Result list 5 November 2022

Here are the results of our 5 November 2022 sale. Unsold items can be purchased in our after-sale at the start price plus 20% sales commission (+ VAT/Postage if applicable). First come, first served. Offer valid until 4 Dec. 2022.

Lotnumber: 624
LONDON/PARIS. 7% Cotton Loan of £500=F12.500. Serie B. Cat. Cr.118/Ball 158. black. No 658. Folds and a few faint brown spots. Popular cotton loan of £500 or 20,000 lbs of cotton, of New Orleans middling quality. As Confederate currency was worthless in Europe, these bonds became the de facto currency used by the South when purchasing ships, supplies and other war material abroad. These bonds were sold in London, Liverpool, Paris, Amsterdam and Frankfurt and raised £1,759,894 ($8,535,486). They were redeemable for Confederate government-owned cotton in the Confederacy itself. This last clause was a critical catalyst in stimulating blockade-running, because the holders of these bonds had to risk the Federal blockade to convert them into a tangible commodity. Text in English and French. Signed by John Slidell, the well-known Confederate commissioner.
Date: 1 June 1863
Quality: VF
Startprice: € 300