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2 Dollars

Issuer Confederate States of America
Year 1863
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Shape Rectangular
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Reverse description Plain reverse on heavily aged cotton paper, showing no printed design elements; the surface bears fold lines and general wear consistent with circulated examples of the 1863 Confederate issue.
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Variants P#58a - FIRST or SECOND SERIES. Printer: Keatinge & Ball (Columbia, S.C.)
P#58b - Without series, also SECOND SERIES. Printer: Emory & Crisp (litho) and Keatinge & Ball (Columbia, S.C.).
Comments

By 1863, the Confederate Treasury was printing in volume to fund a war it was losing economically as much as militarily. Keatinge & Ball had relocated from Richmond to Columbia, South Carolina, partly to escape Union pressure on the capital, and became the primary supplier of Confederate currency in the war's later years. The firm worked under chronic shortages — of skilled engravers, quality ink, and consistent paper stock — and the results show in the variable impression quality across surviving examples of this type.

Cotton-fiber paper was a Confederate workaround for the blockade-strangled supply of wood-pulp stock from Northern mills. Inflation had already made the $2 denomination nearly useless in daily commerce by the time most of these were issued.

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