tonycarrera on Nostr: Confederate dollars were first issued in 1861 and became worthless at the end of the ...

Confederate dollars were first issued in 1861 and became worthless at the end of the Civil War 4 years later.

Confederate money was not backed by hard assets like gold or silver. Instead, it was largely backed by the promise of future payment based on the anticipated success of the Confederacy in the Civil War. So basically fiat.

Now just worth whatever collectible value you can get for them on eBay.

They sure are pretty though! #NFT’s anyone?

#fiat #currency #btc #nostr #civilwar #dollars #plebchain #themoreyouknow