During the turbulent years of the American Civil War (1861–1865), the Confederate States of America issued their own paper money to fund the war effort. Fast forward over 160 years, and some of these bills—originally printed in desperation—have become incredibly valuable to collectors, with a few fetching as much as $35,000 at auction.
While most Confederate currency holds modest value today, rare specimens in exceptional condition have emerged as prized artifacts of American history. If you have old Confederate money tucked away in an attic or inherited from a relative, it might be time to take a closer look—especially if you own one of these seven notable bills.
1. 1861 T-3 $100 Montgomery Note – Valued Over $35,000
This rare $100 note, officially known as the T-3 issue, is among the earliest issued by the Confederate States. What makes it particularly valuable is its historical context—these notes were printed in New York City but secretly shipped south after tensions escalated.
A specimen graded PMG 63 fetched more than $35,000 at auction, making it one of the most valuable Confederate notes ever sold. These notes are known for their detailed vignettes and the signature of C.G. Memminger, the Confederate Secretary of the Treasury.
2. 1861 $1,000 National Bank Note Company Issue – Worth $25,000 to $35,000
Only 607 of these high-denomination notes were ever issued. Featuring portraits of U.S. figures John C. Calhoun and Andrew Jackson, this note reflects a complex political era where Confederate states still drew on American iconography.
At a recent auction, one of these notes sold for $21,600, though its estimated value was as high as $35,000.
3. 1861 $50 Montgomery Note – Estimated Value: $10,000+
Similar in origin to the T-3 $100 note, the $50 Montgomery note is another early Confederate issue printed in New York. With just over 1,600 notes originally printed, this bill remains a coveted piece among currency collectors, especially when found in mint or near-mint condition.
4. 1862 $100 Richmond Note – Valued at $1,000 to $1,500
This note features a portrait of Virginia Governor John Letcher and was issued from Richmond, the Confederate capital. Despite being more common, one such note still sold for $1,140, showing how historical and aesthetic appeal can elevate even mid-range Confederate currency.
5. 1864 $500 Note with Stonewall Jackson Portrait – Valued at $1,000 to $3,000
Issued late in the war, this $500 bill features a portrait of Confederate General Stonewall Jackson. It’s often collected for its powerful symbolism and historical significance, especially as Jackson had died by the time the note was issued.
6. 1864 $1,000 Confederate Bond Note – Valued at $2,500+
Though technically a bond rather than a circulating note, these instruments were used to raise money for the Confederate government. Some surviving examples come with intact coupons and ornate engravings, adding to their collectible value.
7. 1863 $5 “Pink Paper” Note – Rare Printing Variant
Some Confederate bills were printed on pink or blue paper due to wartime shortages. These variants are significantly rarer than their standard counterparts. A pink-paper $5 note from 1863 is valued anywhere between $500 and $1,500, depending on condition.
Why Are These Notes So Valuable?
The value of Confederate currency hinges on several factors:
- Rarity: Limited runs or printing errors can significantly raise the value.
- Condition: Notes that are crisp, clean, and professionally graded command higher prices.
- Historical Significance: Early war notes and those featuring notable figures are more desirable.
Most Confederate bills are not legal tender today and have no face value, but their historical and numismatic value is recognized by collectors and auction houses globally. Anyone who believes they may own a rare note is advised to get it professionally appraised by a recognized grading authority such as PMG (Paper Money Guaranty) or PCGS Currency.
How to Sell or Appraise Confederate Currency
If you suspect you have one of these valuable notes, consider the following steps:
- Don’t attempt to clean or restore it. This can reduce value.
- Get it graded by a trusted agency like PMG.
- Consult with a reputable dealer or auction house specializing in rare currency.
You can find appraisers through the American Numismatic Association (ANA) or at national coin shows and auctions.
This article has been carefully fact-checked by our editorial team to ensure accuracy and eliminate any misleading information. We are committed to maintaining the highest standards of integrity in our content.
