6% Dollar Loan 1920, temporary certificate $1,000 - SPECIMEN

format_quoteThe 1920 20% gold dollar loan is best known for its bonds issued in four denominations, of which the two lower denominations ($50 and $100) are popular and common, while the two higher denominations ($500 and $1,000) are now rare securities. The bonds come in two versions - unconverted and converted (with a print that reduces the interest rate to 4.5%). The issuance of the bonds (whose first deliveries of finished slips were made by the American Bank Note Company between March 10 and April 1, 1921) was preceded by the release of temporary certificates in four denominations. The temporary certificates were prepared by the American Bank Note Company in August 1920. Virtually all pieces of the certificates issued to subscribers to the 1920 loan were exchanged for bonds proper - hence circulating pieces are not encountered today (1 piece issued for $50 and 2 pieces issued for $100 are known; pieces issued for $500 and $1,000 are not known). Only SPECIMENs of temporary certificates are currently encountered in the collector's market, a set of which can be purchased at the current XV Premium Auction. It should be noted that SPECIMENs of temporary certificates of the 6% 1920 dollar loan are encountered very rarelyformat_quote