20 Dollars

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.