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5 Dollars
| Issuer | Confederate States of America |
|---|---|
| Year | 1864 |
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| Value | Log in to see details |
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| In circulation to | 1865 |
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| Obverse description | Central vignette of the Capitol building in Richmond, Virginia, flanked by decorative lettering and denomination numerals. Portrait of Christopher Gustavus Memminger, Confederate Secretary of the Treasury, appears at the lower right. The face carries the obligation text and date in letterpress, with series and serial designations printed in red ink. |
|---|---|
| Obverse lettering | Two years after the ratification of a Treaty of Peace between the Confederate States & the United States The Confederate States of America will pay to Bearer FIVE DOLLARS. Richmond 5 |
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| Comments |
By 1864, the Confederacy's monetary system was collapsing under runaway inflation — a 5 Dollar note issued this year was worth a fraction of its 1861 equivalent, and Richmond knew it. The February 1864 currency reform, which forcibly exchanged old notes at punitive rates, was specifically designed to contract the money supply, but Keatinge & Ball were simultaneously printing new obligations faster than the policy could take hold.
Keatinge & Ball had relocated from Richmond to Columbia after Union pressure on Virginia. When Sherman's forces burned Columbia in February 1865, the firm's plates, stock, and unissued notes were largely destroyed — making late production runs from this series harder to attribute and date precisely.