Description:

STATE OF LOUISIANA $5.00 'BABY BONDS'
Fine lot of nine near-mint condition State of Louisiana $5.00 'Baby Bonds', Series 1878, each 5 1/8 x 3 1/8 in. By the end of the Civil War, the federal government imposed a hefty tax on state bank notes. The State of Louisiana was able to cleverly avoid paying the tax by issuing bank notes disguised as bonds with interest-bearing coupons, such as the $5 'Baby Bond' - so nicknamed because of the picture of the baby engraved on the face. The public knew they were worth the same as federally approved currency, so they were used throughout Louisiana like regular bank notes.

Accepted Forms of Payment:

American Express, COD (cash on delivery), Discover, MasterCard, Money Order / Cashiers Check, Paypal, Personal Check, Visa, Wire Transfer

Shipping

*SEE ADITTIONAL SHIPPING ABOVE* -Shipments are sent via FedEx and DHL (for most overseas shipments) or FedEx Ground at the auctioneer's option. Due to complications from the ongoing COVID-19 pandemic, we will ship with USPS Priority Mail only if the buyer submits their request to us in writing and accepts responsibility for delayed shipments. Signature is always required, unless other arrangements are made. Handling and shipping charges will be added to the invoice in one entry. Buyers should be aware that large, framed, fragile or odd shaped items can incur substantial shipping and packing charges. International shipments are invoiced by DIMENSIONAL weight, not the item weight. Please contact us for an estimate before bidding NOTE: Large, heavy or bulky items may not be shipped by the auctioneer - arrangements for shipping of these items via a third-party shipper may be arranged through the auction house. Customers who supply their own courier account number will still be charged a handling fee. Please allow 2-3 weeks for shipments after receipt of payment due to the high volume of packages being shipped.

December 6, 2024 10:00 AM EST
Elkton, MD, US

Alexander Historical Auctions LLC

You agree to pay a buyer's premium of 25% and any applicable taxes and shipping.

View full terms and conditions

Bid Increments
From: To: Increments:
$0 $99 $10
$100 $499 $20
$500 $999 $50
$1,000 $1,999 $100
$2,000 $4,999 $250
$5,000 $9,999 $500
$10,000 $19,999 $1,000
$20,000 $49,999 $2,500
$50,000 $99,999 $5,000
$100,000 $999,999 $10,000
$1,000,000 $1,999,999 $50,000
$2,000,000 + $100,000