User Panel
User Panel
User Panel
|
Posted: 11/21/2012 2:09:29 PM EDT
A recent thread about someone getting some (silver) peace dollars in change at the bank, AND the thread about your favorite Western movie, made me wonder about this.
At the time it was issued, it was obviously legal tender in Virginia, and the rest of the Confederacy. Is there a specific statute in U.S. law that says Confederate money is no longer any good? Or is it automatically not any good, since it's essentially a "foreign" currency once the Confederacy was defeated? Although you never know in VA. After all, Lee-Jackson day is still a state holiday here. I know it's an irrelevant question from a practical viewpoint, because this $10 bill is obviously worth a lot more than $10 today, so trying to use it would be as stupid as trying to pay for gum with a 1876 Morgan silver dollar. I'm just curious about it. 
|
|
|
|
Posted: 11/21/2012 2:12:47 PM EDT
[#1]
Peace Dollars?
|
|
|
|
Posted: 11/21/2012 2:14:02 PM EDT
[#2]
There are no dumb questions.
Only dumb people. 
|
|
|
|
Posted: 11/21/2012 2:17:13 PM EDT
[#3]
Might work in Loserville.
|
|
|
|
Posted: 11/21/2012 2:18:27 PM EDT
[#4]
It would not be legal tender. Which means it could not be used to satisfy a debt.
Now, if the debt was in Confederate dollars, I guess it would qualify. Makes me wish I had bought some of those Confederate bonds I saw advertised back in the 1980s. Scripophily can be an interesting hobby. There is just as much backing behind this Confederate money as we have behind a Federal Reserve note. Kind of scarey, isn't it? |
|
|
|
Posted: 11/21/2012 2:18:36 PM EDT
[#5]
Would be the same as paying in British Pounds, I imagine.
|
|
|
|
Posted: 11/21/2012 2:18:52 PM EDT
[#6]
I'm not sure, but my grandmother gave me a bank when I was a kid, had what appeared to be a rebel officer with the words, "Save your confederate money, the south will rise again!"
|
|
|
|
Posted: 11/21/2012 2:20:41 PM EDT
[#7]
There's a ton of them around and a lot (the majority) of them are fake. On average they are worth less than face value to collectors.
|
|
|
|
Posted: 11/21/2012 2:21:13 PM EDT
[#8]
Quoted:
Peace Dollars? A US Silver Dollar from the Twenties or mid thirties with a bald eagle clutching an olive branch that says "peace." |
|
|
|
Posted: 11/21/2012 2:30:55 PM EDT
[#9]
Quoted:
There's a ton of them around and a lot (the majority) of them are fake. I'm pretty sure this one is genuine - it doesn't have any of the serial numbers of the known fakes/reprints. |
|
|
|
Posted: 11/21/2012 2:34:21 PM EDT
[#10]
As far as the legal status. Confederate Currency is a "debt or obligation incurred in aid of insurrection or rebellion against the United States" and the 14th Amendment makes it worthless.
|
|
|
|
Posted: 11/21/2012 2:34:54 PM EDT
[#11]
Quoted:
As far as the legal status. Confederate Currency is a "debt or obligation incurred in aid of insurrection or rebellion against the United States" and the 14th Amendment makes it worthless.  Thanks a lot. That was exactly the kind of thing I was curious about.
|
|
|
|
Posted: 11/21/2012 2:38:45 PM EDT
[#12]
The last quote I saw on Confederate dollars was $0.0176 US.
I have a 1 mark note from 1914. It is not worth anything besides collector's value either. I also have some canceled stock certificates. Scripophily can be fun. |
|
|
|
Posted: 11/21/2012 2:49:28 PM EDT
[#13]
you realize that starting a thread about the confederacy is more likely to cause a shitstorm than even the Arfcockpalypse did, right?
|
|
|
|
Posted: 11/21/2012 3:20:52 PM EDT
[#14]
Put the bill in your safe. It will buy more than an US $10 before long . . .
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
