This is a 7% registered bond issued by the Confederate States of America. When the war began in 1861 the south faced tremendous financial difficulties. Beginning in 1861, and continuing through the wars end, the Confederate government issued a series of bonds. These bonds were directly tied to the value of the South's major export product, cotton. In 1860 the south produced more than four million bails of cotton, with about three fourths of these bails being exported to Europe. One half of these exports were sent to England. When the war broke out the south looked to England for weapons and supplies and these bonds financed these purchases. From 1861 to 1864 Richmond authorized 13 different bond issues. These were subdivided into several types of bonds, resulting in more than 150 different Confederate bonds being created. Each bond had interest coupons attached to them. The coupons were redeemable at set times, typically six month intervals. At the end of the bond's term the bearer would be paid the full face value of the bond. The bonds were redeemed at the CSA Treasury or one of it's branches. Each bond had either two signatures and a set of initials or one signature and two sets of initials. These represented the Confederate officials who recorded and authorized the issuance of the bonds. Each bond had a serial number that was also printed on the coupons. This is a 7% registered bond for the amount of $100 Confederate dollars. The bond measures 14" wide and 14" high. The serial number is 31720, and was to be paid in full July the 1st, 1868. The bond was approved 20 February, 1863 and was to draw the first interest payment on 1 Jan, 1865. This bond remains in very good condition, with all the edges crisp and undamaged. The initials of the officials entering the bond and recording the bond are very legible. The signature of the register of the Treasury is clear, but not recognizable. If you collect Confederate documents, especially currency, this bond will be a welcomed addition.

Item # AA1331

(Sold)