10 Dollars State of Mississippi

Mississippi was one of the few Confederate states to issue its own paper currency independently of the Confederate Treasury, and this 1862 note comes from a period when the state government in Jackson was printing aggressively to fund militia and infrastructure costs it couldn't cover through taxation. The state's own issues ran alongside Confederate notes simultaneously, creating a crowded and rapidly depreciating currency pool that left ordinary Mississippians holding multiple layers of increasingly worthless paper by war's end.

Redemption after the war was never a serious prospect. Mississippi's state currency was repudiated wholesale, and no postwar redemption program was established.