CONFEDERATE BLOCKADE RUNNER WATERMARKED PAPER of 1862
CSA Watermarked Paper – On April 27, 1862 the Confederate blockade runner Bermuda was captured by the USS Mercedita and taken to Philadelphia. Her cargo, which included a shipment of banknote paper bound for the Confederacy, was ordered sold by the Federal Courts. The Treasury Department purchased most of the “CSA”
watermarked banknote paper and used it for a number of purposes, including Fractional Currency Specimen Notes of the second and third issues. The “CSA” block letters are seen on this piece. The paper is lightly age toned.