Hey all, I'm new to collection US coins and paper currency. I have seen some really cool confederate currency on eBay, i.e. bills or even war bonds. Is confederate currency sought after in the hobby? Is it something worth buying a note or two if I think they're cool pieces of history?
I just wanted to see the opinions of other collectors. Thanks!
What I collect: US, 3rd Reich Germany, Philippines, Ancients, Vatican City, North Korea.
Definately buy what is interesting. They are also the issue of a government. They are listed in paper money catalogs as a seperate issuing entity. The easiest way to tell if they are not fake is to look at the signatures. As they were all handwritten, you will find they have oxidized, turned brown or faded, and in some cases have had the acid in the ink eat right through the paper. They are fascinating notes.
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Quote: "Oklahoman"Definately buy what is interesting. They are also the issue of a government. They are listed in paper money catalogs as a seperate issuing entity. The easiest way to tell if they are not fake is to look at the signatures. As they were all handwritten, you will find they have oxidized, turned brown or faded, and in some cases have had the acid in the ink eat right through the paper. They are fascinating notes.
Thanks for your response. Is the only way to find these really be eBay?
What I collect: US, 3rd Reich Germany, Philippines, Ancients, Vatican City, North Korea.
The actual bonds are quite expensive. Given their very high face value this isn't surprising. As a low cost alternative I'd go for the bond receipts instead.
Southern patriots loaned money in large sums to the newly formed Confederacy via their local State. The bonds were repayable at the end of the war however each year the bond holder would turn up at the State Capital and be paid a dividend by the Treasurer. These payments were formalized by issuing a receipt specific to that State and signed in ink.
As the newly formed CSA was formed by those who had previously been a part of the Federal administration it's not unusual to find that they are signed by people from prominent families. I'd start with those issued by Virginia as they are the most plentiful and therefore cheap. They can be found for under $10 each with a bit of diligent searching. I've been picking these up whenever I get the chance in the hope that I might be able to put together a collecting covering each state.
Many of the "bonds" offered on ebay are actually bond receipts.
Non illegitimis carborundum est. Excellent advice for all coins.
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The question is if you like them or not. If you like them, they are worth buying and collecting.
It's all about you and what you want to collect. No one can tell you what you should collect. Like it? Buy it!
Good luck, mate!
Quote: "pnightingale"The actual bonds are quite expensive. Given their very high face value this isn't surprising. As a low cost alternative I'd go for the bond receipts instead.
Many of the "bonds" offered on ebay are actually bond receipts.
Thanks for clearing this up for me. I have bought a "bond" on eBay for a few bucks but it's good to know it's a bond receipt. Thanks for letting me know the history!
What I collect: US, 3rd Reich Germany, Philippines, Ancients, Vatican City, North Korea.
Hello, I've been getting into US currency collecting. And that led to obsolete currency. I just bid on and won a CSA note, yet to arrive. (I'm crossing my fingers, it was likely mislabeled. It could be a good deal.) I'm interested in reading up on them. A quick search revealed several books on Confederate currency. What are the best books for Confederate Currency and Obsolete Currency?
I'd like a book or two with good photos, some history of the notes and how to spot fakes. Is there a consensus on a book that's better than others?
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