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500 Dollars

Issuer Confederate States of America
Year 1861
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Value 500 Dollars
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Obverse description Green and black bicolour note with a central vignette of a steam passenger train crossing a viaduct, cattle grazing below. Plate letter A appears on the face; interest-bearing obligation with handwritten endorsements. Only 607 examples were issued.
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Reverse description Plain cream-coloured reverse with no printed design, bearing handwritten manuscript notations in ink at the right side, consistent with period endorsement or interest calculation inscriptions.
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Comments

One of the genuine ironies of Confederate currency is that this note — issued by a government at war with the Union — was printed in New York by the National Bank Note Company before hostilities made that arrangement impossible. The contract was placed in early 1861, during the brief window when commercial relationships between North and South still functioned, and the notes were delivered south before the situation closed entirely.

At $500 face value, this was the highest denomination in the first Confederate issue. Relatively few were produced compared to lower values, and the disruption of the printing relationship meant the series was never continued on the same terms.

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