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15 Dollars Confederate Loan
| Issuer | Confederate States of America |
|---|---|
| Year | 1864 |
| Type | Log in to see details |
| Value | 15 Dollars |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Log in to see details |
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| Obverse description | Salmon-pink underprint with a central oval vignette of an equestrian figure above the motto DEO VINDICE, flanked by ornate letterpress text on a fine guilloche ground. The denomination FIFTEEN DOLLARS is set in bold display type at center, with SIX PER CENT PER ANNUM and FIVE HUNDRED DOLLARS in vertical panels at either side. Issued under the Act of Feb. 17th, 1864, 2nd Series, registered at Archer, Richmond, VA. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain unprinted face with show-through of the obverse impression visible in reverse, the paper left entirely blank with no printed design or lettering. |
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| Comments |
The Confederate $15 denomination is an oddity even within the deliberately fractured denomination structure of 1864 Confederate currency. That year's Act of February 17 authorized a sweeping currency reform designed to force holders of older notes to convert or face a mandatory tax on unredeemed paper — an attempt to contract a money supply that had already inflated catastrophically. The $15 face value was part of a coupon-bearing loan certificate structure rather than straight circulating currency, blurring the line between bond and banknote.
Archer & Daly operated in Richmond under extreme material constraints by 1864, sourcing cotton-fiber paper through a blockade that grew tighter each month. Some notes from this period show visible inconsistencies in ink density attributable to diluted printing stocks.