1870s State of Louisiana 'Baby Bonds' $5 XF (#29) (Sheet of 4)
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Currency Highlights:
Add this $5 State of Louisiana Baby Bond to your cart today!
The 14th Amendment to the Constitution of the United States outlawed the use of any currency not issued by the federal government. However, in the 1870s, the State of Louisiana, still licking it wounds from the defeat in the Civil War, tried to outsmart the government by producing bonds with interest bearing coupons. The "Baby Bond" is the most famous and sought after of these "bonds." These bonds were bought by parents and relatives and at maturity were worth $5. They paid annual interest of 7.5 cents! This has four coupons still attached.
This 1870s State of Louisiana Baby Bonds $5 is an uncut sheet of 4 in Extra Fine condition. This is an affordable addition to any collection!
Currency Highlights:
- Beautiful and important bond issued by the State of Louisiana.
- Housed in an archival quality currency sleeve.
- Extra Fine condition.
- Face: Beautiful vignette of a cute baby on the bottom right. Four unused coupons are on the far right.
- Back: A beautiful engraving with the word "LOUISIANA" in the middle between two "5s". The amount paid to the bearer upon maturity. Beautiful engravings are also on the back of each individual coupon, numbered 8-11.
- Uncut sheet of 4!
Add this $5 State of Louisiana Baby Bond to your cart today!
The 14th Amendment to the Constitution of the United States outlawed the use of any currency not issued by the federal government. However, in the 1870s, the State of Louisiana, still licking it wounds from the defeat in the Civil War, tried to outsmart the government by producing bonds with interest bearing coupons. The "Baby Bond" is the most famous and sought after of these "bonds." These bonds were bought by parents and relatives and at maturity were worth $5. They paid annual interest of 7.5 cents! This has four coupons still attached.
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