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50 Dollars
| Issuer | Confederate States of America |
|---|---|
| Year | 1862 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of President Jefferson Davis at center, with engravers' names appearing above or below the FUNDABLE inscription at left. Printer imprint of Keatinge & Ball appears either for Virginia or South Carolina branch depending on variety. |
|---|---|
| Obverse lettering | FUNDABLE IN CONFEDERATE STATES STOCKS OR TREASURY NOTES |
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| Comments |
The Confederate States issued multiple distinct $50 obligations in 1862, and the Pick 54 series reflects the Richmond government's ongoing struggle to fund a war economy with no meaningful specie backing and a printing infrastructure under constant strain. By mid-1862, public confidence in Confederate currency was already eroding — inflation had taken hold, and the sheer volume of notes being pushed into circulation compounded the problem with each new authorization from the Confederate Congress.
Cotton paper was a practical choice given the Union blockade's effect on regular paper supplies, though quality varied across print runs. Keatinge & Ball of Columbia, South Carolina handled significant portions of this series after engraving work originally executed in the North became inaccessible at the outbreak of hostilities.