City of Philadelphia - 1870's-1900 dated Various Denominations Pennsylvania Bond - 7 Vignettes - Awesome
Inv# GB5202 Bond
Various Denominations Bond with 7 engraved vignettes of Wm Penn, Henry Clay, Independence Hall, Washington, Franklin, blacksmith, woman with wheat. Classic!
This ornate 19th-century American municipal bond certificate, issued by the City of Philadelphia, is a $500 six percent loan certificate titled “City of Philadelphia Loan.” It features elaborate engraved borders and intricate decorative elements characteristic of the era. At the top center, there’s a detailed vignette of a large civic building, while oval portrait medallions along the sides depict prominent historical figures, including George Washington. The certificate is made out to an individual named Jennie J. Magarich and dated August 1, 1877. It specifies interest payments and a maturity extending into the early 20th century. The certificate bears official signatures, including that of the city controller, and is marked with a bold red “CANCELLED” stamp across the center, along with punch cancellations indicating it has been redeemed. Printed by the American Bank Note Company, the certificate showcases the company’s renowned high-quality engraving and anti-counterfeiting artistry, making it both a financial instrument and a collectible example of historical scripophily.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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