1933 $500 POSTAL SAVINGS BOND - HISTORIC AND INCREDIBLY RARE!

Description: 1933 $500 POSTAL SAVINGS BOND - HISTORIC AND INCREDIBLY RARE! 1933 $500 POSTAL SAVINGS BOND - HISTORIC AND INCREDIBLY RARE! Click images to enlarge Description 1933 $500 Postal Savings Bond This is one of the rarest US Bond's I have ever had the opportunity to handle. It's a $500 Postal Savings Coupon Bond, also known as a bearer bond. It bears the portrait of Grover Cleveland. It also has gold/orange colored seals, similar to the ones used on 1922 gold certificates. The paper these were printed on is also the same paper as large size US paper money...look closely and you will see red and blue security fibers. The bond is dated July 1, 1933 and here's how it works. They were available for purchase at the Post Office for $500 and returned 2.5% interest per year. The bond had 40 coupons attached and every six months you would clip off a coupon and cash it at the bank or post office. Each coupon had a value of $6.25. The coupons were just as good as cash...many businesses even accepted the coupons as payment towards goods. Since the bond wasn't registered to a specific individual, anyone could cash the coupon. The interest was tax free. Once all the coupons matured in 1953, you can redeem the bond portion for your initial $500. This bond is incredibly rare. They were issued in denominations of $20 and $100 also. I have seen a couple examples of $20 registered Postal Bonds but never a coupon bond...let alone a $500 denomination! John Herzog assembled one of the greatest US bond collections which he sold in 2018. He only had a specimen version but not a genuine issued coupon bond like this. This bond was issued in the midst of the Great Depression, when the average weekly salary was only $12/week. Just think about how wealthy someone had to be to tie up $500 for 20 years. Very few of these were issued compared to lower denominations. This bond transcends many areas of collectibles...financial history, philatelics and even paper money due to it's striking resemblance to old US banknotes. The bond is in great shape...well preserved and original. It has one fold between the bond and coupons. Payment Payment is required within 3 days of sale. Shipping We send all packages insured via USPS Express mail. Terms of Sale No questions asked 14 day return policy. Images sell! Get Supersized Images & Free Image HostingCreate your brand with Auctiva's Customizable Templates. Attention Sellers - Get Templates Image Hosting, Scheduling at Auctiva.com. Track Page Views WithAuctiva's FREE Counter

Price: 34500 USD

Location: New York, New York

End Time: 2024-02-22T00:59:26.000Z

Shipping Cost: 0 USD