500 500 EIGHT CENT JULY 1st. 1868. CONFEDERATE. No. STATES of AMERICA No. LOAN LOAN Authorized BY THE Art Congress. C.S.A. of February 20, 1863. On the 1st. day of July, 1868, the CONFEDERATE STATES OF AMERICA will-- pay to the Bearer of this Bond, at the seat of Government, or at such place of deposit-- as may be appointed by the Secretary of the Treasury, the sum of Five Hundred Dollars, with interst thereon from date, at the rate of Eight per Cent per annum. Payable semi-annually on the surrender of the annexed Coupons. This Contract is authorized by An Art of Congress approved February 20 1863. Entitled "An Act to authorize the issue of Bonds for funding Treasury notes, "and is upon the Express condition that said Confederate States may from time to time extend the time of payment for any period not exceeding thirty years from this date, at the same rate of interest, upon the surrender of the Bond. In Witness Whereof the Register of the Treasury, in pursuance ofsaid Act of Congress, hath hereunto set his hand an affixed the seal of the Treasury at RICHMOND, this 2nd day of March, 1863. ENTERED ______________________   RECORDED _____________________ REGISTER OF THE TREASURY 500 500 C.S. LOAN. FEBy. 20. 1863 C.S. LOAN. FEBy. 20. 1863 THE THE CONFEDERATE STATES of AMERICA CONFEDERATE STATES of AMERICA WILL PAY TO BEARER WILL PAY TO BEARER $20 $20 TWENTY DOLLARS TWENTY DOLLARS For Six Months Interest Due July, 1st 1867. For Six Months Interest Due Jany, 1st 1868. ON BOND No.___________________for $500 ON BOND No.___________________for $500 For Register of the Treasury______________ For Register of the Treasury______________ C.S. LOAN. FEBy. 20. 1863F C.S. LOAN. FEBy. 20. 1863-- THE THE CONFEDERATE STATES of AMERICA CONFEDERATE STATES of AMERICA WILL PAY TO BEARER WILL PAY TO BEARER $20 $20 TWENTY DOLLARS TWENTY DOLLARS For Six Months Interest Due July, 1st 1867. For Six Months Interest Due Jany, 1st 1868. ON BOND No.___________________for $500 ON BOND No.___________________for $500 For Register of the Treasury______________ For Register of the Treasury______________

(c) Pocumtuck Valley Memorial Association, Deerfield MA. All rights reserved.
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label levels:

There is currently no available "Beginner" label. The following is the default level label: Both the Union and the Confederacy had problems funding their enormous Civil War efforts. One way both governments had to raise revenue was by selling war bonds. Although the bond pictured here was printed, it was never sold. That was a typical problem for the south, since it was never able to fully fund its war effort. Beneath the main bond are printed coupons. These coupons would be clipped off and taken to a post office or other government office. The government then paid the interest it owed on them. At the end of the war and the surrender of the Confederacy, all Confederate bonds became worthless.

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Confederate bond

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