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This is a $500 Confederate bond. 1861

$325

$400

Ships for $4.49

Last updated about 2 months ago in Westport, MA

Condition: Used (normal wear)

Listed in categories: Collectibles & Art - Collectibles - Coins & Money

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Details

Composition: Paper
Circulated: Circulated
Certification: U.S. Mint

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Description

This is a Confederate States of America $500 bond issued on May 24, 1862, during the American Civil War. These bonds were issued by the Confederate government to raise funds for the war effort. The bond promises to pay the bearer $500 with an annual interest rate of eight percent, payable in January 1868. The bond was authorized by an Act of Congress C.S.A. on August 19, 1861. These bonds are now considered historical artifacts and are collected by those interested in Civil War memorabilia. The bonds were issued in Richmond, Virginia, which served as the capital of the Confederacy. The vignette on the bond features a seated woman with a ship and bales of cotton, symbolizing commerce and the agricultural economy of the South.

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