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As issued.
1863/1864
by United States Treasury
1863/1864. As issued.. Very good.. Brass appx. 265 mm. long; stamped head is appx. 80 x 35 mm.
Bales of cotton were required to have marks or stamps affixed to show payment of federal tax. This was accomplished using unusual brass tags with long, harpoon-like shafts that were inserted into the bale. Tax legislation of 1862 included a tax of a half-cent per pound on raw cotton; the rate was increased several times until it was repealed in 1868. Undertaken during the Civil War these efforts were at best haphazard with a substantial black market and licensed trade in cotton occurring. Six of the tags offered here are date stamped; one bears the (truncated)
Bales of cotton were required to have marks or stamps affixed to show payment of federal tax. This was accomplished using unusual brass tags with long, harpoon-like shafts that were inserted into the bale. Tax legislation of 1862 included a tax of a half-cent per pound on raw cotton; the rate was increased several times until it was repealed in 1868. Undertaken during the Civil War these efforts were at best haphazard with a substantial black market and licensed trade in cotton occurring. Six of the tags offered here are date stamped; one bears the (truncated)
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