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    Bonham, TX- $246 Exchange Certificate Dec. 26, 1864.
    This is a very interesting and rarely seen piece of Confederate financial history from an outpost on the Texas frontier. Exchange Certificate No. 1277 C.S. Depositary's Office Bonham, Texas Dec. 26th, 1864. This certifies that I.S. Richardson has deposited in this office, two hundred and forty six dollars of "Old Issue" Treasury Notes, to be exchanged, on his order, for two-thirds of that sum in "New Issue" notes, under Act of Congress of 17th of Feb'y, 1864, when this office shall be supplied with funds for the purpose, and on surrender of this certificate. Value $166 New Issue. "New Issue" notes (the February 17, 1864 issue) were exchanged at a lesser rate for older notes as an attempt to curb inflation. It looks like the clerk's math was $2 off and anyway, Mr. Richardson must have never surrendered this certificate to get his money, thus a boon for today's collectors. Very Fine.

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    Auction Dates
    September, 2008
    17th-21st Wednesday-Sunday
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