|Now you can own a genuine artifact from one of the most significant periods in American history - the Civil War! This $20 "premium" bond from New Orleans was issued under an elaborate plan devised by mayor Edward Pillsbury in an attempt to pay off the city`s post-war debt, which is estimated to have been around $22 billion. The bonds would bear 5% interest annually from 1875 to 1925, and were redeemed quarterly based on a lottery drawing. Twice yearly, additional prizes were also awarded.
Bigger than large-size paper money!
This intricate bond was printed by the American Bank Note Company of New York, a company renowned for its detailed engravings on early American paper money. Your $20 bond measures 3-7/8" x 7-7/8" and is individually hand signed and hole canceled. But don`t delay - our supply of these historic bonds is limited, and it`s unlikely we`ll be able to get more. Buy one for your collection today!