Issued to Andrew Carnegie - United States Steel Corporation $5,000 Gold Bond - 1901 dated Brown Color Steel Bond - Very Rare Type

A historic bond, dated 1901—the same year Carnegie divested his company—represents a remarkable $5,000 5% United States Steel Gold Bond issued to Andrew Carnegie. The scarcity of any Carnegie stocks or bonds is well-known; previously, two signed Andrew Carnegie examples of this bond were sold to collectors for $125,000 each. The bond is stamped and hole-cancelled, showcasing exceptional graphics and a striking brown hue, and is in pristine condition. This bond is exceptionally historic. Bond measures 13” wide x 9.5” tall.

Andrew Carnegie, born in 1835 and passing away in 1919, was a prominent manufacturer and philanthropist. His journey began at the tender age of 13 when he started as a bobbin boy. Later, he became a self-taught telegrapher for the Pennsylvania Railroad. Between 1853 and 1865, Carnegie played a significant role in introducing Pullman sleeping cars, organizing the military telegraph department, and actively transporting troops during the Civil War. After leaving the railroad, Carnegie shifted his focus to the iron and steel industries. His strategy of investing all his resources in a single industry proved remarkably successful.

By 1889, the United States had become the world leader in steel production. In 1901, Carnegie sold his company, the Carnegie Company, to the U.S. Steel Corporation for a substantial $250 million. Carnegie’s legacy continues through the Carnegie Foundation of New York. This foundation has made significant contributions to scientific research, educational advancement, promoting international peace, and recognizing heroic deeds. Notably, the foundation established public libraries.