LOT #15308 |
Sold on Sep 9, 2004 for: Sign-in
or Join (free & quick)
$10,000 U.S. Treasury Bearer Bond. This is a 7 5/8% U.S. ...
Click the image to load the highest resolution version.
Sold on Sep 9, 2004 for:
$10,925.00
Bid Source: Internet bidder
Get one of these:
Explore Available Items
Description
$10,000 U.S. Treasury Bearer Bond
$10,000 U.S. Treasury Bearer Bond. This is a 7 5/8% U.S. Treasury Bearer Bond of 2002-2007. The issue date of the bond was February 15, 1977 and the bond paid coupons of $381.25 every six months on the fifteenth of February and the fifteenth of August. The bond was callable on or after February 15, 2002, and, in fact, was called at the earliest possible date. The first fifty coupons have been cashed in, and coupons 51 through 60 remain. Each of these coupons is now worthless, as interest stopped when the bond was called, but the bond itself remains redeemable to the bearer for its face value of $10,000. This is only the second $10,000 Bearer Bond of this issue that we have seen, and it is undoubtedly one of very few examples not to have been redeemed at the call, as the high face value, combined with the end of the interest, made keeping this bond as a collectible an unlikely choice for the bond holder. With the enthusiasm for bond collecting at an all-time high, it is quite likely that this bond will realize considerably in excess of its face value. We sold another identical bond in September of 2003 which realized $16,100. This identical piece will likely do about the same, or perhaps a bit better.Auction Info
2004 September (CAA) Signature Sale #354 (go to Auction Home page)
Auction Dates
September, 2004
9th-10th
Thursday-Friday
Bids + Registered Phone Bidders: 3
Lot Tracking Activity: N/A
Page Views: 6,496
Buyer's Premium per Lot:
15% of the successful bid per lot.
Shipping, Taxes, Terms and Bidding
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial
Important information concerning Sales Tax and Resale Certificates. Learn More
Terms and Conditions | Bidding Guidelines and Bid Increments | Glossary of Terms | Currency Grading Tutorial