One has a brown seal, and the other has a red one. Confederate States dollar - Wikipedia UPS 3-Day Air is the fastest and most reliable method of shipping. The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. Still, many may only be worth $2, so you'll need to check yours to see. Many of these contemporary counterfeits are identifiable today and they can be as valuable to a collector as a real note.[15]. These are usually delivered in 1-3 business days once in transit. Value of $1 from 1862 to 2023 $1 in 1862 is equivalent in purchasing power to about $29.88 today, an increase of $28.88 over 161 years. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. The price a seller receives or a buyer pays, could be substantially more or less than the prices listed. Weve paid a few hundred dollars for a poor condition example 1862 or 1863 banknote when in the past weve paid quite literally thousands of dollars for the same banknote in pristine condition. If you pay via PayPal, your order must ship to a PayPal Verified address. In the unlikely event that your order is Lost in Transit, you need to contact us immediately. Here's what you should know if you want to see how much your bill is worth. These notes were fully issued as Legal Tender, meaning even today you could technically legally spend this bill in the United States. In other words, a dollar will pay for fewer items at the store. Circulated $2 bills from 1880 were the runner-up in their modern value, ranging from $600 to $2,200. Paper Money Value by Serial Numbers: Determine Your Money's Worth However, after the Union victory at Gettysburg, the greenback recovered to 131 dollars to 100 in gold. Depending on your payment method, we will hold the order once payment is received and cleared. Value of 1862 dollars today | Inflation Calculator Because of the high relief of the coin die, a test striking was made to determine if coins would release from the Confederate die. When refused, the package(s) will return to JM Bullion for inspection. Description: This $100 Confederate note shows two slaves working the cotton fields in the center. I was somewhat worried about shipping my currency to her but he assured me everything would be OK. And it was lol. Breaking down these categories helps explain the main drivers behind price changes. This effect explains how inflation erodes the value of a dollar over time. The costs in shipping to these places is extremely prohibitive, so we utilize USPS on all shipments. Massachusetts $8 May 5, 1780 # 25480. Typing our address directly into a map search may misdirect you. 1 Dollar, Legal Tender Note, United States, 1862 Mississippi & Alabama RR. A lithographic firm specializing mainly in CSA stocks and bonds. An email notification will be sent when your order ships. The BEP adds, however, that the fortune for the bill shifted when the U.S. entered World War II. :Yes! This chart shows a calculation of buying power equivalence for $1 in 1862 (price index tracking began in 1635). In the aftermath of secession, the Confederacy seized U.S. Mint facilities at Charlotte, North Carolina, Dahlonega, Georgia, and New Orleans, Louisiana. Georgia $4 Sept 10, 1777 # 2991 & # 19567. Click on a category such as "Food" to toggle it on or off: For all these visualizations, it's important to note that not all categories may have been tracked since 1862.