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| Issuer | State of Georgia Treasury |
|---|---|
| Year | 1864 |
| Type | Standard circulation banknote |
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| Obverse description | Central vignette shows a seated female figure amid agricultural and industrial implements, with a classical structure in the background, engraved in intaglio. The state title arcs across the top in bold letterpress, flanked by large numeral "5" counters on each side. Redemption text in cursive script occupies the lower portion, with two manuscript signatures at foot. |
|---|---|
| Obverse lettering | MILLEDGEVILLE, APRIL 6TH, 1864 THE STATE OF GEORGIA Will pay the bearer Five Dollars at her Treasury. No. 19340 On the 25th day of December next, in Confederate Treasury Notes issued after the 1st of April 1864, if presented within three months after maturity; otherwise not redeemable except in payment of Public Dues. FIVE DOLLARS |
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| Comments |
Georgia's treasury notes of 1864 were issued against a backdrop of collapsing Confederate purchasing power and a state government increasingly unable to fund basic operations. By mid-1864, inflation had rendered most small-denomination paper nearly worthless in practice, and notes like this one circulated — when they circulated at all — at steep discounts even against Confederate currency.
The Howell imprint is notable. Most Southern states had long since lost access to Northern and European printers, forcing reliance on local engravers working with limited equipment. The result was often uneven plate work, and Georgia issues from this period are known for inconsistent ink coverage and variable impression depth.