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My first Eliasberg arrived today
Alltheabove76
Posts: 1,536 ✭✭✭✭
Alltheabove76
Posts: 1,536 ✭✭✭✭
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Hoard the keys.
Not really looking for much these days but if I were, it might be a toner.
Steve
<< <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.
That's a nice one.