On April 29, 1861, Superintendent Elmore forwarded a design to Secretary Memminger. This design was prepared by the New Orleans architectural firm of Messers. Gallier & Esterbrook. The description which accompanied this design is as follows:
"...The principal figure, the Goddess of Liberty, seated, holds in her right hand a staff
surmounted by the liberty copy; her left arm rests on a shield (there being no coat of
arms yet adopted) is shown a portion of the flage of the Confederate, unfurled; to the left of the figure will be observed sugar-cane growing, a bale of cotton, a sugar hogshead, a bale of tobacco; to the right cotton in its various states of growth, as also tobacco. On the reverse side in an endless chain composed of fifteen links; South Carolina, having taken the lead, occupies the top link, and the other link represents, right and left, the other states in the order of their secession; the remaining blank lines are an invitation to the border States to hasten to inscribe their names within the circle. The stars of the confederate States are distinct; those of the border States are in the twilight, but visible, soon, we hope, to stand out as boldly as their neighbors. In the centre is inscribed the monogram, composed of the letters C.S.A.
Judah B. Benjamin proposed that the Government issue a $5 gold coin of the exact value of the English sovereign. "I would call the coin a cavalier. Out golden cavalier would be in French, cavalier d’or; in Spanish, Caballero d’oro; in Italian, cavaliere d’oro. We would have $5 and $20 pieces called cavaliers and quadruple cavaliers."