$200 November 45 E bond sells on eBay for $1,125

Thursday, February 8th, 2007
Categorized as: Savings Bond FAQ

A $200 Series E Savings Bond issued in November 1945 has apparently sold for $1,125 on eBay.

The same seller has other Savings Bonds on offer, but so far none have a bid above $25.

The redemption value of the November 1945 bond, which stopped paying interest in 1985, is $915.44. Of course, only the owner of the bond or the owner's legal heirs can redeem it.

A Savings Bond registered to someone you don't know has no intrinsic value to you other than as a collectable.

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5 Comments

On February 12th, 2007 Rico said:

Out of curiosity, has the Treasury *ever* issued bearers bonds? (i.e. bonds redeemable by the bearer)

On February 13th, 2007 Tom Adams said:

Rico - according to Steve Meyerhardt, who's with the Treasury's press office:

The Treasury did issue marketable securities in bearer form up until the mid-1980's, when concern about the use of bearer securities by such entities as drug cartels led to their demise. The last bearer securities that were earning interest, a 30-year bond issued in 1981, were called last year. However, there are still a considerable number of bearer securities that have not been turned in by holders. While these no longer earn interest, they remain worth their face value. Holders can call 304-480-7537 for information on how to redeem these bonds.

On March 3rd, 2007 kym said:

i have a 'POSTAL SAVINGS PLAN FOR THE PURCHASE OF UNITED STATES DEFENSE SAVINGS BONDS' ALSO SAYS 10 CENT STAMPS ON IT. ON THE BACK IT HAS PRINTED 'FORM PS 333-10A' AND 'U.S. GOVERNMENT PRINTING OFFICE:1941'
can you give me any info. on the value of this? and an outlet for possible buyers? my email is kymskreations@yahoo.com thank you!

On March 9th, 2007 mike said:

It seems that this document doesn't worth the paper it is printed on. Recent ebay auctions show that the highest price is only $3.25

On March 9th, 2007 Tom Adams said:

Like you, Mike, I've always suspected this might be a fake transaction.

Tom Adams

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