zaphod

You know things were getting bad in the Confederacy when the first notes issued in 1861 were payable 6 months after the cessation of hostilities, but the last 1864 notes were payable 2 years later.

The very first 1861 notes paid, with interest, "Twelve months after date ..." and the note would be hand dated when it was issued. Later, they went to "Two years after date ..." and the notes no longer paid interest. Still later, it became "Six months after the ratification of a treaty of peace..." and finally, "Two years after the ratification of a treaty of peace..."As the Confederate government became less optimistic about it's ability to back its notes in a timely manner, the people similarly lost confidence in the value of Confederate paper. It's also interesting that the notes were "Receivable in payment of all dues except export duties." If goods were leaving the country, they wanted something other than their own paper.

 

Just arrived today:

 

It's a common note, but not with this cut and color.