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20 Dollars

Issuer Confederate States of America
Year 1862
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Value 20 Dollars
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Obverse description Central vignette of the Tennessee State Capitol in Nashville occupies the upper portion of the face, rendered in fine intaglio engraving. An oval portrait of Confederate Vice President Alexander H. Stephens appears at lower right, with the denomination expressed in word form at left and in Roman numerals at upper right, all framed within an ornate letterpress border.
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Reverse description Unadorned reverse printed in blue ink, with the denomination rendered in large Roman numerals (XX) at center, flanked by Arabic numeral 20 at both left and right, set within a simple typeset border.
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Comments

The Confederate government never established a single central printer — note production was fragmented across multiple private firms operating under contract, many struggling with ink shortages, paper supply disruptions, and engraving limitations imposed by the Union blockade. By 1862, the cumulative volume of Confederate emissions was already stoking serious inflation; this particular series contributed to a money supply that would increase roughly tenfold before the war ended.

Lithographed rather than engraved, which placed it a technical grade below contemporaneous Union issues. The paper quality varied considerably across print runs, and known examples show significant variation in ink density.

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