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| 背面描述 | The reverse is printed in green and centres on a large ornate text panel within an elaborate guilloche border, carrying the circulating treasury note legend. The numeral 100 appears in large bold figures on both the left and right sides, each set within scalloped guilloche roundels. The overall layout is dominated by intricate lathe-work patterns across the entire field. |
| 背面铭文 | CIRCULATING TREASURY NOTE Fundable in Stocks or Bonds of the Confederate States Four months after Ratification of a Treaty of Peace between the Confederate States and the United States Except Export Duties 100 |
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Pick 55 spans the transition between two distinct manufacturing realities. Early 1862 impressions were produced by Hoyer & Ludwig in Richmond, a lithographic firm pressed into currency work despite having no meaningful security printing background. Later in the series, production shifted to other Confederate contractors as the blockade tightened and quality materials — good rag paper above all — became genuinely difficult to source.
Counterfeiting of Confederate currency was rampant by 1862, much of it originating in the North as a deliberate economic warfare strategy. Some Northern-made fakes were technically superior to the originals, which says something about the procurement constraints under which Confederate printers were working.