The Confederate Army had better things to do than decide how it would award medals to its fighting men. In that era, Americans weren't really into medals and ribbons, as it was considered a very European military tradition. The Civil War changed all that. The brutality of the war, combined with the feats of heroics performed by those who fought it inspired the need for such awards.
That being said, the Confederacy had its heroes as well, but aside from a Confederate Congressional "Roll of Honor," nothing much was ever done in terms of awards and decorations – until the Second Battle of Sabine Pass.
Sabine Pass is a small outlet from Lake Sabine that pours into the Gulf of Mexico, bordering both Texas and Louisiana. During the Civil War, it was a lightly defended Western outpost, far from the central fighting of the war. As a result, the shoddy earthwork fortifications at the pass had mostly old smoothbore cannon to defend it, eight guns in total. But then the French installed a pro-French Emperor in Mexico, opening the possibility for Confederate supplies to reach Mexico by rail, then onto Europe under French-flagged ships, completely circumventing the Union blockade and providing the South with crucial money, arms, and supplies.
The Union sent 5,000 troops, 18 transports, and four armed gunboats to capture the pass and cut the South off from French Mexico. Defending the fort were the Jeff Davis Guards, named for the Confederate President, 47 Irish immigrants from bigger cities in Texas, and well-trained and drilled artillerymen. This was the largest amphibious assault ever taken by the United States until this point so you'd think the Union would have come prepared. You'd be wrong. So wrong.
Only the lightest of the Union ships could enter the river, due to the shallow nature of the entryway. Four steamers and 150 Union sharpshooters were to cross the sandbars then take out the fort and its guns so the rest of the Union force could take the town and then move on to Houston. That never happened. Instead, accurate cannon fire from the fort hit one of the steamers in her boiler, disabling another and grounding the USS Arizona. The two ships surrendered, and the rest of the invasion force ended up running back to New Orleans.
In all, the battle last 45 minutes. The Davis Guards fired 137 rounds from their eight guns, dwarfing the Union's rate of fire and ensuring those guns couldn't be used for weeks after the battle. The handful of Confederates then went to capture the Union troops on the disabled ships, taking 315 Union troops prisoner. The Union forces suffered a further 19 killed and nine wounded at the cost of zero casualties to the Confederates. It was the most lopsided victory of the war.
Richard Dowling, commander of the Davis Guards, wearing his medal.
Grateful Texans decided to reward the men for not only staying at their posts in the face of overwhelming odds, but for actually winning. They cast medals from Mexican silver coins, engraving "DG" on one side with a Malta Cross and the date of the battle on the other. It was hung on the uniform by a green ribbon, representing the Irish heritage of the fort's defenders. In all, 47 were awarded to the men, with two more awarded to their officers, and one struck just for their namesake, Jefferson Davis. Davis ensured the Confederate Congress authorized the medal for wear, the only medal so authorized.
The President had his on him when he was captured after the war's end.