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World War II U. S. War Savings Bond - $25 Denomination Series E 10 Year Bond

Inv# TB1002   Bond
Country: United States
Denomination: $25
Years: 1942-1943

$25 WWII U.S. War Savings Bond.

United States savings bonds are debt securities issued by the United States Department of the Treasury to help pay for the U.S. government's borrowing needs. U.S. savings bonds are considered one of the safest investments because they are backed by the full faith and credit of the United States government. The savings bonds are nonmarketable treasury securities issued to the public, which means they cannot be traded on secondary markets or otherwise transferable. They are redeemable only by the original purchaser, or a beneficiary in case of death.

On February 1, 1935, President Franklin D. Roosevelt signed legislation that allowed the U.S. Department of the Treasury to sell a new type of security, called the savings bond, to encourage saving during the Great Depression. The first Series A savings bond was issued a month later, with a face value of $25. They were marketed as a safe investment that was accessible to everyone. Series B, C, and D bonds followed over the next few years.

Series E bonds, referred to as Defensive Bonds, were a major source of financing in the period just before U.S. entry into World War II. On April 30, 1941, Roosevelt purchased the first Series E bond from Treasury Secretary Henry Morgenthau, Jr.; the next day, they were made available to the public. After the attack on Pearl Harbor, Defensive Bonds became known as War Bonds. Stamps featuring a Minuteman statue design in denominations of 10¢, 25¢, 50¢, $1, and $5 were also sold to be collected in booklets which, when filled, could be exchanged to purchase interest-bearing Series E bonds. All the revenue received from the bonds went directly to support the war effort. Read more at https://en.wikipedia.org/wiki/United_States_Savings_Bonds

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Condition: Excellent

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: $330.00