SOLD
18.00USDto floor+ buyer's premium
This item SOLD at 2020 Jun 08 @ 00:11UTC-04:00 : AST/EDT
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Virginia Richmond 1861 $1 Corporation of Richmond CR-3203 Grades f+. The Confederate States 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. The first series of Confederate paper money, issued in March 1861, bore interest and had a total circulation of $1,000,000.[1] As the war began to tilt against the Confederates, confidence in the currency diminished, and the government inflated the currency by continuing to print the unbacked banknotes. By the end of 1863, the Confederate dollar (or "Greyback", to distinguish it from the then-new "Greenback" paper US dollar, which was likewise put into circulation during the war) was quoted at just six 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.
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:
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