$50 4th Liberty Loan BondInv# TB1014
This is the only known $50 Liberty Loan Replacement Bond that exists. The Red Star located to the right of the serial number on the bond as well as on each coupon is used to display that this particular serial number did not reach circulation. There was an error somewhere in the process of making the bond, therefore needing to reissue the same serial number, but with a Red Star. There is only one other known Star Replacement Bond, but in a different denomination. That bond is valued around $25,000.
E.F. with minor flaw
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.