Issued on February 17, 1864, from Richmond, Virginia, this note represents one of the later and most common series of Confederate currency, reflecting the Confederacy’s efforts to finance the war amidst increasing economic challenges and inflation.
Unlike modern currency backed by hard assets, Confederate notes like this one were essentially promissory notes, promising repayment after a successful end to the war and reflecting the Confederacy’s reliance on credit during the conflict.
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