DescriptionWashington, AR- $1500/$1000 Exchange Certificate Dec. 29, 1864 Tremmel AR-27.
This is a very interesting and rarely seen piece of Confederate financial history that reads, Exchange Certificate No. 4517 C.S. Depositary's Office Washington 1864. This certifies that Ezekiel Kinsworthy has deposited in this office, fifteen hundred 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 $1000 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. Mr. Kinsworthy must have never surrendered this certificate to get his money, thus a boon for today's collectors. We have been able to offer very few of these over the years. Edw(ard) Cross was the depositary at Washington, Arkansas and Washington was the capital of Arkansas from 1863-65. This piece were printed by E.M. Cushing & Co. in Houston. A valuable reference for this type of material is Confederate Treasury Certificates A Collector's Guide to IDRs by George B. Tremmel, Pierre Fricke, and John Martin Davis, Jr. Very Fine.
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