United States Steel Corp $100,000 Gold Bond Issued to Andrew Carnegie

Inv# AG1022   Bond
United States Steel Corp $100,000 Gold Bond Issued to Andrew Carnegie
State(s): New Jersey
Years: 1901
Color: Red or Dark Blue

Andrew Carnegie (1835-1919), Manufacturer and Philanthropist. Began an illustrious career as a bobbin boy at age 13, then became a self taught telegrapher with the Pennsylvania Railroad. In 1853-65, he introduced use of the Pullman sleeping cars, organized the military telegraph department, and was active in transporting troops during the Civil War. After leaving the railroad, he focused on iron and then the steel industry.

His policy of “putting all his eggs in one basket, and then watching the basket” was extremely successful.

By 1889 steel production in the U.S. was first in the world, and in 1901 he sold his company, Carnegie Company to the U.S. Steel Corporation for $250 million. The Carnegie Foundation of New York donated millions to scientific research, the advancement of teaching, the furthering of international peace, and the reward of heroic acts. The foundation is well known for building public libraries. This historic bond is dated 1901, the very year that he sold his company. This beautiful $100,000 5% United States Steel Gold Bond is issued to Andrew Carnegie, but not signed. The rarity of Carnegie stocks and bonds is well known. A while back, two signed examples of this bond were sold to collectors at $125,000 per bond! Neatly stamp and hole cancelled. The graphics and cranberry red color are truly exceptional. Fresh Excellent Condition. A portrait of Carnegie is included. If we had to pick the top 10 U. S. stocks or bonds of all time, this would be one of our top choices! Special Price! Also available in dark blue or red in $5,000 denomination.

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.

Item ordered may not be exact piece shown. All original and authentic.
Price: $1,500.00
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