$50 1918 3rd Liberty Bond - 4 1/4% Gold Bond of 1928 - Gorgeous Red Color

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

The Third Liberty Loan Act represented a liberty bond issued during World War I, aimed at financing the war expenses of the United States. Essentially, these bonds functioned as loans from citizens to the US Government, which were to be repaid with interest in the future. Prior to this, there were two other loan acts: The Liberty Loan Act and The Second Liberty Loan Act, both of which provided additional funds to the US Government for war efforts. The Third Liberty Loan Act was enacted on April 5, 1918. This act specifically authorized the US government to issue war bonds totaling $3 billion at an interest rate of 4.5% for a duration of up to 10 years, with a maximum individual limit of $45,000. The bonds issued under the Third Liberty Loan Act could not be redeemed until September 15, 1928.

The Third Liberty Loan Act served as an amendment to the earlier two Liberty Loan acts. The first Liberty Loan was enacted on April 24, 1917, and involved the issuance of $5 billion in bonds at a 3.5 percent interest rate. However, this amount proved inadequate to sustain the United States' involvement in the war. The second act was implemented on October 1, 1917, just a few months after the first, allowing for an additional $3 billion in bonds at a 4 percent interest rate. Despite these efforts, the third loan was still insufficient, leading to the creation of a fourth act on September 28, 1918, which permitted an even greater amount of $6 billion at a 4.25 percent interest rate.