$20 Spanish-American War 3% Coupon Bond of 1898 Hessler X188G

These bonds were issued by The United States as a way to provide funds to meet the expenditures of the Spanish-American War. The central design shows a portrait of George Washington as engraved by Alfred Sealey. Of course the entire idea of buying a bond was to redeem it for interest. It is no surprise that these are extremely rare today. Records show that only 182 went unredeemed. A 1988 guide to bonds suggested that only 1-3 of these was known to still exist. That number has crept up a little in the last 27 years, but certainly less than ten of these have been documented as held by collectors. This bond is complete with all 80 coupons. It shows a few vertical folds and 4-5 holes slightly bigger than pinholes, but it has no condition issues that are at all distracting. In terms of the condition, this would certainly be towards the top of the list from the small group of known survivors. The bond has been professionally framed and is ready to display. Frame dimensions, 24.25 x 14.75 inches.

Date Sold: Sat, Feb 28, 2015

Realized Price: $12870