Civil War Date Confederate Bond - $1000 Bond - Issued September 8th, 1862 - Mar 05, 2024 | Jg Autographs In Ma
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Civil War Date Confederate Bond - $1000 Bond - Issued September 8th, 1862

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Civil War Date Confederate Bond - $1000 Bond - Issued September 8th, 1862
Civil War Date Confederate Bond - $1000 Bond - Issued September 8th, 1862
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Item Details
Description

Details:

In an attempt to fund the war effort in 1861, the Confederate States of America (CSA) sold bonds worth $150 million in the so-called Bankers Loan. After tapping various avenues of taxation and debt, and failed efforts in collecting goods in exchange for currency, taxes were allowed to be paid in inflated state currency. Consequently, government paper money fed inflation, which served as an inverse tax on Confederate citizen. This domino effect created a state of distress from which the Confederate economy never recovered. 

$1000 Confederate Bond featuring 33 attached coupons, issued September 8th, 1862, signed by the Register of the Treasury.

Overall light toning, some wrinkling, fold lines, else fine.


Authentication:
Includes a full letter of authenticity from JG Autographs, Inc.

Premium:
A 25% Buyers Premium Will Be Added to All Winning Bids

Reference sku: 11182 1394326-1


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  • 25%

Civil War Date Confederate Bond - $1000 Bond - Issued September 8th, 1862

Estimate $75 - $100
See Sold Price
Starting Price $25
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Item located in Danvers, MA, us
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