Why Is Confederate Money Worthless?

When the South started losing the war, the value of Confederate money dropped. In addition, prices for food, clothing and other necessities rose because many items were scarce during the war. Graybacks became almost worthless. This is what 1 million Confederate dollars looked like, in a photo from 1962.

Is Confederate money worth anything?

Most Confederate currency bills are worth between $5 and $20 each. Condition is a big issue. If Confederate bills are very crisp and have not been folded or circulated, they can be worth $10 to $100 each.

When did Confederate money become worthless?

When the war ended in 1865, Confederate paper money became worthless. Over time, however, the bills became curiosities, then collectibles. Now nearly anything relating to the Civil War is in demand. However, as upward of $2 billion worth of Confederate bills were printed, they are fairly readily available.