Stock, Bond & NotesConfederate States of America $ 1000 loan Bond with Coupons, Richmond, 1862. Original Loan with 23 coupons (first 8/1865), With elaborate engraving and ornate boders, Richmond, October 1862. When the Civil War broke out, the newly-formed Confederate States of America needed to create a monetary system to finance the government and the war effort. To raise money to finance its government, the Confederate States of America issued bonds. This bond dates from late in the Civil War, when printing too much paper money had created rampant inflation. The Confederacy began issuing bonds. After the Confederacy's defeat, the U.S. government refused to cover Confederate debts, making the bonds worthless as debt instruments or market securities. its bonds had no value and this bankrupted many confederate families. Over the following decades, most of the worthless bonds were destroyed. Very good example, complete with fully attached redemption coupons, in very good condition.