What is a 1863 Confederate $100 bill worth?
Most Confederate currency bills are worth between $5 and $20 each. Condition is a big issue. If Confederate bills are very crisp and have not been folded or circulated, they can be worth $10 to $100 each.
How much was Confederate money worth after the Civil War?
After the Confederacy’s defeat, its money had no value, and both individuals and banks lost large sums. The first series of Confederate paper money, issued in March 1861, bore interest and had a total circulation of $1,000,000.
What’s on the back of the 100 dollar bill?
Benjamin Franklin
The $100 note features a portrait of Benjamin Franklin on the front of the note and a vignette of Independence Hall on the back of the note.
Are 100 dollar bills still in circulation?
The $100 bill is the largest denomination that has been printed and circulated since July 13, 1969, when the denominations of $500, $1,000, $5,000, and $10,000 were retired. As of December 2018, the average life of a $100 bill in circulation is 22.9 years before it is replaced due to wear.
What does the back of a $100 Confederate bill look like?
The Union banknotes had green printing on the back and were known as greenbacks. The backs of Confederate banknotes were blank and in circulation became a dirty gray. They became known as “gray-backs”. The one hundred dollar banknote shows slaves hoeing cotton in the center with John C.
How much is 1864 Confederate worth?
Graybacks became almost worthless. In late 1864, a few months before the war’s end, one Confederate dollar was worth just three cents in U.S. currency.
What was Confederate money backed by?
In contrast to the U.S. dollar (USD), the Confederate dollar had no underlying backing nor was it pegged to any other tangible asset, such as gold. Instead, the money was a promissory note of credit, which promised the bearer compensation six months after the end of the war.
Did the Confederates make their own money?
The Confederate States of America released their first issue of paper money in April, 1861, when their provisional government was only two months old. Due to the scarcity of metal, however, the Confederacy never issued coins, instead releasing seventy different paper note ‘types’ between 1861 and 1865.
What president is on $100 bill?
$100 Bill – Benjamin Franklin.
How do you check a 100 dollar bill serial number?
The serial number appears in the upper left and lower right corners. If the serial number doesn’t correspond to the series, then you are dealing with a counterfeit. If the bill is series 2009, then the serial number should begin with J. If the bill is series 2009A, then the serial number should begin with L.
Can you use a 100 000 dollar bill?
There are still 1.2 billion $2 notes in circulation. A $500 or $1,000 bill may be worth more than its face value. Recalled in 1969, there are fewer than 400 $5,000 bills in existence. Collectors cannot legally hold a $100,000 bill.