Major Find! Dallas TX Rare Coin Hoard Auction 20.2
By Key Date Coins
Contact auction house
May 21, 2024
148 Route 73 Suite 3-184 Voorhees, NJ 08043 USA, United States
Terms of sale
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The auction has ended
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LOT 75:
Dec. 2, 1862 Confederate States $500 Civil War Loan Bond Grades. In 1861, seeking funds for their war effort ...
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Start price:
$
300
Estimated price :
$200 - $400
Buyer's Premium: 18%
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Dec. 2, 1862 Confederate States $500 Civil War Loan Bond Grades. In 1861, seeking funds for their war effort, the newly formed Confederacy began offering bonds to its citizens. The bonds seemed a good investment to the constituents of the confederacy and proved popular, with many varieties being issued. However, with the confederacy's defeat in 1865, none of the bond buyers would ever recieve their promised return. These bonds that once became worthless (and were frequently disposed of) are now rare and valuable paper artifacts of the Civil War. This particular loan bond measures 16 x 8.5 inches, and was issued for $500 at 6% interest.
