Two 1863 Confederate Loans, $500 and $1000. Very Attractive

A pair of 1863 Confederate Loan Bonds. Both documents have flattened folds, with some separations at the folds or edges. One has tape on the verso which has repaired some of the separations. There is a small hole in the other bond, with an uneven bottom edge from removed tickets. Overall very good.

The first, measuring 14" x 17", Richmond, dated March 2, 1863, is a $500 loan. It has been left blank and retains all eleven $20 tickets. With a portrait of Secretary of the Treasury Christopher Memminger.

The second, measuring 15" x 14", Richmond, dated March 2, 1863, is a $1000 loan. No. 41450 and signed by "C.A. Rose" as Register of Treasury. This bond has retained six $40 tickets, which have all been signed "S Johnson." With a portrait of Jefferson Davis along with motifs of a steamboat and idyllic scenery. 

Just prior to the outbreak of the Civil War, the newly formed Confederacy started issuing its own currency. The paper money was not backed by gold, but bearers were promised to be repaid after the war, with the government banking on a Southern victory. As the war progressed, Confederate currency became practically worthless, and the Confederacy began issuing loan bonds, in an attempt to raise money to finance its government. Later in the war, due to overprinting of paper money, bonds started being used in an attempt to take some paper currency out of circulation.

This item comes with a Certificate from John Reznikoff, a premier authenticator for both major 3rd party authentication services, PSA and JSA (James Spence Authentications), as well as numerous auction houses.

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