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Auction: 18019 - Bonds and Share Certificates of the World Online Auction
Lot: 436

USA: Confederate States, a group of 4 scrip certificates for bonds to the value of $10,000 each, issued by the National Safe Deposit Co. Ltd., in London, 188[7], black, red oval duty stamp (Criswell 175; Ball page 240). Bondholders eager to obtain repayment of Confederate bonds, in default since the surrender in 1865, submitted their bonds to the company to be held by a group of trustees. The legal action of course failed. The deposited bonds found their way to Coutts Bank as successors to the company who honoured these deposit forms and returned bonds to holders. Unclaimed bonds, some 75,000 in all, were sold by Sotheby's in one lot in 1987. GVF (4).

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Sold for
£40