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 Replies: 14 / Views: 6,681 |
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Pillar of the Community
United States
7840 Posts |
I can't tell you how long ago I got these, 20 plus years, but as I am gathering things to go on ebay, I found this uncut sheet of four "cancelled" Louisiana Baby Bonds. I did a quick ebay search to see what these were fetching, like all things being auctioned it varies. But I did not notice any "cancelled" versions.   The sheet is too big for my scanner, so the top is cut off, although it is intact. Whoever cancelled these put a punch through the...I guess most obvious spot. The cancellation areas almost look like BB holes, with a couple of tears eminating from the holes instead of a "clean-break" from a punch.  Edited by oih82w8
03/07/2013 08:11 am
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Pillar of the Community
United States
3453 Posts |
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Valued Member
United States
240 Posts |
Remember seeing this in a coin dealers magazine
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Pillar of the Community
United States
814 Posts |
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Valued Member
United States
137 Posts |
I don't think I have seen cancelled ones before. My guess would be someone added that to make it appear more interesting. I doubt that it adds any value.
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Pillar of the Community
 United States
7840 Posts |
We will see when I load these up on ebay this weekend. Thanks for your interest and comments!  Edited by oih82w8
03/07/2013 11:41 am
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Pillar of the Community
United States
2850 Posts |
I have a baby bond that has the strips on the right side cut off and stamped with cancelled across the note (no holes). I paid around 10-15 dollars for it, but I'm not sure about the value of a whole uncut sheet.
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Pillar of the Community
United States
822 Posts |
The reality is, these were all cancelled and have no redeemable value. These "baby bonds" circulated as currency during the Reconstruction era when the Southern economy was struggling and federal currency was scarce. They were subject to a massive fraud in the 1880s when it was discovered that Ed Bunker, Louisiana's State Treasurer, had reprinted some $300,000 of these bonds with identical serial numbers, using the original plates. Here is sort of a "sister" bond, issued by the City of New Orleans around the same time, which also circulated as currency.   |
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Pillar of the Community
United States
1285 Posts |
The only one I have:  |
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Pillar of the Community
 United States
5029 Posts |
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Pillar of the Community
United States
7613 Posts |
There are also Louisiana Baby Bonds with green serial numbers, too! The green serial numbered ones I have are printed on a light blue tinted paper.
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Pillar of the Community
United States
1285 Posts |
Don't own this one, saw it on ebay. Doesn't have the punch cancel as the others. ==================  |
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Pillar of the Community
United States
781 Posts |
Mine doesn't have a hole-punch either:   |
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Pillar of the Community
United States
822 Posts |
You know, the serial number on that one looks kind of dicey, Nells. Rubber stamped and not printed. That could very well be one of the fraudulent baby bonds that Ed Bunker created. Very interesting! I haven't seen one like that before.
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Pillar of the Community
United States
781 Posts |
If I had the time and was in a real OCD mood (meaning I just may try this), I could play with the image and lay the # next to the baby with the ones on the coupons, so see if they are exact...
;-)
Edited by Nells250
12/18/2017 4:43 pm
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Replies: 14 / Views: 6,681 |
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Posted 03/06/2013 8:32 pm
