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20 Dollars
| Issuer | Confederate States of America |
|---|---|
| Year | 1863 |
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| Composition | Paper |
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| Obverse description | Central vignette of the Tennessee State Capitol building, flanked by denomination numeral at left and Roman numeral in the upper right corner. Portrait of Vice President Alexander H. Stephens appears at the lower right. A vertical red overprint records the month and year of issue, with the full obligation text letterpress-printed across the face. |
|---|---|
| Obverse lettering | Fundable in Stocks or Bonds of the Confederate States. Two Years after the Ratification of a Treaty of Peace between The Confederate States & the United States of America, The CONFEDERATE STATES OF AMERICA Will pay TWENTY DOLLARS to the bearer on demand. Richmond. April 6ᵗʰ 1863. |
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| Comments |
The Confederate Treasury produced this note amid catastrophic fiscal pressure — by 1863, inflation in the South had already made earlier issues worth a fraction of their face value. Richmond's own printers were working under blockade conditions, with degraded ink supplies and increasingly inconsistent paper stock sourced from whatever mills remained accessible. The Treasury Department's attempt to consolidate printing under local control, rather than continue relying on Northern or European firms, is visible in the uneven quality across surviving examples of this series.
P#61 is one of several denominations from the February 17, 1864 Act that authorized yet another currency reset — notes like this one were being issued even as Congress was debating the terms of their own replacement.