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5 Dollars State of Alabama
| Issuer | State of Alabama |
|---|---|
| Year | 1864 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Montgomery 1st Jan, 1864 THE STATE OF ALABAMA Scene No. (serial number) Will pay FIVE DOLLARS to the Bearer Redeemable in CONFEDERATE TREASURY NOTES, or in FIVE PER CENT. COUPON BONDS of the State, at the option of the State. (Signature of Comptroller) (Signature of Treasurer) (Translation: N/A, written in English) |
| Reverse description | Reverse is unprinted and plain, with show-through of the obverse design visible due to the thin paper stock. |
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| Comments |
Alabama issued its own state treasury warrants alongside Confederate currency throughout the war, and by 1864 the financial position of both the state and the Confederacy was deteriorating badly. Rampant over-issue had driven inflation to the point where these notes were accepted with increasing reluctance in private trade, whatever their nominal legal-tender status under state law.
W. Keenan & Co. operated in Montgomery under wartime constraints — access to quality engraving materials and skilled labor was limited, and the watermarked paper itself was becoming harder to source as the Union blockade tightened. The watermark here is one of the few meaningful anti-counterfeiting measures the printer could reliably deploy by this stage of the conflict.