Heritage Auctions resources to lookup the value of your coin(s). The value of collectible currency depends on the rarity and condition of the bill. By the end of 1863, the Confederate dollar (or "Greyback", to distinguish it from the then-new "Greenback" paper US dollar, which was likewise put into circulation during the war) was quoted at just six cents in gold, and fell further still. 1862 $1 Arkansas Treasury Warrant, Little Rock, AR This attractive The dollar had an average inflation rate of 2.13% per year between 1862 and today, producing a cumulative price increase of 2,888.48%. The $2 bill has been in circulation since 1862, with six different types created over the years, according to the Department of Treasury. You may choose how your order is shipped during the checkout process. Been selling old money to these guys for 5 years would recommend. $45,750 The first year the Federal Reserve Bank of United States printed $1 bills was in 1862. Peterson) in New Orleans who was unfamiliar with techniques required to engrave coining dies. The first six notes issued were hand signed by the Register and Treasurer themselves. This was because, for the most part, Confederate currency was bills of credit, as in the Revolutionary War, not secured or backed by any assets. The price a seller receives or a buyer pays, could be substantially more or less than the prices listed. Louis Hoyer and Charles Ludwig, in operation 186164. Need to Know. Consult the list and see details below. The currency now holds particular value, but only in certain cases. The first, and arguably most important factor, issupply and demand. The Davis letter is the only known reference to a gold specimen, which was likely a special presentation piece made for Davis. When you will receive your order depends primarily on three factors. 1862. 1862 Confederate Currency Most confederate bills have handwritten signatures, dates, and serial numbers. Here's what you should know if you want to see how much your bill is worth. This table and charts use the earliest available data for each category. Compare these numbers to the US's overall absolute change of $28.88 and total percent change of 2,888.48%. 00, Kealinge & Ball, Columbia, Sc, Series 3 2 photo Csa, $1. Dollar Silver Certificates 1923, 1899, 1917 and 1907, Replica $1,000 Bank of the United States. Leggett was forced out after being accused of spying for the Union, and the company became Keatinge & Ball. [4] In October 1863, Confederate States Senator Louis Wigfall of Texas said that a Confederate soldier received $11 per month in pay, which was worth the same as $1 had been worth at the beginning of the war. Do not hesitate to trust Old Money Prices. 1863 $100 Compound Interest Treasury Note. If the package is delivered, you must notify us within 24 hours. A second issue of 1862-63 added $5, $10, $20, $50 and $100 notes. Conditionis a key factor when determining the value of a Legal Tender bank note. A dollar today only buys 3.346% of what it could buy back then. Special thanks to QuickChart for their chart image API, which is used for chart downloads. Maryland $8 Apr 10, 1774 # 14020. In the last section of the checkout page, 4 Shipping Method, you will see the available shipping options for your order. That $2 bill you've likely had stored for years unsure of how to use it may be more valuable than you think. Call Us. Do you have rare and valuable paper money? The only two exceptions were in Mississippi, where in 1862 a series of notes were issued with the backing of cotton stored by the state's planters and in Florida, where notes were backed, in theory, by public lands. This is a precaution to prevent orders from being fraudulently intercepted. The United States one-dollar bill (US$1), sometimes referred to as a single, has been the lowest value denomination of United States paper currency since the discontinuation of U.S. fractional currency notes in 1876. 1864. Before 1928, all dollar bills were about 35% bigger. When products are shipped via the United States Postal Service, we can ship to a P.O. Newer 2-dollar bills, such as those from the 1990s, tend to be worth close to their face . Gold Certificates are bills issued between 1863 and 1933 in denominations ranging from $10 to $10,000. Confederate States dollar banknotes were issued with a wide range of design elements, with certain denominations even coming with several different designs for the same face value. One has a brown seal, and the other has a red one. (Northwest corner of W. Airport Freeway [HWY-183] & Valley View Lane). It will be identified and evaluated. Most $2 bills in circulation are worth exactly that: $2 . 70-G95. Click on the picture or description below to learn more about your exact note. Coins. Consignment Director & Senior Numismatist, Learn About Selling & Valuing Your Collection. Some counterfeits exist. Please visit this page for USA Paper Money Reference. By spring of 1863, the greenback declined further, to 152 against 100 dollars in gold. Most will be worth $50 but we've paid over $150 for pristine notes. You may use the following MLA citation for this page: Value of 1862 dollars today | Inflation Calculator. Official Inflation Data, Alioth Finance, 12 Apr. Considering the time period these were printed for and the type of technology readily available, its impressive the quality the government was able to put together for such a beautiful banknote. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. 2023 Heritage Auctions | All Rights Reserved. After the Confederacy's defeat, its money had no value, and both individuals and banks lost large sums. To get the total inflation rate for the 161 years between 1862 and 2023, we use the following formula: Plugging in the values to this equation, we get: Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. $1 1862 Year United States Large Size Notes for sale | eBay Obverse Image: Portrait of Salmon P. Chase. However, these are private businesses not owned by UPS, USPS, etc. For comparison, in the UK 1.00 in 1862 would be equivalent to 155.56 in 2023, an absolute change of 154.56 and a cumulative change of 15,456.47%. The current inflation rate page gives more detail on the latest inflation rates. If you have a pre-1913 2-dollar bill in uncirculated condition, it is worth at least $500. On the right side of the note is a standing woman in flowing robes (Columbia). We wrote a whole in-depth guide about fancy serial numbers you can check out here, but without going into too much detail many collectors enjoyrare serial numbers. You will be able to tell which series $100 note you receive by observing the place of issue and date on the note. Scott