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<p>[QUOTE=&quot;Quant.Geek, post: 2327454, member: 74799&quot;]Glad you like them.&nbsp; They represent an important part of our country&#039;s history.&nbsp; The European-issued Confederate Bond was the mastermind of Erlander who convinced the Confederate Government to issue these notes to fund the war effort in Europe.&nbsp; The collateral was several bundles of cotton that the Confederate Government held, but the problem was that the Union blockade was very effect and hence made Southern Cotton nearly impossible to export. A lot of European investors lost A LOT of money once the Confederacy fell.&nbsp; They tried to get the US Government to honor these bonds, but to no avail.&nbsp; British Bondholder Committee was formed to pool all of the outstanding Confederate Bonds purchased by England with an attempt to collect on them. Bondholders would deposit their bonds into an account and were given this Scrip Certificate in exchange, but the ratification of the 14th Amendment killed all that notion as all debt that the Confederacy owed was lost as per Section 4 of the amendment.</p><p><br /></p><p><b>Confederate States of America: $10,000 1884 Scrip Certificate (Cr. 175)</b></p><p><br /></p><p><img src="http://www.forumancientcoins.com/gallery/albums/userpics/36484/Cr_-175_Front.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://www.forumancientcoins.com/gallery/albums/userpics/36484/Cr_-175_Rear.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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