Banknote Description: Confederate States of America.
Denomination: One Hundred Dollars.
Serial Number: Not Applied with a suffix of Z. Date of Issue: November 20th 1862.
Grade: Good Extra Fine. With tears on the left side of the banknote.
Domicile: Richmond Virginia. The cradle of the Confederacy & Capital of the Confederate States of America
The obverse side has two(2) African Americans(slaves) Tilling the soil, in today’s terms an unbelievable depiction of daily life.
President: Jefferson Davis.
A Larger Historical Notation.
The banknote has taken on a beautiful patina over 150 years increasing the intensity of the original brown of the banknote.
Rarely seen it this grade, most banknotes issued in 1862 were of higher denominations ranging up to Five Thousand dollars.
The Banknote Purpose.
These were the banknotes, the Confederacy used to pay Plantation owner’s for their rich cotton crops.
The southern states controlled the majority of cotton crops through to export through the “KEY EXPORT HARBOUR-LOUSIANNA.”
In turn these cotton crops were exported to France, England & larger Europe for payment in gold.
France was a Confederate sympathiser, England to a lesser degree, to ensure a continuous supply of Cotton.
These payments in gold were used to finance the Confederate States of America in their waging on an unwinnable war.
The payments were only used briefly to maintain & return in gold backed banknotes to the general population.
France to a great degree, supplied the funds required to continue this War until 1865.
Where 650,000 souls perished.