bought 500 1861 United States half dollars from a New York bank that were supposedly struck at the New Orleans Mint. The CSA turned to local lithographer Hoyer & Ludwig to print the next series of notes. When we receive your payment (checks and wires must be initiated/sent by you). Ian Webster is an engineer and data expert based in San Mateo, California. At first, Confederate currency was accepted throughout the South as a medium of exchange with high purchasing power. Weve paid a few hundred dollars for a poor condition example 1862 or 1863 banknote when in the past weve paid quite literally thousands of dollars for the same banknote in pristine condition. Your use of this site indicates full acceptance of these terms. Because of the high relief of the coin die, a test striking was made to determine if coins would release from the Confederate die. Williston, Vermont. Buy: $137.00. Each Legal Tender issued banknote and variety was printed for a finite amount of time and quantity before production was halted. Type. 1862 $2 Legal Tender Value - How much is 1862 $2 Bill Worth? If you do not contact us by these timeframes, insurance will not cover the package. 1863 $1 Bill Value How Much Is 1863 Deep River National Bank of Deep River Connecticut $1 Worth? 1917 $2 Legal Tender Value How much is 1917 $2 Bill Worth? Please read this section of the Terms and Conditions carefully. How much is a 1862 two dollar bill worth? Do not treat this page as a reference guide, it is for appraisal and acquisition purposes only. Currency of the Confederate States of America. The value of these banknotes depends on multiple factors but mainly the serial number and condition. Ian earned his degree in Computer Science from Dartmouth College. This table and charts use the earliest available data for each category. Those first $2 notes from 1862, which measured 7.375 inches by 3.125 inches featured an engraving of Alexander Hamilton on the faceplate and ornate scrolls with "2" on the backplate. December 2nd, 1862 Richmond $100 Confederate Bill Value - Old Money Prices Paper Money Value by Serial Numbers: Determine Your Money's Worth $7 Aug 29, 1780 # 1702 or # A702. This is also why 1862 Confederate bills will have crude prints. 1864 $100 Compound Interest Treasury Note. Originally from Kentucky, Duncan moved to Richmond at the invitation of. American Civil War. 1862 $1 Legal Tender Value - How much is 1862 $1 Bill Worth? Bills issued with a brown or red seal during the 1800s are the most valuable at the moment, with some fetching prices as high as $4,500. Please note the banknotes you receive could have matching or varied dates if you buy multiples. Although I highly advise against doing so, as these bills can bring an incredible premium above their face value. T-46 1862 CONFEDERATE NOTE CSA $10 NOTE PMG 15 CHOICE FINE PF-2 R (4) Grade: PMG 15. Gold Coins. 1863 $100 Interest Bearing Note. She was almost immediate with response time, as well as completely transparent, she also exceeded all prior offers I had received on my notes. Various details like circulation, seal color and printing year all factor in to the bill's worth. If you pay with a credit/debit card, it depends on your order history. 1869 $100 Legal Tender. Typical Confederate themes included naval ships and historical figures, including George Washington. Wholesale is what dealers typically pay. Comments include the portraits or vignettes listed from left to right, the engraver and/or publisher of the note, and the number of notes issued. Paper money of the United States: A complete illustrated guide with valuations (21st ed.). In October 1863, Confederate States Senator Louis Wigfall of Texas said that a Confederate soldier received $11 per month in pay, which was worth the same as $1 had been worth at the beginning of the war. And in pristine condition are worth over $850. However, bills that were printed in 1890 can be worth far more, up to $4,500. 1933 $10 Blue Seal Silver Certificate Value How much is 1933 $10 Bill Worth? $1 in 1862 is equivalent in purchasing power to about $29.88 today, an increase of $28.88 over 161 years. Value: The value of one dollar notes from 1862 is based on condition and serial number. "T" numbers refer to the categorization system widely used in Confederate banknotes and denote major design changes. All Rights Reserved. Currency Value Guide - How Much is My Paper Money Worth? Retail is slightly higher in most cases. Understand there may be subtle differences between the image you see above and your note. Pence blames Biden for bank busts and blasts bailouts, Philippines-US alliance moves past Duterte dysfunction, As in 2008, financial stability depends on Jamie Dimon bailing out big, bad banks, US military tracking another aerial object, Biden vows taxpayers not on the hook when bolstering banking system, Crenshaw dubs TikTok 'ultimate psychological warfare weapon,' signals support for absolute ban, McCarthy takes jab at Biden administration in address to Israeli Knesset. Our calculations use the following inflation rate formula to calculate the change in value between 1862 and today: Then plug in historical CPI values. 1838. Notes in Uncirculated or better condition receive the best offers. As the Civil War continued, the cost of the war loomed large. Read more about inflation and investment. Circulated $2 bills from 1880 were the runner-up in their modern value, ranging from $600 to $2,200. The two bill types that are worth up to $4,500 have different color seals. The $2 bills aren't the only currency you might have that could be worth extra. In addition, Scott struck 500 half dollar-sized tokens in white metal using the Confederate die and a newly made die to commemorate the restrikes of the Confederate half dollars. So I was given a large paper money collection from my grandfather and had no idea what to do with it. Delaware 5 Shilling Jan 1, 1776 # 62101. To finance the war both North and South turned to paper currency issues. Description (Brief) One (1) dollar note. 1. It is possible that the coin was a gold so-called Jefferson Davis dime struck at the Paris (France) Mint, which Davis described to coin dealer Ed Frossard in an 1880 letter. Notes in Uncirculated or better condition receive the best offers. These notes were fully issued as Legal Tender, meaning even today you could technically legally spend this bill in the United States. 1862-1863 $100 Confederate Currency Note (Very Fine) - JM Bullion In 1862, the greenback declined against gold until by December, gold had become at a 29% premium. Value of Confederate Paper Money - We Buy Old Paper Money

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