Catalog
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| Issuer | Confederate States of America |
|---|---|
| Year | 1862 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of J.P. Benjamin at upper left, with a central vignette of a female personification of the South striking down the Union with a sword. Issued across the First through Third Series under the Confederate Treasury Act of 1862. |
|---|---|
| Obverse lettering | TWO DOLLARS / CONFEDERATE STATES OF AMERICA |
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| Comments |
B. Duncan of Columbia, South Carolina, was one of several Southern printers pressed into Confederate currency production after Northern suppliers became inaccessible. Duncan's output for 1862 is generally distinguishable from Richmond-printed Confederate notes by subtler engraving quality — the plates were locally produced under considerable resource constraints, without access to the specialized steel-engraving infrastructure that pre-war American banknote firms had developed over decades.
The $2 denomination was always an oddity in Confederate finance. It saw limited public favor and was issued in relatively small quantities compared to the $5, $10, and $100 notes that dominated wartime circulation. Inflation rendered the entire 1862 series increasingly nominal within months of issue.