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35 Dollars Confederate Loan
| Issuer | Confederate States of America |
|---|---|
| Year | 1865 |
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| Composition | Paper |
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|---|---|
| Obverse lettering | C.S.Loan Febʸ. 20th.. 1865. THE CONFEDERATE STATES OF AMERICA WILL PAY TO BEARER THIRTY-FIVE DOLLARS for Six Months Interest due Jan 1st.. 1866 on Bond Nᵒ____________ for $1000. for Reg.ʳ of Treas.ʸ |
| Reverse description | Blank, unprinted reverse on plain paper stock. |
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| Comments |
The Confederate $35 loan certificate sits at the extreme end of the Confederacy's wartime financing strategy. By 1865, Richmond was funding the war almost entirely through bond issues and internal loans rather than taxation — a policy that accelerated the very inflation it was meant to sidestep. A $35 denomination is unusual; most Confederate instruments gravitated toward round figures, and the odd amount likely reflects a compounding interest structure rather than an arbitrary face value.
With Lee's surrender in April 1865, these instruments became worthless overnight. Unlike some Confederate currency, which retained collector premiums almost immediately, loan certificates attracted far less early interest and many were simply discarded.