR-133 Confederate Civil War State Currency GRaded vf20 By PMG. To pay for the war, the Confederate government issued a vast array of paper currencies -- at least seventy different types of currency, totaling more than 1.5 billion dollars, an incredible sum at that time. Making things even more confusing, state governments issued their own currencies -- as did banks, insurance companies, and businesses. None of this paper money could be redeemed, or traded for, gold or silver -- as was common in the early nineteenth century. The Confederate government had no gold or silver to make coins. Instead, Confederate paper money was like a loan -- a promissory note or promise to pay at a later time. At the start of the war, when southerners expected to win the war, they were willing to trust that their paper dollars would continue to hold value. But as the South started to slide towards defeat, they lost faith in not only their chances of victory but their money as well. Hand Signed, Hand Numbered.
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
Online ONLY.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
Additional Fees:
Shipping Details:
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