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Michigan Central Railroad - Bond

Inv# RB5156   Bond
Michigan Central Railroad - Bond
State(s): Michigan
Years: 1929
1929, Michigan, $5,000 Bond. Unissued and uncancelled. Superb graphics in Bright Red color by American Bank Note. High denomination bonds have become quite popular especially considering that a $5,000 US piece of Currency is $25,000 and up as a collectible! Mint Condition. Scarce this nice. This beautiful red colored bond is especially great for framing. Also available PMG graded 67 for $150.

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: $125.00