A customer once asked me why there are no Confederate Civil War coins to collect? That's actually a great question. There was plenty of the newly formed Confederate States of America paper money ($1.7 billion dollars) available beginning in 1861, but no coins. Easy answer: There was a severe shortage of metal of all kinds in the South so none was used to mint coins. Merchants to try and assuage the coin shortage issued tokens. Interestingly enough, most Confederate Southern States issued their own unique currency featuring notable CSA officials and various symbols of the newly formed Confederacy. Eventually, there was a shortage of currency in the South due to the fact that there were only 20 paper mills in the Confederate States. Paper had to be smuggled in from England and even the North. FYI: The federal government refused to honor or exchange any Confederate States of America money after their surrender in 1865.
DJR Authentication is one of the nation's premier appraisers, authenticators, and consultants of jewelry, coins, collectibles, art, sports memorabilia, and other fine goods, located in Mt Pleasant, South Carolina. Schedule your appointment or learn more today at djrpro.com.