Kentucky Derby Cavalier.
First Sergeant
- Joined
- Oct 24, 2019
I read that there were attempts to flood the South with fake currency? How effective was this? Did it seriously hurt the South?
That is a dollar's worth of a humorous superego.Interesting to note that Salmon P. Chase, who as Secretary of the Treasury was given the responsibility for designing the new one dollar bill, cheerfully adorned it with his own picture.
Interesting to note that Salmon P. Chase, who as Secretary of the Treasury was given the responsibility for designing the new one dollar bill, cheerfully adorned it with his own picture.
Having never seen his work on currency, that I know of, it very well might be a better quality. But the stamps in my opinion look inferior. I haven't had them in my hands and the postage stamps shown are an early issue but I don't see the "quality" that has been mentioned. Maybe some Yankees were easily fooled.Upham was in the business of selling forged currency and postage stamps to people in the North. He emulated the P.T. Barnum business model developed a few years earlier about suckers.
a page of his stamp forgeries is Here
It's not the Yankees who would have been using them.Having never seen his work on currency, that I know of, it very well might be a better quality. But the stamps in my opinion look inferior. I haven't had them in my hands and the postage stamps shown are an early issue but I don't see the "quality" that has been mentioned. Maybe some Yankees were easily fooled.
Years after the war ended, Upham claimed that he had printed 1,564,000 bogus notes between 1862 and 1863. He also boasted that Jefferson Davis had offered a reward in gold for his body, dead or alive. Don't know if there is any truth to his Jefferson Davis claim.There was no need for the Union to try to ruin the confederate economy, by artificially inflating confederate money with widespread illegal counterfeiting confederate money. The Confederate government did it themselves, by printing worthless money legally.
I would not put too much credence n the word of a criminal. Historically, the confederacy was printing worthless notes as fast as their presses could go9and the paper supply held out).Years after the war ended, Upham claimed that he had printed 1,564,000 bogus notes between 1862 and 1863. He also boasted that Jefferson Davis had offered a reward in gold for his body, dead or alive. Don't know if there is any truth to his Jefferson Davis claim.
He would have been a criminal only in the eyes of the so-called Confederate government.I would not put too much credence n the word of a criminal. Historically, the confederacy was printing worthless notes as fast as their presses could go9and the paper supply held out).
I was mainly referring to Upham's little enterprise and his "quality" products and actually it was the people up North who bought the souvenirs.It's not the Yankees who would have been using them.
Even if true, I think a million or so counterfeit notes would have been lost without a ripple in the sea of red ink, that the confederate economy was riding on..Years after the war ended, Upham claimed that he had printed 1,564,000 bogus notes between 1862 and 1863. He also boasted that Jefferson Davis had offered a reward in gold for his body, dead or alive. Don't know if there is any truth to his Jefferson Davis claim.
The sources I have checked all quote Upham’s $50,000 in souvenir bills claim. That would have been 10,000 $5 bills, which is a believable number. I can’t imagine that there is a way to quantify the number & denomination of bills printed by others. I am unaware of any way to differentiate between an Upham bill & a CSA bill.I don't understand why these counterfeit notes are so rare as to make them collector's items. If Upham printed over a million of them there should be thousands still in existence.