United States of America, USA Louisiana Baby Bond, 1870’s. GEF/UNC
These small $5 bonds were issued by the State of Louisiana in the United States in the late 1870’s in a desperate bid to raise money for education. They are known as ‘Baby Bonds’ because they feature a small child in a fancy bonnet on the front. Interest was for 7 ½ cents per year. The $5 was redeemable in 1886.