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Value Of 1863 Confederate Promissory Note?

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circusmax120's Avatar
United States
319 Posts
 Posted 04/09/2015  11:30 am Show Profile   Bookmark this topic Add circusmax120 to your friends list Get a Link to this Message Number of Subscribers
This is apparently a promissory note issued by the Confederate States of America for the fifty cents, back in 1863. I have seen many examples of Confederate printed currency, but a promissory note? Fascinating piece of American history! I am looking to ascertain it's value...in United States currency...in 2015.

Value-Of-1863-Confederate-Promissory-Note?
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Pertinax's Avatar
United Kingdom
2135 Posts
 Posted 04/09/2015  5:47 pm  Show Profile   Bookmark this reply Add Pertinax to your friends list Get a Link to this Reply
Many Confederate notes promised payment on conclusion of the war or ratified peace.

This note is listed in 14th ed World Paper Money 1368-1960 (p 370) as no 56.
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thryan9's Avatar
United States
220 Posts
 Posted 04/09/2015  9:24 pm  Show Profile   Bookmark this reply Add thryan9 to your friends list Get a Link to this Reply

That's a nice note. I'm pretty sure all of the confederate currency issued were promissory notes. They state on them, as does yours, that six months after the ratification of a treaty, the note will be paid out.

Yours looks to be in pretty good shape, and value is all about condition if its not a very rare note. A quick look showed prices for comparable notes between $35 and $95. There are a lot of them out there for sale, so I don't know what you may actually get. It is a very cool piece of American history!
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Jimjumper's Avatar
United States
331 Posts
 Posted 04/10/2015  5:06 pm  Show Profile   Bookmark this reply Add Jimjumper to your friends list Get a Link to this Reply
According to Slabaugh's book "Confederate States Paper Money" the note is a T-59. There is also a similar note, the T-65 dated Feb. 17, 1864. There were 1,831,517 printed and values run from $10 in good to $50 in uncirculated (Those values may be a little dated). Of note, the T-59 and the T-65 are the only pieces of Confederate currency with printed signatures.
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circusmax120's Avatar
United States
319 Posts
 Posted 04/14/2015  11:25 am  Show Profile   Bookmark this reply Add circusmax120 to your friends list Get a Link to this Reply
Thank you all for the great information. Having access to such knowledgeable people is a blessing. This Community is the best!
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