CONFEDERATE PAPER MONEY
One simple fact concerning Confederate paper money is that it was issued in the same denominations as were circulating in the Yankee North and it was the same even in the case of fractional money currency. As a matter of fact, once the Civil War ended, there were as many as more than one billion worth of Confederate paper money in circulation and a ploy used by the Yankee North to erode the value of this Confederate money was to issue counterfeited paper money of the Confederate states. This was easy to do as the Confederate notes lent them to be easily duplicated. The most infamous of all Confederate note counterfeiters was a person known as Samuel C. Upham who belonged to Philadelphia, though he called his notes facsimiles as well as mementos of the rebellion. These notes in fact bore the inscription “Fac-Simile Confederate notes sold, wholesale or retail. By S. C. Upham, 403 Chestnut Street, Phila.”