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Auction: 312 - Numismatic Collector's Series Sale
Lot: 1982

State of Louisiana (LA) 1861. $1000. Cr. 71A. 40 Year 8% Bond. Coupons underneath. VF, top edge slightly damaged. Governor Warmoth, who signed these bonds, took office by changing the rules regarding the age of the governor. He then proceeded to accumulate a personal fortune of $250,000 on an annual income of $4000. After he left office he switched sides to avoid indictment and helped run the Republicans out of office. A very interesting side note to the history of Louisiana.

Estimate
$150 to $250