My first Eliasberg arrived today

Alltheabove76

Type2

Nice..

keyman64

Cool! Civil war period, confederacy... Sweet!

kimber45ACP

steveben

that's nice! please explain the october dating. is that mint made?

lostincoins

Hey thats not a coin wrong forum, just kidding that is pretty cool I like it.

ricko

Very nice... congratulations...Cheers, RickO

410a

Seems to me and correction is welcomed, that's a bond. Not much different than today a currency backed by loans, treasuries and the like. The red date is cancellation date. The 5.00 redemption 2 years after a ratification of peace between the Northand t he South. Scary thought.

OldEastside

Cool

Steve

Gemini

I guess the value of these notes went "south" once the war ended .

Staircoins

<< <i>that's nice! please explain the october dating. is that mint made? >>



Most all of the CSA T-60s are found with these red date stamps. By the time these notes were issued in 1863, inflation in the Confederacy was spiraling out of control and every effort was being made to lessen the amount of circulating Treasury notes to address the issue. The red date stamp, termed "voluntary redemption", was one such measure. This informed the holder that they had 12 months from the 1st day of the month shown to exchange these notes for interest bearing bonds, else the notes became payable at zero percent interest 2 years after the ratification of a treaty of peace between the Confederate States and the United States. Obviously, practically all were redeemed for bonds (as indicated by the cross-cut cancellations on this note). It is very unusual to find an uncancelled example of this issue.


Nice note! Thanks for sharing.

Justlooking

Confederate notes, I think, are extremely undervalued. But I have no idea if that will ever change.

That's a nice one.