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5 Dollars Virginia Treasury Note
| Issuer | Commonwealth of Virginia Treasury |
|---|---|
| Year | 1862 |
| Type | Log in to see details |
| Value | 5 Dollars |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Richmond Mar 13, 1862 VIRGINIA TREASURY NOTE No______ The Commonwealth of Virginia will pay to the bearer on demand FIVE DOLLARS at the Treasury |
| Reverse description | The reverse is blank, without any printed design, text, or ornamentation, consistent with the wartime economy production standards of Virginia Treasury Notes of this series. |
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| Comments |
Virginia issued its own treasury notes throughout the Civil War, operating in parallel with Confederate currency rather than deferring entirely to Richmond's central authority. This 1862 series was authorized under state legislative act as Virginia struggled to finance militia operations and public obligations that Confederate requisitions left underfunded. The Commonwealth treated these obligations seriously — redemption was formally promised in specie or equivalent, a pledge that became increasingly hollow as the war dragged into its middle years.
Keatinge & Ball, who printed much Confederate currency, also handled production for several Virginia state issues during this period, though attribution across the 1862 series varies by denomination. Virginia state notes generally circulated alongside Confederate issues but at a discount determined locally by merchants and banks who had little faith in either.