Product Details

During the American Civil War, States like Arkansas issued "Treasury Warrants" as a form of paper money because there was a severe shortage of gold and silver coin. These warrants were essentially promissory notes, meaning the state promised to pay the bearer a certain amount—in this case, ten dollars—plus interest at a rate of eight percent per annum, at a later date. This particular warrant, dated April 11, 1862, was issued right in the middle of the war, reflecting the challenging financial times for the Confederate states. They were crucial for funding the war effort and for everyday transactions when official Confederate currency or federal money wasn't available or trusted. Historical Details • Issuer: the "Succeeded" State of Arkansas • Date: April 11, 1862 • Denomination: Ten Dollars ($10) • Interest: Bears interest at eight percent (8%) per annum Features: • Slave Picking Cotton (Left Corner) • Portrait of Sam Adams • Ornate X and Filigree • Hand written by the Treasurer