Skip to main content
Go to accessibility notice


    $50 3% Adjusted Service Bond of 1945.
    This is a most interesting United States Bond that was issued in 1936 to World War One veterans. It features a portrait of Andrew Jackson. These instruments were the culmination of a long struggle by veterans to obtain payment of bonuses originally promised in 1922 by Congress for service in the First World War. Successive presidential vetoes through the years would keep the bonus from being paid. However, the "Bonus Army," whose march on Washington, DC ended in a contentious melee when regular army troops commanded by then Colonel Douglas MacArthur ousted them from their campground in 1932, formed and campaigned for their promised bonus to be issued, which it was finally after Congress overrode President Roosevelt's veto in 1936. These bonds were given upon application only to veterans of the Great War, in an amount based on length of service, at home or overseas, and between specified dates. The bonds were redeemable only by the veteran or his estate, with each bond containing space on the reverse for four fingerprints from the right hand of every applicant for payment, a feature we have seen on no other government obligation of any kind. The final maturity date was June 15, 1945, and they drew no interest unless held for one year. Likely because of their issuance during the depths of the Great Depression, and their many restrictions, most all of these bonds were speedily redeemed. This example is neatly centered within four margins and boldly embossed. Gem Crisp Uncirculated.

    Auction Info

    Auction Dates
    Apr-May, 2010
    28th-3rd Wednesday-Monday
    Internet/Mail Bids: 2
    Lot Tracking Activity: N/A
    Page Views: 823

    Buyer's Premium per Lot:
    15% of the successful bid (minimum $14) per lot.

    Sold for: Sign-in or Join (free & quick)

    Heritage membership

    Join Now - It's Free

    1. Past Auction Values (prices, photos, full descriptions, etc.)
    2. Bid online
    3. Free Collector newsletter
    4. Want List with instant e-mail notifications
    5. Reduced auction commissions when you resell your
    Consign now
    • Cash Advances
    • More Bidders
    • Trusted Experts
    • Over 200,000 Satisfied Consignors Since 1976
    Only 35 days left to consign to the 2020 January 8 - 13 FUN World Currency Signature Auction - Orlando !

    Learn about consigning with us

    Thank you for your quick response. I am a member of Heritage Auctions and I am happy to say that it is truly a great platform.
    Mohammed J.,
    Durban, KZ
    View More Testimonials receives more traffic than any other auction house website. (Source:

    Video tutorial

    Getting the most out of search

    Recent auctions

    2019 September 5 - 9 Long Beach Expo World Paper Money Signature Auction - Long Beach
    2019 September 5 - 9 Long Beach Expo World Paper Money Signature Auction - Long Beach
    REALIZED $1,890,630