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Commonwealth of Massachusetts for Railroad Grade Crossings - Bond

Inv# RB5155   Bond
Commonwealth of Massachusetts for Railroad Grade Crossings - Bond
State(s): Massachusetts
Years: 1896
1896, $1,000 Gold Bond, Payable in Gold Coin by the Commonwealth of Massachusetts. A “Loan for the abolition of Grade Crossings” of the state. Absolutely breathtaking graphics by American Bank Note Co.-NY and Boston. Neatly hole cancelled. Over 3 rows of cancelled coupons remain. Fresh Excellent Condition.

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: $115.00