For many, old Confederate bills tucked away in family heirlooms or found at estate sales may seem like little more than faded pieces of history. But for collectors and history buffs, these notes can be incredibly valuable—some even worth upwards of $35,000.
Confederate currency, issued by the Confederate States of America (CSA) between 1861 and 1865 during the American Civil War, has become a niche but lucrative collector’s market. While many notes were mass-produced and carry modest value, a select few are rare gems with prices that soar at auctions.
Here’s a look at seven Confederate bills that could potentially make their owners thousands of dollars richer.
1. 1861 T-3 $100 Bill
This note is one of the most valuable pieces of Confederate currency. Known for its distinctive orange-red overprint and striking design, it was issued early in the war. Bills in top condition—especially those graded PMG 63 Choice Uncirculated—have sold for more than $35,000 at auction.
According to Numismatic News, collectors prize this note for its historic significance and the quality of surviving specimens.
2. 1861 $1,000 Bill Featuring John C. Calhoun and Andrew Jackson
Another rare and highly desirable Confederate bill is the $1,000 note issued in 1861, which features portraits of U.S. politicians John C. Calhoun and Andrew Jackson. Because of the high denomination and limited printing, few survived the war—making uncirculated versions extremely valuable.
High-grade examples can fetch $20,000 to $35,000, depending on condition and auction demand.
3. 1864 T-68 $10 Note
While more common than the $1,000 or $100 bills, the 1864 $10 note is still a standout if found in pristine condition. Featuring a vignette of horses pulling a cannon, this note is highly regarded for its intricate design.
Prices vary based on condition, but some mint examples have sold for $1,000 to $2,500.
4. 1861 T-2 $500 Montgomery Note
Issued in Montgomery, Alabama—the first capital of the Confederacy—this $500 note is one of the rarest and most historic. Only a small number were printed before the capital moved to Richmond, Virginia.
Surviving examples are so rare that even heavily worn notes can sell for $10,000 or more. In uncirculated condition, they can exceed $25,000.
5. 1861 T-1 $1,000 Montgomery Note
Even more elusive than the $500 bill, the $1,000 Montgomery note was among the first currency printed by the Confederacy. Fewer than 300 examples are believed to exist today.
Its rarity makes it a crown jewel among collectors. At auction, prices can reach $30,000 to $35,000, depending on grading.
6. 1864 T-67 $20 Note with Lucy Pickens
Known as the “Queen of the Confederacy,” Lucy Holcombe Pickens was featured on the 1864 $20 note, making it a favorite among collectors for its aesthetic and cultural significance.
Though more widely circulated, this bill in uncirculated condition can command $1,000 to $1,500.
7. 1862 T-39 $100 Train Note
The T-39 $100 note—often referred to as the “Train Note” because of its steam locomotive imagery—is popular among both collectors and historians.
In excellent condition, these notes can fetch between $2,000 and $5,000, especially if they include handwritten interest notations on the back, which were common during the war.
What Determines the Value?
While age and denomination matter, condition is king. The value of Confederate currency is largely based on:
- Grade (uncirculated, fine, etc.)
- Rarity
- Historical context
- Auction trends
Collectors often rely on grading services like PMG (Paper Money Guaranty) or PCGS to authenticate and appraise the bills. Notes that are graded “Choice Uncirculated” or better typically command the highest prices.
Where to Verify and Sell Confederate Currency
If you believe you own one of these valuable bills, consider having it authenticated by a professional. You can explore:
- PMG – Paper Money Guaranty
- PCGS Currency
Once verified, you can auction your bill through reputable houses like Heritage Auctions, Stack’s Bowers, or eBay (with proper verification).
Historical Significance
Although the Confederate States of America ultimately lost the Civil War and its currency became worthless as legal tender, these notes have lived on as relics of a tumultuous chapter in U.S. history.
Even the U.S. Department of the Treasury and the Smithsonian Institution acknowledge the educational value of Confederate currency in understanding 19th-century American finance and politics. You can learn more about U.S. historical currency at Treasury.gov.
Final Thoughts
Not all Confederate bills are valuable—many were printed in massive quantities, especially later in the war when inflation skyrocketed. However, those rare, early-series notes in mint condition can be worth a small fortune.
If you’ve inherited a bundle of old bills or come across one at a flea market, it may be worth a closer look. You could be sitting on a historical artifact worth tens of thousands of dollars.
Vikas is a seasoned finance writer with a keen eye for unraveling complex global financial systems. From government benefits to energy rebates and recruitment trends, he empowers readers with actionable insights and clarity. When he’s not crafting impactful articles, you can find him sharing her expertise on Social Media. You can connect with him via email at [email protected].
