FREE: rare confederate 1000 dollar war bond 1864

iam going to bid on this , but i have 1 ? it says 1000 dollar bond , but shows in the picture 30 dollars , ? just curious lol , fanned you too ,

I can see how that could be confusing so I will put everything it says on here.

on the left side it says one thousand dollars. the right side says six percent per annum. T top says loan under sec.6 of act of Feb.17th 1864. Then below that it says The Confederate states of America will pay to the bearer THIRTY DOLLARS for six months of interest due Ja

an1st1865 on bond N. 0827 for $1000 the signature looks like it says Taylor. I hope this help you and thanks for bidding. Fanned you

cool! ill be watching(:

The Taylor signature on there is US President Taylor's son Robert (or Richard? I forget which). He was the treasurer of the Confederacy. I have several of these and they are quite rare. Not many cut off singles survived. The original bond was printed on most of a sheet of paper and the tickets at the bottom were made to cut off and cash in. You couldn't cash in the certificate until after the war (and then they were worthless) but you could cut off a ticket and cash in some of the interest or just use it as cash.

that is awesome! thank you. I was not sure about the signature. I like this even more now.

that's awesome! Good luck.

cool man, good luck!!

kyle that pretty cool, just wondering was he your great great great grandfather or uncle?

This is a coupon off of a Confederate $1,000 bond 6% bond. Buyers of the bond would clip off the coupon and get their semi annual interest of $30 Confederate money. The bond itself is rather large and had 60 coupons with first interest to be paid on Jan 1, 1865, second July, 1865, so on every six months until july 1, 1894. Unfortunately, the Confedate government never made it beyond the Jan 1, 1865 payment. In Southern states with currency in short supply people would trade the coupons hoping for future payment. I purchased a complete bond in England where the Confederate government sold a lot of them to British banks and firms due to high interest rate and the British anticipating the South winning or at least getting their independence. All coupons are dated as to when the interest coupon could be cashed in but your picture was to fuzzy for me to make out the redemption date. While not a $1000 Confederate bond it is a coupon from such a bond and probably was used as currency during the war.

I read above your coupon was dated for a Jan 1, 1865 payment so it probably was used as currency since the war made it difficult if not impossible to get to place to get the money so they traded the coupon as money. Coupons with dates after Jan 1, 1865, were traded like IOU's with future payment going to be it was hoped from the independent Confederate States of America after the war was over--obviously coupons for many years out would be traded at a deep discount to $30 future payment.