DescriptionBall 156 Cr. 116 £100 1863 Bond Very Fine.
This is one of the fabled bond issues of the Confederacy as it was floated overseas in London and the Continent with the backing of the Erlanger financial empire. These cotton bonds are very popular with collectors and this is an example of the smallest denomination issued. The European printer started with the £1000 bond denomination, thus the Series D designation on the £100 bond. In the 1960s a relative of the Erlanger family burned the remaining bonds in the family's possession thinking they were worthless paper, thus greatly enhancing the scarcity of the few survivors. This Very Fine example with thirty-six coupons shows some aging and a few small internal splits from folding. This is still a highly collectible, elusive bond. We have now offered only nine examples spread over four different denominations. All of the desirable Erlanger bonds are signed by banker Baron Emile Erlanger and Confederate diplomat John Slidell.
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