拍品描述： United States of America. Act of April 24, 1917. $100 3-1/2% (First) Liberty Loan of 1917. June 15, 1917. Very Fine.The Liberty Loans issued to help finance the American war complex saw their genesis in the small denomination Spanish-American War bonds. Though the lower denominations were aimed at the general public, sales were much more aggressively pursued than in 1898. The activities associated with the Liberty Loans can (and do) fill a book. Countless types of flyers, posters, buttons, and other ephemera exist that relate to all five series of loans. The initial series of unnumbered (First) Liberty Loan is distinctive because it has a "coupons bound" (Cb.) arrangement with the coupons in the front of the principal certificate, which in most cases is observed folded back. With this bond, the three sheets have been "unbound," with three coupons clipped and redeemed from the first sheet. 32.5cm by 15.5cm. A well designed bond, styled like a giant Federal Reserve Note (more like a Federal Reserve Bank Note actually). Andrew Jackson at the left, blue protector 100/THREE AND ONE-HALF PER CENT protector, and the Statue of Liberty right. Blue Treasury seal. Engraved signatures of Teehee and McAdoo. Orange back with majestic Federal Eagle covering two panels, title panel flanked on the right by tall version of the Freedom Statue on the top of Capitol Building (and seen on the first Demand Notes). No.16330. One coupon row cut off a sheet. Penned "#15H" on face and title panel, otherwise normal bond folds. Includes 1985 Smythe and U.S. Treasury correspondence concerning the redemption value of the certificate. The Treasury reply is factual, terse, and includes citation of the United Code against Xeroxing valid U.S. securities. The Smythe letter to Treasury was asking that question. The correspondence adds something to beautiful bond which is worth $100 if you turned it in. But according to Treasury, this involves much "red tape." These $100 bonds are scarcer than the $50 denomination bonds from the series and are not often encountered.From the John E. Herzog Collection.

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