Coins, Currency, and Medals

$100,000 U.S. Gold Certificate

The museum possesses one of the largest and most diverse numismatic collections in the world. Its diverse holdings represent every inhabited continent and span more than three millennia. The collection includes coins, paper money, medals, tokens, commodity and alternative currencies, coin dies, printing plates, scales and weights, financial documents and apparatuses, credit cards, and objects that reflect established and emerging digital monetary technologies worldwide.

Date: 1860s

10 Dollars

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1863
ID Number
1998.0063.0414
accession number
1998.0063
catalog number
1998.0063.0414

Alexander III and Maria Marriage Medalette, Jeton, Russia

Commemorating the marriage of Alexander III and Maria Feodorovna this medalette was minted in Russia in 1866. Alexander III ruled Russia from 1881-1894 and was affectionately known as The Peacemaker as Russia refused to engage in any wars during his reign.Obverse inscription: В.
Description
Commemorating the marriage of Alexander III and Maria Feodorovna this medalette was minted in Russia in 1866. Alexander III ruled Russia from 1881-1894 and was affectionately known as The Peacemaker as Russia refused to engage in any wars during his reign.
Obverse inscription: В. К. АЛЕКСАНДРЪ АЛЕКСАНДРОВИЧЪ В. К. МАРIА ТЕОДОРОВНА ("Grand Duke Alexander Alexandrovich Grand Duchess Maria Feodorovna").
Reverse inscription: ВЪ ПАМЯТЬ БРАКО СОЧЕТ АНIУ ИХЪ ИМПЕРАТОРСКИХЪ ВЪ IСОЧЕСТВЪ 28 ОКТЯБРЯ 1866Г ("Commemorating marriage - the joining of their imperial honors celebrated 28 October, 1866").
Location
Currently not on view
date made
ca 1866
ID Number
NU.68.263.1279
catalog number
68.263.1279
accession number
281689

5 Dollars, Confederate States of America, 1863

Currently not on view
Location
Currently not on view
Date made
Apr. 6, 1863
date made
1863
ID Number
1998.0063.0115
serial number
56231
accession number
1998.0063
catalog number
1998.0063.0115

20 Dollars, United States, 1860

One (1) 20 dollar coinUnited States, 1860Obverse Image: Liberty wearing a coronet and facing left. 13 stars around.Obverse Text: LIBERTY / 1860Reverse Image: Heraldic eagle with wings outstretched clutching arrows and branch in talons, shield over chest.
Description (Brief)
One (1) 20 dollar coin
United States, 1860
Obverse Image: Liberty wearing a coronet and facing left. 13 stars around.
Obverse Text: LIBERTY / 1860
Reverse Image: Heraldic eagle with wings outstretched clutching arrows and branch in talons, shield over chest. Scrolls on either side of eagle, ring of 13 stars above eagle's head, rays above stars.
Reverse Text: UNITED STATES OF AMERICA / TWENTY D. / E PLURIBUS UNUM
Location
Currently not on view
Date made
1860
maker
United States Mint
designer
Longacre, James Barton
ID Number
NU.68.159.0964
accession number
283645
catalog number
68.159.0964

Great Seal of the Confederacy

Physical DescriptionMedal with an equestrian portrait of George Washington, surrounded by a wreath composed of the principal agricultural products of the Confederacy including cotton, tobacco, sugar cane, wheat, and rice.
Description
Physical Description
Medal with an equestrian portrait of George Washington, surrounded by a wreath composed of the principal agricultural products of the Confederacy including cotton, tobacco, sugar cane, wheat, and rice. Embossed around the edge, "The Confederate States of America: 22 February, 1862" and the motto Deo Vindice, or "God will vindicate." The medal rests in a wooden box covered in leather and lined in maroon velvet and green simulated watered silk.
General History
The date on the Confederate Seal commemorates the inauguration of Jefferson Davis as president of the Confederate States, and the establishment of the permanent government of the Confederate States of America in Richmond, Virginia. When the seal was completed, it was delivered to James Mason, a confidential agent of the Confederacy in England. He selected Lieutenant R. T. Chapman of the Confederate navy to bring it to America. In order to avoid the naval blockade, Lt. Chapman was forced to take a long and circuitous route. He went from England to Halifax, Nova Scotia, then to the island of Bermuda, and finally to Wilmington, North Carolina. When the Confederate government evacuated Richmond in April of 1865, Mrs. William J. Bromwell, the wife of an official of the Confederate State Department, smuggled the seal from the doomed city. Together with an important part of the Confederate archives, the seal was hidden from federal forces in a barn near Richmond. It eventually made its way into the Museum of the Confederacy in Richmond, where it can be seen today.
ID Number
1979.0425.102
accession number
1979.0425
catalog number
1979.0425.102

10 Dollars

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1863
ID Number
1998.0063.0459
accession number
1998.0063
catalog number
1998.0063.0459

10 Dollars, Confederate States of America, 1864

Currently not on view
Location
Currently not on view
Date made
Feb. 17, 1864
date made
1864
ID Number
1998.0063.0146
serial number
11656
accession number
1998.0063
catalog number
1998.0063.0146

5 Dollars, Confederate States of America, 1862

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1862
ID Number
1998.0063.0688
accession number
1998.0063
catalog number
1998.0063.0688

