Confederate canceled Currency? 0

[Alba359]

Hi, I'm new here and a coin collector considering starting a small collection of Confederate currency. Canceled notes are within my budget. Are canceled Confederate notes considered severely damaged in the way that a coin with a hole is considered severely damaged?  Any advice is appreciated. Sincere Thanks, Don

Edited October 4, 2021 by Alba359

[Fenntucky Mike]

On 10/3/2021 at 9:57 PM, Alba359 said:

Hi, I'm new here and a coin collector considering starting a small collection of Confederate currency. Canceled notes are within my budget. Are canceled Confederate notes considered severely damaged in the way that a coin with a hole is considered severely damaged?  Any advice is appreciated. Sincere Thanks, Don

Hi Don,

Confederate Currency is a popular collecting theme and there are a lot of affordable notes to be had. To answer your question, no, a note with a cancellation punch is not considered damaged but it will most likely be noted as "cancelled" on the label, not that that's a negative thing either. Long story short, the note will still straight grade. 

Banknotes can have several stages from Proofs, Specimens, Remainders, Standard Issue, Cancellations and even Re-Denominations. Coins are my main focus as well but banknotes take up most of my time currently and are tons of fun. Good Luck. 

[Alba359]

Hi  Fenntucky  Mike, Thanks very much for the response. I'm glad to know that! I've seen these notes starting at $15 each. What a great way to own a piece of over 160 yr. old history!  I haven't found much information concerning canceled CSA bills to determine value, but at $15 it sure seems to be a bargain! Definitely not something for investment as I assume the canceled notes do not go up in value.  Thanks again for sharing your knowledge with me. Respectfully, Don

[ItsmeJo]

This is good to know, I have a photo album of my father's, with old bank notes, I've been adding to eBay, fraction currency, old China,Japanese,haian Canada etc currency.  So I'm collecting all the info I can. I must admit, the States bank notes currency is most interesting, weird to see money with a particular state on it, but the art work is beautiful.

[Pounds]

Nice notes to have.

Citizen's Bank of Louisiana bills have always been my favorites among the broken banks, common in UNC, though tricky to get a well centered example.