$50 1918 3rd Liberty Bond - Many Coupons Remain - 1918 dated U.S. Treasury Bond

$50 3rd Liberty Loan, 4 1/4% Gold Bond of 1928. So Attractive!

The Third Liberty Loan Act (Pub. L. 65–120) was a liberty bond sold during World War I to finance the United States’ war expenses. These bonds were essentially loans from citizens to the US Government, with interest payments due in the future. Two previous loan acts, the Liberty Loan Act and the Second Liberty Loan Act, had already provided additional funds to the US Government for the war. The Third Liberty Loan Act was enacted on April 5, 1918. This act specifically authorized the US government to issue $3 billion worth of war bonds at a 4.5% interest rate for up to 10 years. Each individual was limited to an aggregate bond purchase of $45,000. Notably, the bonds issued under the Third Liberty Loan Act were not redeemable until September 15, 1928.

The Third Liberty Loan Act was an amendment to the previous two Liberty Loan acts. The first Liberty Loan Act was enacted on April 24, 1917, and issued $5 billion in bonds at a 3.5% interest rate. However, this loan was insufficient to support the United States’ presence in the war. The second act was implemented on October 1, 1917, just a few months after the first. This time, the loan allowed for an additional $3 billion in bonds at a 4% interest rate. Despite these efforts, the third loan was still insufficient, leading to the creation of a fourth act on September 28, 1918. This fourth act authorized the issuance of an even higher amount of $6 billion in bonds at a 4.25% interest rate.