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<p>[QUOTE=&quot;Quant.Geek, post: 2327031, member: 74799&quot;]Just spotted this thread.&nbsp; Granted I am not a big scripophilist (actually won&#039;t consider myself one), I do have several Bonds and Certificates that I bought as part of an extension to my Colonial and Confederate Paper Money collection.&nbsp; I am, however, on the lookout for one particular Bond that is classified as the world&#039;s first convertible bond.&nbsp; Would love to have that for my collection.&nbsp; Here are a few of my prized possessions, the Massachusetts Commodity Bond which is classified as the world&#039;s first inflation-linked bond and the Erlanger Cotton Loan of the Confederate States that has several interesting characteristics of its own.&nbsp; This bond made blockade-running extremely profitable as the bond allowed cotton to be collected at an extremely low cost, instead of collecting interest:</p><p><br /></p><p><b>Massachusetts Commodity Bond £750 January 1, 1780 (Anderson MA-22) </b></p><p><br /></p><p><img src="http://www.forumancientcoins.com/gallery/albums/userpics/36484/Anderson_MA-22_Front.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><img src="http://www.forumancientcoins.com/gallery/albums/userpics/36484/Anderson_MA-22_Rear.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p><br /></p><p><b>Confederate States of America: £100 1863 Erlanger Bond (Ball-156; Criswell-116)</b></p><p><br /></p><p><img src="http://www.forumancientcoins.com/gallery/albums/userpics/36484/Ball-156_Front.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><img src="http://www.forumancientcoins.com/gallery/albums/userpics/36484/Ball-156_Rear.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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