$100 Defense Savings Bond 1942

MSRP: $395.00
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Beautiful Full Size $100 Dollar Defense Savings Bond issued by the United States of America in 1942. This historic document was printed by Bureau of Engraving and Printing and has an ornate border around it with a vignette of President Grover Cleveland. This item has the printed signature of the Secretary of the Treasury, Henry M., Morgenthau, Jr., and is over 78 years old. Stamped Defense Savings Bond. Shortly after the attack on Pearl Harbor, Defense Bonds became known as War Savings Bonds, or informally as War Bonds. They were then stamped War Savings Bond vs Defense Savings Bond. The $100 bond is much scarcer than the $25 Bond. Light center fold. Excellent condition.
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$100 Defense Bond
Series E U.S. Savings Bonds were promoted and marketed by the United States of America government as war bonds from 1941 to 1980. When Americans refer to war bonds, they are usually referring to Series E bonds. Those issued from 1941 to November 1965 accrued interest for 40 years; those issued from December 1965 to June 1980, for 30 years. They were generally issued at 75 cents per dollar face value, maturing at par in a specified number of years that fluctuated with the rate of interest. Denominations available were $25, $50, $75, $100, $200, $500, $1,000, $5,000 and $10,000. Series E bonds were issued only in registered, physical form and are not transferable. The guaranteed minimum investment yield for the bonds was 4 percent, compounded semiannually. After the attack on Pearl Harbor, Defense Bonds became known as War Savings Bonds, or informally as War Bonds. During WWII, Government Bond rallies were held throughout the country with famous motion picture celebrities to help promote the bonds and the war effort. Free movie days were held in theaters nationwide with a bond purchase as the admission. The physical size of the bond was reduced in 1944 to save paper and money. Towards the end of the war, the bonds were renamed Victory Bonds. History from StockResearch.pro (Professional Old Stock Certificate Research Service).