1918 Oct 4th $50 Fourth Liberty Loan Gold Bond 1918 Jefferson PMG 35
Fourth Liberty Loan 4 1/4% Gold Bond of 1933-1938 $50 Oct. 24, 1918 PMG CHVF35
A complete "long" term bond and only the fourth that we have offered of this issue and denomination. This example has all 36 coupons attached. Coupon numbers 1 through 4 were used for the previously obtained "short" term bond. The coupons on the "long" term bonds are numbered 5 through 40. This series is the only Federal bond issue in American history to default. The Fourth Liberty Loan was to be payable "in United States gold coin of the present standard of value." In 1933, a year before the Fourth Liberty Loan was to be called, Congress passed House Joint Resolution 192 which suspended payment in gold. A legal challenge to the default made its way to the Supreme Court, but was unsuccessful. Check out all the great US Coins, Paper Money, Ancients, World and Exonumia at Sarasota Numismatics. We are happy to answer any questions about this or anything in our vast inventory.
In stock
- SKU
- 2202707001
$3,250.00
Description / 1918 Oct 4th $50 Fourth Liberty Loan Gold Bond 1918 Jefferson PMG 35
Fourth Liberty Loan 4 1/4% Gold Bond of 1933-1938 $50 Oct. 24, 1918 PMG CHVF35
A complete "long" term bond and only the fourth that we have offered of this issue and denomination. This example has all 36 coupons attached. Coupon numbers 1 through 4 were used for the previously obtained "short" term bond. The coupons on the "long" term bonds are numbered 5 through 40. This series is the only Federal bond issue in American history to default. The Fourth Liberty Loan was to be payable "in United States gold coin of the present standard of value." In 1933, a year before the Fourth Liberty Loan was to be called, Congress passed House Joint Resolution 192 which suspended payment in gold. A legal challenge to the default made its way to the Supreme Court, but was unsuccessful. Check out all the great US Coins, Paper Money, Ancients, World and Exonumia at Sarasota Numismatics. We are happy to answer any questions about this or anything in our vast inventory.
More Information
| Grading Service | PMG |
|---|---|
| Denomination Type | N/A |
| Year of Issue | 1918 |
| Grade | VF35 |
| Circ/UnCirc | Circulated |
| Currency Designation | N/A |
| Country of Origin | USA |