Does anyone know if these WW2 Liberty Bonds count as paper currency? They have dollar amounts on them. Also does anyone know how much they cost? Are they still valid? Like can someone still collect the $1.06 payments for each stub since they matured decades ago? Thanks!
The practice of collecting stocks and bonds is known as scripophily. Whereas collecting paper currency is called notaphily. Although, we do have several members on here who actively collect stocks and bonds.
Oh ok I didn’t know it was something else. I know it’s not a stock but yeah it does fall into the bonds category. Would you happen to know if they’re still valid since they matured between 1938 and 1946?
I'm not exactly sure, but I'm sure the collectible value of that particular bond outstrips its value as a bond.
Maybe Bradley can correct me here, but I believe they had to be redeemed by a certain maturity date or they became invalid.
Actually that is a WWI bond, from 1918. They are still payable as are the coupons. But the interest payments on them stopped many years ago. I have three WW2 $25 Victory bonds that are still valid as they were an ancestors', but the interest payments on them stopped in the mid 1980's though.
You’re right! My mistake. I should’ve known better the moment I said 1936. I do know they issued Liberty Bonds in both wars. It’s a shame they’re not still valid. Heck back then $1.06 was good money. Especially since in those days that was a Morgan Dollar or Peace Dollar they were getting.
Liberty bonds are bearer bonds.and are still redeemable by the holder. But the collector value is greater than the redemption value. If you clip a coupon and send it to the Bureau of the Public Debt, you will receive a check for the amount of the coupon. WWII War Savings Bonds were registered bonds and not transferrable. Only the registered owner or descendant can redeem them.
Hmmm, if they could be redeemed for a $50 gold piece; would be a nice premium. LOL; or maybe 50 $1 dollar gold pieces (and change).
Thats cool! If you ever want to sell it I would be interested in buying it. It would be awesome in my office, as I am a financial advisor and it would fit in nicely.
If you can still redeem them, you usually get more interest than what the face value of the coupon says. It would be written in somewhere if those payments stop at a certain date, or continue on. So sometimes it can add up to a lot. You'd have to sit down in an office at your bank with someone and ask them about it. And then again as mentioned if this is a rare piece, then the value might be worth more than the redemption amount.
WWI Liberty Bonds stopped earning interest upon maturity. You would get no more than the cumulative total of the coupons plus the face amount. Since these retail over $1,000.00, the value is not in redemption.
