VIRGINIA 1 dollar 21.7.1862


UNITED STATES OF AMERICA, VIRGINIA, 1 dollar, 21.7.1862, Face: black and red, woman with basket, steamship in background, John Letcher portrait at lower left, pos. B, P-S3681b, G

Out of stock

SKU: 2102101333 Categories: ,


John Letcher was the Governor of Virginia during the Civil War.

States as well as the central Confederate government issued worthless paper money during the Civil War.

For organizational purposes, banknote collectors tend to make a distinction between national issues and local issues. The Standard Catalog of World Paper Money has a volume dedicated to “specialized” issues, where about 20,000 items are listed. A “complete” catalog would likely have at least 10 times that number. The Standard Catalog numbers for “specialized” notes are designated P-S. There are special catalogs for various series such as German and Austrian notgeld, former Soviet Union, etc.

Paper money, meaning the promise of a government to pay a set amount, and the paper promise allowed to circulate at will, was probably first used in China in the 12th century AD. At that time the merchants and governments of Europe were just writing letters to each other about what they owed.