Gold equivalency of US dollar now equals value of Confederate Currency on eve of General Lee’s Surrender

Submitted by Pierre Fricke on
In the past year, an ounce of gold has crossed the $1,500 threshold and has hit new records, approaching $2,000 at one point. Believe it or not, in terms of gold equivalency, the US dollar is now worth less than the value of $1 Confederate on the eve of General Lee’s surrender in the Civil War. Ben Bernanke may not be worried about inflation, but the South experienced a nasty bout of hyperinflation with lingering effects due to its loose monetary policy.

A 1914 Non-Star Replacement Note?

Submitted by Shawn Hewitt on
Late last summer I embarked on a long day trip for the purpose of enjoying the country and making a few finds along the way. One stop took me to a Midwest coin shop that I had not visited before. Among the large type in the currency inventory I spotted a 1914 $10 Federal Reserve Note from the St. Louis district (Fr. 932) that had an odd look to it.

Collecting USDA Food Coupons

Submitted by Jamie Yakes on
The Food, Conservation, and Energy Act of 2008 officially replaced the food stamp program with the Supplemental Nutrition Assistance Program (SNAP) that uses debit cards instead of coupons. One year after the act became effective, on October 1, 2009, food coupons were no longer an obligation of the United States government. It is now legal for persons to acquire and hold coupons who never received them as a beneficiary of the food stamp program. Happy collecting!

Below are the pertinent sections of the act:

The William Kelly Confederate Paper Money Sale – The Main Body of His Collection

Submitted by Pierre Fricke on
I attended the William H. Kelly Confederate paper money sale held in conjunction with the FUN show in Orlando. Heritage auctions conducted the sale on Thursday night, January 5, 2012. William Kelly collected over the last quarter century of the 20th century focusing on building four complete Confederate money type sets, building eight sets of Montgomery notes, and adding a number of major rare varieties to his collection – making the Kelly collection one of the major collections offered (both publicly and privately) over the past century.

Paper Money - Vol. LI, No. 2 - Whole No. 278 - March - April 2012

FEATURES Curious History of Hillsborough Bank, Amherst, NH . . . . . . . . . . . 83 By Q. David Bowers The Paper Column: Series 1929 National Bank Replacement Notes .97 By James A. Simek & Peter Huntoon Mrs. M.S. Pierson, National Bank President . . . . . . . . . . . . . . . . 110 By Karl Sanford Kabelac Chattanooga Money Now FREE Online . . . . . . . . . . . . . . . . . . 112 By Dennis Schafluetzel and Tom Carson The Granville Alexandrian Society . . . . . . . . . . . . . . . . . . . . . . 116 By John Davenport An Index to Paper Money, vol. 50 (whole nos. 271-276) . . . . . . . .
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