Extremely Rare 0 Interim Deposit Receipt – Charlottesville, Virginia

Description

Extremely Rare 0 Interim Deposit Receipt – Charlottesville, 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 “
Charlottesville
Office
” in Virginia on “
March 7
186
4
”. The body of the document states
"This will Certify, That
R. M. Durrett
(?)
has paid in at this office
Two 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
fund, tax and
limit the currency
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. P. Abell
” in his capacity as
“
Depositary
” (prior to his appointment, Abell was cashier of the Monticello Bank). 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 The back of the piece, as originally made, was blank, though it now bears the very faint remnants of a faded manuscript transfer. According to the latest research work on the subject, it is estimated that approximately 125 of these certificates were originally issued, though the authors list it as R-12, indicating that they believe only 6 to 10 pieces still exist. While not technically a Confederate bond, these pieces make a great addition to any bond collection.
The presently offered document exhibits signs of significant period use, as well as the effects of less than ideal long-term storage. Toning is present across the entire surface, imparting a dull, dirty pink 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 the design). Much of the manuscript material has almost disappeared, though the recipient, amount, and change in the wording has remained sharp and bold (the exact reason for this is unknown to the seller, though it may be related to a different type of ink being used). This fading of the manuscript portions is also noted on the endorsements on the back, causing several of them to be undecipherable. Significant staining and foxing is scattered across the surface, seemingly heavier at the right end. Numerous folds, both horizontal and vertical, can be seen, with several of them affecting the integrity of the paper. The margins are somewhat irregular, a not uncommon situation given that these were cut from a larger sheet with shears. Several pinholes are scattered throughout the piece, though none of these is particularly large and most are visible only when the piece is held to the light.
Any additional questions concerning the condition of this piece should be addressed before purchasing.
This historic piece measures approximately 4 x 8⅜ inches and would frame nicely with a period bond or illustration of Charlottesville. While not particularly attractive, this piece is an extremely rare and difficult to locate fiscal reminder of this turbulent era. This is your opportunity to add one to your collection.
A .95 charge will be added to the winning bid for postage and insurance.
A .00 charge will be added to any item picked up in person at our physical location.
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