10 Dollars, Confederate States of America, 1863

One (1) ten dollar Confederate States of America paper currency. Richmond, Virginia;"Lithod. by Evans & Cogswell", "Engraved by Keatinge & Ball, Columbia, S.C.";Front Center Image: State Capitol at Columbia, S.C.;Front Right Image: R.M.T. Hunter;Plate Letter "H", CSA Serial "No.
Description
One (1) ten dollar Confederate States of America paper currency. Richmond, Virginia;
"Lithod. by Evans & Cogswell", "Engraved by Keatinge & Ball, Columbia, S.C.";
Front Center Image: State Capitol at Columbia, S.C.;
Front Right Image: R.M.T. Hunter;
Plate Letter "H", CSA Serial "No. 32083", "January 1864" in red;
Back Image: Ten "X"s inside medallions in an x-formation;
Back Text: "Ten Dollars" on banner Above and Below "X"s;
Punch Canceled.
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1861
1863
ID Number
1998.0063.0165
accession number
1998.0063
catalog number
1998.0063.0165

5 Dollars, Confederate States of America, 1863

Currently not on view
Location
Currently not on view
Date made
Apr. 6, 1863
date made
1863
ID Number
1998.0063.0093
serial number
24606
accession number
1998.0063
catalog number
1998.0063.0093

10 Dollars, Confederate States of America, 1861

Currently not on view
Location
Currently not on view
Date made
Sept. 2, 1861
date made
1861
maker
J. T. Paterson & Co.
ID Number
1998.0063.0144
serial number
96679
accession number
1998.0063
catalog number
1998.0063.0144

5 Dollars, Confederate States of America, 1861

Currently not on view
Location
Currently not on view
Date made
Sept 2, 1861
date made
1861
ID Number
1998.0063.0050
serial number
38924
accession number
1998.0063
catalog number
1998.0063.0050

5 Dollars, Confederate States of America, 1862

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1862
ID Number
1998.0063.0539
accession number
1998.0063
catalog number
1998.0063.0539

10 Dollars

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1863
ID Number
1998.0063.0491
accession number
1998.0063
catalog number
1998.0063.0491

5 Dollars, Confederate States of America, 1862

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1862
ID Number
1998.0063.0555
accession number
1998.0063
catalog number
1998.0063.0555

5 Dollars, Confederate States of America, 1861

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1861
ID Number
1998.0063.0601
accession number
1998.0063
catalog number
1998.0063.0601

5 Dollars, Confederate States of America, 1862

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1862
ID Number
1998.0063.0590
accession number
1998.0063
catalog number
1998.0063.0590

5 Dollars, Confederate States of America, 1861

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1861
ID Number
1998.0063.0625
accession number
1998.0063
catalog number
1998.0063.0625

5 Dollars, Confederate States of America, 1863

Currently not on view
Location
Currently not on view
Date made
Apr. 6, 1863
date made
1863
ID Number
1998.0063.0130
serial number
14030
accession number
1998.0063
catalog number
1998.0063.0130

5 dollars

Currently not on view
Location
Currently not on view
date made
1862
ID Number
2008.0108.0014
serial number
3499
accession number
2008.0108

5 Dollars, Confederate States of America, 1862

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1862
ID Number
1998.0063.0547
accession number
1998.0063
catalog number
1998.0063.0547

10 Dollars

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1863
ID Number
1998.0063.0495
accession number
1998.0063
catalog number
1998.0063.0495

5 Dollars, Confederate States of America, 1862

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1862
ID Number
1998.0063.0663
catalog number
1998.0063.0663
accession number
1998.0063

5 Dollars, Confederate States of America, 1862

Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA).
Description
Between the winter of 1860 and the spring of 1861, eleven Southern states broke away from the United States to form a new country, the Confederate States of America (CSA). As a fledgling nation, the Confederacy faced two obstacles: to create a sense of national unity and to arm its troops to wage a modern war. Money connected both issues—it would celebrate the new nation and finance the war. On March 9, 1861, the CSA authorized a national currency.
Between 1861 and 1865, the new government issued Confederate currency on eight separate occasions. Each issuance pumped millions of dollars into circulation. Counterfeiters added to the deluge with freshly made fakes. The result was a staggering amount of paper money and massive inflation. The CSA responded to the problem by recalling, cancelling, and burning old notes to remove them from circulation. The first official recall on February 17th, 1864, came after two years of less harsh—but unsuccessful—efforts to reduce the volume of currency in circulation.
The problem of what to do with all of the recalled money fell to the Confederate Treasury Department, which enlisted the help of banks and depositories. Historian and numismatist Douglas Ball identified three primary strategies used to cancel currency. Machine-powered circular punches were preferred by the Treasury, while banks canceled currency by striking it with bank hammers, which left two x-shaped slices on the note. Depositories also used bank hammers, but sometimes opted to cut the notes with scissors, leaving two small triangles along the bottom edge.
Once cancelled, all notes were sent to the Confederate Treasury in Richmond, Virginia, to be burned. Some notes escaped destruction. At war’s end, the Union Army confiscated the notes along with Confederate government records to investigate a possible connection between the Confederacy and President Abraham Lincoln’s assassination.
Today, researchers examine Confederate Currency seeking clues about the economic, social, and technological underpinnings of the South during the Civil War. Smithsonian curator and historian Richard Doty has discovered physical evidence of some of the extraordinary measures people undertook to keep their money in circulation. Stitches, postage stamps, pieces of newsprint, and even fragments of love letters were used to reinforce torn notes.
The careful repair of Confederate currency was done for reasons that had nothing to do with simple economics. Money has always been seen as an emblem of sovereignty. So if people simply allowed their money to disintegrate –and some must have been tempted in that direction, as the value of their money had shrunk almost to the vanishing point by the final months of the war– what did that say about their belief in the Cause?
Location
Currently not on view
date made
1862
ID Number
1998.0063.0541
accession number
1998.0063
catalog number
1998.0063.0541

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