This is an original 1870s State of Louisiana $5 “Baby Bond,” professionally graded by PMG as 64 EPQ Choice Uncirculated. The note retains exceptional paper quality with strong color, sharp details, and all five attached coupons still intact. These early Louisiana bonds were issued during Reconstruction and are now highly collectible examples of post-Civil War financial history.
The piece is fully encapsulated in a PMG holder for long-term protection. Both the face and back exhibit crisp engraving and outstanding preservation for its age. A strong example for collectors of U.S. fiscal documents, state-issued bonds, and historical Southern currency.
