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    $100,000 Treasury Bond Serial 8

    Serial Number 8 $100,000 United States Treasury Bond Due August 15, 1963 PCGS Very Choice New 64.
    One of the few remaining $100,000 bonds that is available to collectors for less than face value, this bond's storied history reveals why it is unredeemable. A very small number of bonds were purchased by the First National Bank of Boston and stored in its branch's vault in Havana. Soon after Fidel Castro solidified his power in Cuba, the bonds were rendered worthless by the United States Treasury and reissued "in absentia" to the First National Bank of Boston. How and when these bonds made their way out of Cuba remains a mystery, but they represent a tiny numismatic treasure for collectors to appreciate and study. We have auctioned in the past serial numbers 6 and 9 from this off-shore grouping. The first to cross our auction block was serial number 6. It graded PCGS 64 and realized $7,050 in August, 2015. Next, we saw serial number 9, grading PCGS 58, close at $6,462.50 in August, 2016. Due to those two past performances, we see tonight's nicely preserved and well centered example hammering within the range of...

    Auction Info

    Auction Dates
    September, 2019
    4th-9th Wednesday-Monday
    Bids + Registered Phone Bidders: 4
    Lot Tracking Activity: N/A
    Page Views: 334

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