State of Hamburg Germany - 6% 1926 dated $1,000 German Gold Bond - Uncanceled - Hamburg, Germany
Inv# FB6450 Bond
$1,000 6% Uncancelled Gold Bond printed by American Bank Note Company.
The State of Hamburg, Germany, issued a significant international debt during the Weimar Republic’s recovery period. The 6% 20-Year Gold Bond, dated October 1, 1926, and maturing on October 1, 1946, was authorized in the amount of $10,000,000. These bonds aimed to attract foreign capital, primarily from American investors, to rebuild infrastructure and restore economic stability after the hyperinflation crisis of 1923.
As part of the “Golden Years” of Weimar Germany, characterized by stabilized currency and American loans facilitated by the Dawes Plan, these bonds became popular instruments for financing public works, including port enhancements in Hamburg.
These $1,000 gold-indexed bonds offered a high 6% interest rate to entice investors concerned about German stability. They guaranteed payment in US gold coin, providing security against currency devaluation.
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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