1 Dollar State of Louisiana

By 1864, Louisiana's Confederate state treasury was operating almost entirely from Shreveport — New Orleans had fallen to Union forces in April 1862 and never came back. South-Western Print was one of the few functioning commercial presses remaining in Confederate Louisiana, and the limitations of wartime supply show: the paper stock used across this series is notoriously inconsistent, ranging from reasonable rag paper to coarse substitutes that have not aged well.

Genuine circulation examples from this period often show heavy handling damage. The Confederacy's paper money was inflating catastrophically by late 1864, and small-denomination state issues like this one were passed hand to hand far more aggressively than higher-value notes.