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20 Dollars
| Issuer | Confederate States of America |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
| Value | 20 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Central vignette of Liberty seated with shield on a cotton bale; portrait of M.T. Hunter in oval medallion at lower left; denomination counters at upper left and lower right. Note carries an 1862 date though the design is associated with the 1861 issue series. |
|---|---|
| Obverse lettering | CONFEDERATE STATES OF AMERICA / TWENTY DOLLARS |
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| Comments |
The Confederate Treasury issued multiple $20 types throughout 1862, and Pick 48 falls within the Richmond-issued series printed by Hoyer & Ludwig or Keatinge & Ball depending on the specific variant — attribution matters here because output quality and paper stock differ noticeably between the two contractors. The Confederacy's printing infrastructure was perpetually strained, relying on a patchwork of Southern lithographers who lacked the intaglio equipment standard in Northern currency production.
Counterfeiting was a serious problem by mid-1862, not only from Northern operations flooding Southern commerce with fake Confederate paper, but from domestic forgers who found the lithographic originals relatively easy to replicate. Congress authorized successive new designs partly to outpace the fakes already in circulation.