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    Description

    Possibly Unique Fourth Liberty "Long" Bond

    Fourth Liberty Loan 4 1/4% Gold Bond of 1933-38 $1,000 Oct. 21, 1918 PMG About Uncirculated 53.
    A possibly unique Fourth Liberty Loan "long" format bond for this denomination as we are unaware of any others. The example in this lot shares a PMG multi-note holder with the brokerage firm receipt for its purchase on May 5, 1931. All Liberty Bonds were first sold through bond traders, but due to the original unenthusiastic response, means were provided to get the smaller denominations directly into the hands of small investors. This left only the large denominations for the brokerage houses. The example in this lot was purchased after the war and the ungraded receipt in this lot tells us that it was bought above par with a $1.25 also being earned by The Commercial Savings Bank & Trust Co. of Toledo, Ohio acting as the broker. The bond has 15 interest coupons remaining. The person that bought the bond in 1931 never did redeem a single coupon. The previous owner, probably the Commercial Savings Bank & Trust, exchanged every coupon they were entitled to. The back label cites minor repairs. All we can definitely find is a small piece replaced in the top margin. A rare and unusual item that will probably not be repeated. Personalized information has been blacked out for the scan of this lot.


    Auction Info

    Auction Dates
    September, 2020
    17th-21st Thursday-Monday
    Bids + Registered Phone Bidders: 1
    Lot Tracking Activity: N/A
    Page Views: 986

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