LOT #20014 |
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$500 3rd Liberty Loan Temporary "Short" 4.25% Gold Bearer Bond of May 1918.. ...
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Sold on Aug 3, 2017 for:
$11,162.50
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Description
Excessively Rare Short Term Liberty Loan Bond
$500 3rd Liberty Loan Temporary "Short" 4.25% Gold Bearer Bond of May 1918.Tonight's offering includes an exceedingly rare and never before seen, $500 Short-Term Liberty Loan Bond, which has yet to be recognized either by denomination or series within the Joe I. Herbstman U.S. Treasury Bond Census. To date this is the ONLY $500 Liberty Loan Bond seen publicly in almost a century. This denomination purchased by a Texas family in 1918 was just recently uncovered and comes to us straight from the Star of Texas Collection. An individual purchase by a family of this amount was most certainly an anomaly during the First World War, as the annual income for the average family of four was about $2,000 in 1918. Most individuals or families of the period purchased either the $50 or $100 bonds and paid for them over time.
These Temporary bonds were smaller in size than the usual longer term Liberty Loan Bonds in that they only covered a two-year period at which point they were converted into the more typical longer term bonds. All denominations of the Temporary bonds are very scarce with less than ten examples known, mostly in the $50 denominations; with none in the $500's until now. This example we are pleased to present tonight is a very attractive $500 bearer bond with all four coupons attached. It features on the obverse: "Candy Apple" red ink and the vignette of President George Washington. The reverse in blue ink features a "Screaming American Eagle". Deeply embossed, aside from the usual as-issued folds, this beautiful PMG graded Choice Extremely Fine 45 EPQ bond should see some spirited bidding tonight by the most discriminating collectors of High Denomination Large Size type notes, as well as those who treasure U.S. Treasury Bonds and related Government Debt.
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Auction Info
2017 August 3 ANA Currency Signature Auction - Denver #3556 (go to Auction Home page)
Auction Dates
August, 2017
3rd
Thursday
Bids + Registered Phone Bidders: 10
Lot Tracking Activity: N/A
Page Views: 2,558
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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