At the start of the U.S. Civil War, the Confederate States of America began to print their own money. Almost immediately it began to lose value due to inflation (except in 1864). By the end of the war it was considered, for all intents and purposes, worthless.
However I am sure anyone now in the year 2019 would love to get their hands on any of these confederate bills as they can garner you anywhere from $100 to thousands of dollars just for 1 bill.
My questions are
- Since the money was considered worthless at the end of the war, did most people just throw it out?
- If any was kept, was it kept more as a souvenir of sorts?
- Is there record of anyone hoarding it all with the assumption it would one day be worth something?
- And what I'd like to know the most is at what point in history did these bills break even again? Meaning what year did their value increase to the point that they held the same purchasing power as back when they were in use during the war? So for example a confederate $100 bill goes from $100 down to $0 and back up to $100 for a short time before it exceeds $100 in value. About what year did this happen?