$10,000 Confederate States 4% Bond – Criswell 162F, Ball 349a

Description: $10,000 Confederate States 4% Bond – Criswell 162F, Ball 349a Offered for your consideration is a $10,000 bond prepared for issuance by the Confederate States of America under the Act of February 17th 1864, though never actually released. It was listed by the late Grover Criswell as Cr. 162F and by the late Dr. Douglas Ball as B. 349a. This bond bears no vignettes, only a short financial obligation, presented in easily readable type. It states that “In pursuance of the authority conferred upon the Secretary of the Treasury by the seventh section of the act of Congress entitled “An act to reduce the currency and to authorize a new issue of notes and bonds,” approved February 17th, 1864, the Confederate States have borrowed from TEN THOUSAND DOLLARS, payable on demand.”. It further states that “The said sum to bear interest at the rate of FOUR PER CENT. PER ANNUM from the date indorsed hereon, until paid. And to secure the same, an amount of bonds issued in conformity with the sixth section of said act, equal to the sum, is hereby hypothecated.”. It was signed and sealed at “… the Treasury, at Richmond, the 2 day of Sept 1864 …” by “C. A. Rose” in his capacity as an assistant “for REGISTER”. A decorative border appears at the left, with the interest rate being repeated at the center. A manuscript notation, penned vertically at the center, reads “Redeemable at / Columbia S. C.”. The back of this piece, in common with most documents of this type, is blank. This bond is printed in period black ink on pink paper, with the manuscript additions being accomplished in iron gall ink. Though not stated on the bond, it is known that this issue was printed by Ritchie & Dunnavant of Richmond, Virginia. Confederate financial records indicate that approximately 354 bonds of this type were issued, though the number printed that were never fully issued is unknown (this bond, however, is serial number 772). A fantastic opportunity to add one of these pieces to your collection. Charles A. Rose served as one of two assistant registers, the other being E. Apperson. Little is known of him except that he was 53 years old when he was appointed in 1863 and was a Richmond notary public. He had worked for the treasury department earlier, with his initials (CAR) appearing on numerous bonds. Following his appointment, Rose remained as an assistant register until the close of the war. The presently offered specimen exhibits signs of very light period use and subsequent storage, the most obvious being the light toning across the entire surface and the ink corrosion at the manuscript additions. This toning is slightly darker at the edges and around the printed and manuscript material. Several small folds are present at the upper right, though these have not seriously impacted the integrity of the paper. Ink corrosion, as noted earlier, has seriously affected the document due to the acidic nature of the ink and the poor quality of the paper. This corrosion has caused several small holes among the script, with some associated loss of paper within the circular letters. Numerous thin spots are scattered throughout the design, principally due to what appears to be the paper production. The top edge is somewhat skewed, while the left seems somewhat ragged, as if torn from a large book or register. One dime-sized punch out cancellation can be seen at the lower right, affecting the “A” in Rose’s signature. Measuring approximately 6¾ x 8¼ inches, this historic document would make a great addition to any Confederate bond or general Civil War collection. A $5.95 charge will be added to the winning bid for postage and insurance. A $5.00 charge will be added to any item picked up in person at our physical location. If you have any questions regarding this item, please ask before bidding. Buy or Bid with Confidence – American Coins & Collectibles President Richie Self has worked 6 years as a paper money grader/authenticator. He has contributed to numerous reference books within the industry, as well as being a co-author of “The Comprehensive Catalog and History of Confederate Bonds, 2nd Edition” with Douglas B. Ball, Ph.D., Henry F. Simmons, M.D., Ph.D. and James R. Desabaye. Mr. Self is a life member of the American Numismatic Association, the Society of Paper Money Collectors, as well as numerous regional numismatic associations. He is an authorized submitter to NGC, PCGS, and PMG, a diamond founding member of Coin Dealers Helping Coin Dealers and a supporter of the Industry Council for Tangible Assets. American Coins and Collectibles can be found at many of the state and local coin shows. American Coins and CollectiblesShreveport, LA

Price: 275 USD

Location: Shreveport, Louisiana

End Time: 2024-02-24T21:49:35.000Z

Shipping Cost: 5.95 USD