This ten dollar note was issued by the Confederate States of America in 1864. The Confederate currency–called “Greyback” to differentiate from the Union “Greenback”–was first issued at the outbreak of the war, and this money was based on no collateral assets, but instead it was a kind of “I owe you” for after the war. It was merely a promise to pay back the Confederate government once the South was victorious. Since this never came to be, the money lost value as the war went on.
Ten dollar bill from the Confederate States of America. From the Georgia Historical Society Collection. A-0653-002