NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2023 May 22 @ 17:15UTC-04:00 : AST/EDT
1861 Confederate States 100 Dollars Loan Interest Certificate No. 1074 Grades. At one point, Sotheby's Auctioned 75,000 to 90,000 Confederate Loan Certificates in a single lot. This hoard belonged to the Confederate States of America Bondholders Committee. This group, organized in London in the fall of 1865 to promote the redemption of Confederate bonds held by English and Continental investors, was active for several decades following the War Between the States. Their task was, of course, futile from the start, since payment of any Confederate debt by the (J.S. Government, or by any State, is expressly prohibited by the 14th Amendment to the (J.S. Con¬ stitution. Once this came to be realized, the bonds, carefully rolled in bundles, wrapped in brown paper and packed in boxes, lay in storage, almost but not quite, forgotten. They narrowly escaped destruction on two occasions, once in the early 1900’s when the River Thames flooded, and again in the 1940’s during the German bombing of London. The hoard, of a face value estimated at $60,000,000, consists entirely of CSA coupon bonds; there are no registered bonds, non-taxable certificates, call certificates or state bonds. They date from 1861 to 1864, and about 100 Criswell numbers are represented. A Key Date's Pick, Bid to Win Coin
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148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
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| From (Incl.) | To (Excl.) | Premium |
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Infinite |
21% |
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