0 Confederate Interim Deposit Receipt – Staunton, Virginia

Description

0 Confederate Interim Deposit Receipt – Staunton, Virginia
Certificates of this type were issued by various depository offices throughout the Confederacy when bonds, which had been sold or committed, were not readily available for issuance (this could be due to printing or transportation problems). This particular specimen is headlined “
Confederate States of America
”, and was issued from the “
Depositary
Office
” in “
Staunton
” (Virginia) on “
Mch 30,
186
4
”. The body of the document states
"THIS WILL CERTIFY, That
Susan Parsons
has paid in at this office
Six Hundred
Dollars, for which amount Registered Bonds, of the Confederate States of America, bearing interest from this date, at the rate of four per cent. per annum, will be issued to him, under the “act to reduce the currency and to authorize a new issue of Notes and Bonds,” approved February 17, 1864, upon the surrender of this Certificate at this office."
. It is signed at the conclusion by
"
A F Kinney
” (Alexander F. Kinney) in his capacity as
“
Depositary
”
. The left end of this document bears a rectangular box formed by a decorative border, with “
FOUR PER CENT. PER ANNUM
” printed within. No vignettes are present as these forms were strictly functional and would be redeemed upon issuance of the bond. The back of the piece, as originally made, was blank, though it now bears a mostly faded manuscript addition. According to the latest research work on the subject, it is estimated that approximately 3,300 of these certificates were originally issued, though the authors believe that only between 51 and 100 pieces still exist (it is noted by the authors that most of Kinney’s records and cancelled certificates [which this one is] were burned in a Federal raid on the railroad while they were being transported to Richmond). The authors list this number of extant certificates as very scarce. While not technically a Confederate bond, these small documents make a great addition to any bond collection.
The presently offered document exhibits signs of moderate period use, as well as the effects of less than ideal long-term storage. Toning is present across the entire surface, imparting a dull, somewhat dirty appearance to the paper. Some fading, possibly associated with the wear and toning of the paper, is noted on some of the printed text (it is also possible that a lack of ink during printing caused some of the loss of this material). Minor staining and foxing can be seen scattered across the surface, though none of these are particularly large or seriously detrimental to the overall eye-appeal of the piece. Several folds are present, as are several light wrinkles in the paper. The margins are somewhat irregular, with the bottom edge being cut into the inner frame-line. Ink corrosion is noted at the manuscript additions, though it appears that no paper has been lost at this time. An “X” punch cancellation can be found at the lower right, with one arm affecting a few letters in the signature. This historic piece measures approximately 3⅞ x 8¼ inches and would frame nicely with a Confederate bond or period illustration of Staunton, Virginia. A difficult to locate fiscal reminder of this turbulent era. This is your opportunity to add one to your collection.
Any additional questions regarding condition should be addressed before purchasing.
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If you have any questions regarding this item, please ask before purchasing.
Buy or Bid with Confidence – American Coins & Collectibles President Richie Self has worked 6 years as a paper money grader/authenticator. He has contributed to numerous reference books within the industry, as well as being a co-author of “The Comprehensive Catalog and History of Confederate Bonds, 2
nd
Edition” with Douglas B. Ball, Ph.D., Henry F. Simmons, M.D., Ph.D. and James R. Desabaye. Mr. Self is a life member of the American Numismatic Association, the Society of Paper Money Collectors, as well as numerous regional numismatic associations. He is an authorized submitter to NGC, PCGS, and PMG, a diamond founding member of Coin Dealers Helping Coin Dealers and a supporter of the Industry Council for Tangible Assets. American Coins and Collectibles can be found at many of the state and local coin shows.
American Coins and Collectibles
Shreveport, LA