1880s Louisiana $5 “Baby Bond” Obsolete Note w/ 5 Coupons Red #9322

Bayou State Coins Offered: State of Louisiana $5 “Baby Bond” (Bond of the State of Louisiana) with 5 attached interest coupons. Classic “Baby Bond” nickname comes from the child vignette on the face. Historical context (what it is / why it existed) In the decades after the Civil War, Louisiana (like many states) faced significant financial pressures and debt obligations. At the same time, the federal government imposed heavy taxes on state-issued bank notes. Louisiana issued these small, note-sized state bonds with interest coupons attached. Even though they were technically “bonds,” they were commonly accepted and spent locally like paper money throughout Louisiana. The attached coupons represent small interest payments and were redeemable on the printed dates, which is why these pieces often survived with coupon panels still attached. Item details Issuer: State of Louisiana Denomination: Five Dollars ($5) Type: “Bond of the State of Louisiana” / obsolete currency-style bond (“Baby Bond”) Serial: Red

serial (as shown) Coupons: 5 coupons attached (7½ cents each), payable on dates shown (1884–1886) Condition Circulated VG–F example. Shows multiple folds/creases, light soiling/toning, and edge/corner wear. Coupons appear intact and attached (5 total). Please review photos for exact condition; you will receive the note pictured. Ships securely. You will receive the exact item pictured. Bayou State Coins