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Confederate fifty cents

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What you have is indeed a circulating confederate note. The lack of coinage finally forced the printing in 1863 then again in 1864. You could call all confederate notes bonds. A circulating bond. As was once written on the back of a $100 note at the end of the war by confederat Mjr. Jonas. "Issued today a promise to pay, and a hope to redeem on the 'morrow". Alas it was not to be.

 

and unreconstrucetd Rebel.

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