LOT #20167 |
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Fourth Liberty Loan 4 1/4% Gold Bond of 1933-1938 $50 Oct. 24, 1918 PMG About Uncirculated 55 EPQ.. ...
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Sold on Sep 11, 2024 for:
$3,360.00
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Description
Complete Fourth Liberty Loan $50 Bond
Fourth Liberty Loan 4 1/4% Gold Bond of 1933-1938 $50 Oct. 24,
1918 PMG About Uncirculated 55 EPQ.A complete "long" term bond and only the fourth that we have offered of this issue and denomination. This E prefix example has all 36 coupons attached. Coupon numbers 1 through 4 were used for the previously obtained "short" term bond. The coupons on the "long" term bonds are numbered 5 through 40. This series is the only Federal bond issue in American history to default. The Fourth Liberty Loan was to be payable "in United States gold coin of the present standard of value." In 1933, a year before the Fourth Liberty Loan was to be called, Congress passed House Joint Resolution 192 which suspended payment in gold. A legal challenge to the default made its way to the Supreme Court, but was unsuccessful.
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Auction Info
2024 September 11 - 13 Long Beach Expo US Currency Signature® Auction #3596 (go to Auction Home page)
Auction Dates
September, 2024
11th-13th
Wednesday-Friday
Bids + Registered Phone Bidders: 5
Lot Tracking Activity: N/A
Page Views: 170
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