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December 3, 2020


Vital rare coin & paper money industry updates

CDN has completed the pricing of Confederate Notes

Patrick Ian Perez · Oct 25, 2019
Pricing Currency Dealers U.S. Paper Money

CDN Publishing, home of the industry-standard Greensheet newsletter, now offers the complete pricing of Confederate States of America (CSA) currency type set, which consists of 72 individual notes. This information is unprecedented and important for dealers and collectors of this historic, yet controversial, material.

We are happy to announce we have completed pricing the entire Confederate States of America (CSA) currency type set, which consists of 72 individual notes. The notes are priced in the same standard grades we have in the Greensheet: VG8, F12, VF20, VF35, XF40, AU50, AU58, CU60, CU63, CU64, CU65, CU66, and CU67. Of course, not all types exist in all grades, and our pricing reflects that. High grade and finest-known Confederate notes have seen a significant increase in price recently. All pricing can also be found online at

A few important notes to keep in mind when consulting these prices: the price listed for each type is for the most common variety; many CSA types are found with multiple varieties, some much scarcer than others. Also, prices are for uncancelled notes; cut-cancelled notes will trade at lower levels, sometimes significantly so. As always, notes with problems – tears, pinholes, repairs, etc. – will trade at a discount. Specialized reference books should be consulted to determine the variety of your notes. We welcome any feedback on this series, please send to

Comments (9)

  • Harry Miller

    It is good to see a reasonable attempt on the pricing of Confederate notes and the exchange of comments is most useful. I have very little knowledge here so anything helps. Any real professional knows all publications are only a guide. We must use and contribute our experience to the process as Pierre did.

    Monday, November 4, 2019 9:01 AM EST

    Because such expertise is needed, Confederate notes, tokens, and stamps certified and graded, with varieties and condition mentioned, is a must for scarce or high-grade items.

    Tuesday, October 29, 2019 3:18 AM EST
  • Pierre Fricke

    John, I will look at it when I have time. It's Red Book season and I also work in high tech still. I really don't need to do that since I get a lot of this coming my way anyway. The biggest issue is that there is so much variability in the holders as well as variability in price depending on cut and color, that it is hard to do that. I will pay $150 to $600 for a T-20 in AU-58 depending on cut and color. I would pay more for the Newman PCGS 53 PPQ (choice for the grade with full frame and super color) T-15 than I would on the recent Unc 63 T-15 which should have had comments about the color of the paper and was not well cut.

    Sunday, October 27, 2019 8:55 PM EST
  • Pierre Fricke

    Retail T-68 almost new would range from $40 to $60 raw depending on color (RED is better) and trim (full frame line around outer edge is better). Add about $15 for a slabbed example.

    Sunday, October 27, 2019 8:49 PM EST
  • Pierre Fricke

    One really important thing... these are NOT Friedberg T-numbers. They are Criswell T-numbers!

    Sunday, October 27, 2019 8:46 PM EST
  • John Cox

    Looking at the most green sheet, I thought "how cool it would be to have CSA notes included" ...NIce timing and thank you!

    Sunday, October 27, 2019 9:44 AM EST
    • John Feigenbaum


      Sunday, October 27, 2019 11:32 AM EST

    We have a $ 10.00 Confederate States of America Richmond note dated 17 February 1864 almost new that may be a Fr. # T 68. Please advise. Thanks . ATTN: Pierre Flicke

    Saturday, October 26, 2019 11:56 AM EST
  • Pierre Fricke

    Here are some examples... T-27 VF-35 $8500 dealer buy... this is laughable... a clean T-27 with no comments would be amongst the finest known and I'd give more than 2x this right off the bat! T-28 CU-63 $4000 dealer buy... this is completely off in the other direction! CU-63s come in a wide range of trim with a wide range of values … more like $500 to $1000 dealer buy price depending on trim. T-41 is not bad. Pretty good for today's market.

    Saturday, October 26, 2019 11:04 AM EST
    • John Feigenbaum

      The good news is... you can now place market bids for these on CDN Exchange and tell the world what you will pay. Let's make this a transparent market for the first time ever!

      Sunday, October 27, 2019 11:34 AM EST
  • Pierre Fricke

    I went through these. I will pay considerably more for problem free examples and a lot more for choice examples as a dealer than some of these prices. Others are not bad and a few are too high.

    Saturday, October 26, 2019 10:31 AM EST

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Patrick Ian Perez

Patrick Ian Perez began as a full time numismatist in June of 2008. For six years he owned and operated a retail brick and mortar coin shop in southern California. He joined the Coin Dealer Newsletter in August of 2014 and was promoted to Editor in June 2015. In addition to United States coins, his numismatic interests include world paper money, world coins with an emphasis on Mexico and Germany, and numismatic literature. Patrick has been also published in the Journal of the International Bank Note Society (IBNS) .

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