State of Hawaii - 1975 dated Hawaiian Bond
Inv# AH1003 Bond
$5,000 Bond. Security-Columbian Banknote Co.
Issued in 1982, this striking $5,000 State of Hawaii General Obligation Bond represents a distinctive era in municipal finance and the modernization of Hawaii’s public infrastructure in the late 20th century. The elegant blue-and-white certificate prominently features the Great Seal of Hawaii flanked by allegorical figures symbolizing prosperity and governance. The bond promised payment on October 1, 1988, with semiannual interest, reflecting the traditional structure of high-denomination public debt securities. Backed by the full faith and credit of the State of Hawaii, it was a highly secure investment instrument for state projects and capital improvements.
Beyond its financial purpose, the certificate is an impressive piece of engraved Americana and a collectible artifact from the era before electronic securities. The ornate borders, detailed typography, and facsimile signatures of Hawaii state officials embody the craftsmanship of American bond engraving. High-denomination bearer bonds like this were often held by banks, institutions, or wealthy investors, and surviving examples in attractive condition are sought after by collectors of financial history, scripophily, and Hawaiian memorabilia. As both a historical document and a visually compelling engraved certificate, this bond captures the intersection of finance, statehood, and traditional security printing in the decades before the digital age.
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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