Beautiful uncancelled Freedom Share Savings Note from the United States of America for $50 issued no later than 1969. This historic document was printed by the United States Government and has an ornate border around it with a vignette of the Statue of Liberty Head. This item has the printed signature of the Secretary of the Treasury, Henry Fowler and is over 51 years old.
The IBM punch card stock began to be phased out in 1985, when the punch card technology was no longer being used.
United States Savings Notes were first issued on May 1, 1967. Also known as a
“Freedom Share,” the United States Savings Note was meant to “encourage additional
savings and reduce the amount of marketable debt financing required” (Report of the
Secretary of the Treasury, 1967: 14). It was redeemable after one year, paid 4.74%
interest, and matured in 4.5 years. Individuals could only purchase United States
Savings Notes with the purchase of Series E United States Savings Bonds.
Denominations offered were $25, $50, $75, and $100 and sold at a discount. Sales
were discontinued after June 30, 1970.
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