City of Jefferson, MO - State of Missouri (Missouri Defence Bond) Act of November 5, 1861 $100 10% Coupon Bonddue January 1, 1865Jan'y 1, 1862 Cr. 61A. Very Fine. The sale of bonds formed a key component of early state war financing. Missouri issued only large-format coupon bonds from this November 5, 1861, Act with different final redemption dates (this is considered a \"Three-year Bond\"). Most were due well after the losing war efforts. Though dated from the City of Jefferson capital, the Confederate leaders were of course in exile in the southwestern parts of the state not under Union occupation or influence. Note the prominent CONFEDERATE STATES OF AMERICA incorporated into the titles. Some of the early Confederate-payable scrip notes were backed by bonds from this act (see the Clintonville or Montavalo, Vickers & Adcock bills in this sale). All the bonds share a common layout, but were printed on cream or blue paper (similar to that used on State of Missouri currency notes). Printed on cream paper, without printer name (style of A. Malus) by John Douglas, who was an engraver and lithographer located at \"10 Camp St. N.O.\" (seen at the base of the vignette). The common vignette at the upper right has the Missouri Arms encircled by agricultural and transportation motifs. Titles are to the left with the obligation below. Ends have the corner denomination, Act date, and receivable clause. A large red \"$100\" protector is across, and an embossed seal is at the left. Written date. No. 1657. Signed by W. Shields as commissioner and countersigned by Confederate General C.[laiborne] F.[ox] Jackson (likely, secretarial). Complete, with five signed and numbered $5 coupons at the bottom. A rare bond, superbly embossed seal, and very choice grade. These are much rarer than most Secessionist issued notes. An underrated Confederate-era fiscal piece. Ex: Eric P. Newman Numismatic Education Society \n\n
From Newman VIII (Heritage Auctions, 11/2017), lot 29595, realized $150. Image and description courtesy of Heritage Auctions, https://ha.com.
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