100 Dollars State of Georgia

Georgia's state treasury notes of 1864 were issued under increasingly desperate fiscal conditions as the Confederacy's financial infrastructure collapsed. By mid-1864, Confederate currency had depreciated so severely that individual states began issuing their own obligations to keep local government functioning — Georgia among the most aggressive in doing so.

The Milledgeville printing is significant: the city served as Georgia's capital until Sherman's March forced the government to flee in November 1864, meaning notes printed and signed there in the latter part of the year were issued by an administration already in flight. Many were never redeemed.