拍品描述： United States of America. Act of September 24, 1917, as amended April 21, 1919. $50 4-3/4% Coupon Convertible Gold Note of 1922-1923-Victory Liberty Loan. May 20, 1919. Choice Very Fine.This is the fifth issue of Liberty Loans, to help fund the war debt which was considerable. The interest continued to increase 4-3/4%. There were only short-coupon bonds like this used with coupons under and at the side. The title is different at the upper left and along the bottom frame referring to them as "Gold Notes." A complete bond with eight coupons and very pleasant. Printed at the BEP. 24.0cm by 23.0cm. Blue undertint with sunburst emanating from darker blue Treasury seal and projecting out rays; VICTORY LIBERTY LOAN across center in blue. Jefferson top center flanked by $50 dies. Brown panel back with eagle in oval. A choice grade example, vibrant and displaying excellent paper quality. We feel these are underrated compared with their scarcity.From the John E. Herzog Collection; New York City Summer Sale # 221 (R.M. Smythe & Co., July 29, 2002, lot 3651).