Last Confederate States of America $ 1000 loan Certificate- Richmond - General Beauregard
Stock, Bond & Notes
Last Confederate States of America $ 1000 loan + Cp Richmond 1862 USA Beauregard. Original Loan with 31 coupons( first 7/1865), Richmond November 1862, with engraving of General G.T. Beauregard. With elaborate engraving and ornate borders, 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. So 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 totally destroyed the savings of many confederate families. Over the following decades, most of the worthless bonds were destroyed. Very good example of the Last Confederate States of America $ 1000 loan, complete with fully attached redemption coupons, in very good condition.Item #16798
Price: $220.00
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