A very rare 10% railroad loan bond from 1924 with a denomination of 25 gold francs.
There are two denominations from this issue available for collectors: 10 gold francs and 25 gold francs. Moczydlowski values this denomination as c.a. The higher denominations of this loan bond (50 and 100 gold francs) are unique and have never appeared at auction before.
The auction bond like most available of this loan is without a coupon sheet.
Beautiful, distinctive artwork with a locomotive motif. One of the prettiest government loan bonds of the Second Republic. Unusual opportunity to acquire one of the rarest government loan bonds of the Second Republic.
format_quoteThe rarest of the 1924 Railway Loan denominations available on the market. The issue was planned at 100 million gold francs, realized at the equivalent of 50 million gold. The loan was dispersed to raise funds to cover the costs of rebuilding and reconstructing state railroads and to purchase rolling stock.As of April 1, 1939, bonds in the amount of 176,450 gold francs remained in circulation, so a very small part of the issue, which confirms the rarity of the bonds preserved and found in trade.
The bonds were sold at a price equal to 90% of their registered value, converted to Polish marks according to the daily exchange rate of the Polish zloty franc in effect on the day of the sale in accordance with the published announcement of the Minister of the Treasury in effect on that dayformat_quote
