Where do you "cash in" U.S. Savings Bonds?

Discussion in 'Paper Money' started by Kevinfred, Jan 18, 2013.

  1. Kevinfred

    Kevinfred Junior Member

    Wasn't sure which forum was proper, but I have a few U.S. Savings Bonds which are not mature but that I'd like to get cash for.... where do I go?
    Thank you in advance for the help!
     
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  3. Tyler

    Tyler Active Member

    Go to a bank they will cash it for you. Make sure they send you or give you the correct form so you can pay your taxes on the interest.
     
  4. Kevinfred

    Kevinfred Junior Member

    ahhh... man... forgot about the taxes..... ;(

    thank you for the help
     
  5. Tyler

    Tyler Active Member

    Honestly it isn't worth the hassle if it's $50 or less face value. Remember you aren't actually going to get the face value. What is the face value of you bond and the expiration? I can tell you the cash value.
     
  6. rickmp

    rickmp Frequently flatulent.

    You can look it up yourself on the Treasury web site, too.
    http://www.treasurydirect.gov/BC/SBCPrice
     
  7. Tyler

    Tyler Active Member

  8. rickmp

    rickmp Frequently flatulent.

    For sure it's not a Rockwell. I edited my post with a better link.
     
  9. DhizKanichioko

    DhizKanichioko Hobbyist

    Err... No. You ever heard of Mad Magazine? That's Alfred E. Newman.
     
  10. Tyler

    Tyler Active Member

    Oh that's how I know it!
     
  11. johnny2dollar

    johnny2dollar Collector of BEP $2 notes

    you just have to fill out the back and take them to the bank. Also, you only pay federal taxes on savings bonds. No state tax
     
  12. Kevinfred

    Kevinfred Junior Member

    Tyler they're almost mature.... I figured with the rate I'm getting, I'd rather have some coins and/or notes! ;)

    I'm not a note collector by any stretch - but I really love to collect the smaller U.S. notes. The large ones seem very expensive, but I'd love to have some!!
     
  13. lettow

    lettow Senior Member

    Some of them are collectible . . .

    [​IMG]
     
  14. Tyler

    Tyler Active Member

    Can that still be cashed if you could find the original owner or estate?
     
  15. lettow

    lettow Senior Member

    Only by the registered owner or heirs. It stopped earning interest in 1983. You would not want to cash this one in, however, it has significant collector value. Does anyone know why?
     
  16. Tyler

    Tyler Active Member

    War bond?
     
  17. lettow

    lettow Senior Member

    More to it than that. Collector value on a large size $25.00 war bond is generally $40-50.00. It is worth considerably more than that. I will offer up a prize to the first correct answer.
     
  18. Tyler

    Tyler Active Member

    Dec 6= insignificant
    Name=insignificant
    Series=significant?
    Was this bond printed on different paper than later war bonds?
     
  19. DhizKanichioko

    DhizKanichioko Hobbyist

    My guess would be the red seal, or the particular signature on the bottom, or maybe the fact that besides being printed, it's also stamped with the date? I don't know if that's procedure or not.
     
  20. jensenbay

    jensenbay Well-Known Member

    Because the "r" is missing in war?
     
  21. Tyler

    Tyler Active Member

    Oh wow. Nice find! That has to be it.
     
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