Lot 24
$1,000 Bond with several coupons, CR-125. Vignette of Jefferson Davis and a view of Richmond. Lithographed by Evans & Cogswell, Columbia, S.C. The first Confederate bonds were issued in Montgomery, Alabama, the then-capital of the Confederate States of America (CSA). The CSA for formally proclaimed in February 1862 by the seven States that had seceded from the United States following the election of Lincoln. The capital was moved to Richmond Virginia in May 1861. Meanwhile four other states joined the Confederacy and two other States had both Confederate and Union government factions (Kentucky and Missouri). Maryland had pro-secession feelings but Lincoln arrested or barred the strongest pro-Southern State legislators from their constitutional duties to prevent enactment of a secession declaration. Maryland did provide many units that fought with the Confederacy against the Federals. In addition there was the Territory of Arizona encompassing much of today's States of New Mexico and Arizona. After secession, the seceding States called for the US to abandon their military bases in their territories. In April 1861, Lincoln sent a replenishment ship to Fort Sumter in the harbor of Charleston South Carolina. This caused the bombardment of Fort Sumter and launched the War for Southern Independence. These bonds were issued to support the Confederate Government and for defense of their territories from Northern aggression. Confederate bonds were first cataloged by Grover Criswell who issued his Confederate and Southern States Bonds in 1961. Later Douglas Ball published his Comprehensive Catalog and History of Confederate Bonds in 1998. Each has its own numbering system, both of which are referenced to the particular bond pictured. These bonds were issued with semi-annual coupons that the bondholder could cash from the bond's issuance to its expiration. Many of these bonds had coupons that were payable as late as 1894. Many of these bonds are found with stamps on the rear indicating certain overseas Bond Holders organizations hoping that the USA would pay off the Confederate bonds. The Fourteenth Amendment to the US Constitution enacted on 9 July 1868 forbade recognition of Confederate debt: "But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, ... but all such debts, obligations and claims shall be held illegal and void." We describe all items to the best of our ability as we are not experts on everything. Please ask specific questions on details or condition prior to bidding, ALL ITEMS ARE SOLD AS IS. We box and ship to keep costs low. We do not use a packaging service, unless the costumer prefers us to use them. We can ship either USPS or UPS.
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Dimensions:
- 13.5" x 11" and 18.5" x 22.5" framed Condition:
- Excellent Condition
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| From: | To: | Increments: |
|---|---|---|
| $0 | $49 | $5 |
| $50 | $99 | $5 |
| $100 | $199 | $10 |
| $200 | $499 | $25 |
| $500 | $999 | $50 |
| $1,000 | $2,999 | $100 |
| $3,000 + | $250 |