Sunday, July 31, 2011

Collectible Confederate Bonds

On Tuesday, November 24, 1987 Sotheby’s of London auctioned a large archive of Confederate bonds. The lot was described as “A major and extremely extensive archive of unredeemed bearer bonds issued by the Confederate States of America between 1861 and 1864, comprising over 87,000 individual certificates for numerous Loans authorized by Acts of The Confederate Congress.” This exceptional holding represented the entire surviving portfolio of Confederate Bonds. controlled by United Kingdom Trustees since the 1880s. The original objective of the Trustees was to get the Southern States debt paid following the Civil War. Of course, this dream had long since been abandoned.

One of the key collectors of Confederate bonds in the U.S. in the 1980s and 90s was Frederick R. Mayer of Denver, Colorado. His goal was to create world class collections that could be turned into books or catalogs, thus adding to the knowledge and pleasure of future collectors. That is exactly what Mr. Mayer accomplished with his extraordinary collection of Confederate bonds. Many of the great rarities were used to provide the plate illustrations in Ball’s “Confederate Bonds” book.

Recently, we were fortunate to purchase a large segment of Mr. Mayer’s collection of Confederate bonds. If you would like to add to your collection or if you would like to start a collection, this offering will give you an opportunity to buy some great bonds. Please contact us ask for George if you would like to build a fine collection of Confederate bonds.

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