Watch List notes:

Confederate, 1863, 7% Cotton Loan. Confederate States of America, Issued and uncancelled bond. Series B. £ 500-12,500 Francs-20,000 lbs. Cotton. Allegorical woman holding Confederate flag with cotton bales and ships at sea behind her. Coupons attached. Signed by Emile Erlanger. Coupons attached. XF condition. Bond # 162. Rare confederate bond in exceptional condition.

Estimate: 600 - 1200