1864 Confederate States 10 dollar Note

Confederate States of America $10 Note of 1864. When the Civil War broke out, the newly-formed Confederate States of America needed to create a monetary system to finance the government and the war effort. The Confederate Treasury printed bank notes The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence. As the Civil War progressed and victory of the South seemed less and less likely, its value declined. After the Confederacy's defeat, its money had no value and most notes were destroyed. In very good condition. (Inventory #: 16791)