Description: The United States of America Twenty Five Dollars Savings Bond Series E. WWII "War Savings". Measures 7 3/4" x 4 1/4". Available cancelled for $75 or uncanceled for $150. 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. After the war ended, savings bonds became popular with families, with purchasers waiting to redeem them so the bonds would grow in value. To help sustain post-war sales, they were advertised on Item ordered may not be exact piece shown. All original and authentic.
Price: 220 USD
Location: Portsmouth, New Hampshire
End Time: 2025-01-15T15:00:23.000Z
Shipping Cost: 6.25 USD
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Return policy details:
