LOT #20473 |
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$5,000 U.S. Treasury Bearer Bond 1960 PMG Extremely Fine 40.. ...
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Sold on Apr 21, 2021 for:
$6,000.00
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Description
$5,000 U.S. Treasury Bearer Bond 1960 PMG Extremely Fine 40.A $5,000 20 year bearer bond issued on October 3, 1960 and due on November 15, 1980 is in this lot. The portrait is of President James Monroe and the back has a vignette of the Capitol Building. The Secretary of the Treasury is Robert B. Anderson at lower right. All of the coupons have been redeemed on this bond that paid 3 1/2% interest. The bond proper is still redeemable for its capital sum of $5,000. Bearer bonds seldom make it into the collecting community and the examples in this lot and the following lot were welcomed surprises when they were delivered to our offices. An exchange of emails with the Treasury Department informed us that the bond is still redeemable. Two forms would need to completed, an IRS Form W-9 and a FS Form 1071. The bond and the forms would need to be mailed to the Federal Reserve Bank of Minneapolis at 90 Hennepin Ave, Minneapolis, MN 55401 or to Treasury Retail Services, PO Box 9150, Minneapolis, MN 55480-9150. With all that said, who would want to? There are four pairs of staple holes, but these are inconsequential. Overall, a truly majestic numismatic item that is seldom made available.
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Auction Info
2021 April 21 - 23 Central States Currency Signature Auction - Dallas #3582 (go to Auction Home page)
Auction Dates
April, 2021
21st-23rd
Wednesday-Friday
Bids + Registered Phone Bidders: 1
Lot Tracking Activity: N/A
Page Views: 752
Buyer's Premium per Lot:
20% of the successful bid per lot.
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