When You Least Expect It - Page 2 - Coin Community Forum

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Author	Replies: 22 / Views: 3,672	Page: of 2

Ricardo Hinds New Member United States 49 Posts	Posted 05/22/2017 3:18 pm Quote: The government announces (usually with a LOT of warning) that a certain coin, or dollar bill is no longer legal tender as of a certain date. This has never happened in the United States (not counting the Confederate States). Oh, but in Mexico, Argentina, Brazil and many other countries, this is almost a "common" occurrence. Interesting. What did the Confederates do, demonetize the current currency to transition to a new one? Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 05/23/2017 4:06 pm They surrendered, and the country ceased to exist, which demonitized all their currency. Report this Post to the Staff
Ricardo Hinds New Member United States 49 Posts	Posted 05/23/2017 5:58 pm Quote: They surrendered, and the country ceased to exist, which demonitized all their currency. Ahhhh I see. That makes sense now. Report this Post to the Staff
Parklane64 Rest in Peace United States 2668 Posts	Posted 05/23/2017 10:36 pm That is why Confederate money is worth more now than 'real' dollars. Report this Post to the Staff
Ricardo Hinds New Member United States 49 Posts	Posted 05/24/2017 11:01 am Quote: That is why Confederate money is worth more now than 'real' dollars. I was just looking up the values and its a fascinating little twist of history. Making the money worthless then made others a good bit of money nowadays. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 05/24/2017 11:43 am Yes but it is a matter of timing. Back when I first got interested in numismatics in the 1960's confederate currency was still worth less than its face value. The larger denominations much less. You could buy decent Confederate 10's 20's and 50's for two or three dollars apiece. !00's might cost you $10. And it had taken 100 years to get them to come up to that value. Now they are much higher. Report this Post to the Staff
andyg Pillar of the Community United Kingdom 1324 Posts	Posted 05/24/2017 2:05 pm 2017 pound coins are out in the wild... Report this Post to the Staff
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