Posted 8 years ago
lsorenls
(1 item)
Very rare $1 scrip. From the civil war NY volunteers, May 1, 1863
These were used to pay the army volunteers
Camp 43rd Regiment N.Y.S.V. | ||
| US Paper Money49 of 277 |  |  |
Camp 43rd Regiment N.Y.S.V. | ||
| US Paper Money49 of 277 | | |
Posted 8 years ago
lsorenls
(1 item)
Very rare $1 scrip. From the civil war NY volunteers, May 1, 1863
These were used to pay the army volunteers
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When the Federal gov't. decided to invade the South, the South held 75-80% of the wealth due to foreign trade & the Federal gov't. was functionally bankrupt. (Like today). People hoarded their silver & gold and a "change" crisis arose. Stores started issuing their own change to relieve the situation. This was not soldier's pay & was made illegal in 1864. Ironically, Confederate money is generally worth more now days.
I thought these were used to purchase items from Sulter stores
They were. After they were issued as change.