Confederate States of America 1864 - CSA No Denomination Archival Watermarked Paper
Unlike printed notes, this specimen preserves the raw paper substrate before engraving and overprint were applied. The absence of denomination and serial number confirms its role as base security stock rather than a finished instrument of circulation. The watermark is impressed directly into the paper fibers during manufacture, serving both as anti-counterfeiting protection and as an assertion of Confederate governmental authority. Read more →