1918 dated Third Liberty Loan Bond - 3rd Liberty Loan Bond - United States Federal Loan Bond
Inv# TB1017A Bond
U.S. Treasury Bond issued for financing the war effort in World War I. Teehee & McAdoo printed signatures. Bureau of Engraving and Printing. Bond measures 16.5" wide x 7" tall with 14 coupons attached. Few pinholes and traditional folds otherwise great condition.
The $100 Third Liberty Loan 4.25% Gold Bond of 1928, authorized by the U.S. Congress under the Act of September 24, 1917, and later amended on April 4, 1918, was issued on May 9, 1918, during World War I. This patriotic instrument aimed to raise $3 billion for military expenditures. Promoted through extensive national marketing campaigns featuring celebrity endorsements and the aggressive mobilization of Boy and Girl Scouts, the bond democratized retail investing across the country.
The $100 denomination bearer bond, uniquely designed by the U.S. Treasury, featured a detailed portrait vignette of Andrew Jackson on the front, accented by a red “Third Liberty Loan” inscription and a bold blue Treasury seal. As a true “Gold Bond,” it offered a strict financial guarantee, ensuring that both the principal and semi-annual interest payments would be paid in standard United States gold coin. The bond provided a fixed 4.25% annual return, with interest coupons payable every March 15 and September 15. It had a fixed, non-callable maturity of precisely September 15, 1928, marking the end of its ten-year journey.
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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