5% Premium Dollar Loan - Series I, issued March 1, 1924.
Extremely rare bond of the Second Republic, unlisted on OneBid until now.
The purpose of the issue was to repair the Treasury and carry out currency reform by injecting foreign currency into the Bank of Poland's issue coverage. The bonds were sold only for foreign currencies and for gold coins and gold bars.
The Series I bonds of the 5% Premium Dollar Loan of 1924 had a two-year maturity, falling on March 1, 1926. Due to the very difficult situation of the Treasury in the mid-1920s, a law of December 22, 1925 authorized the Minister of the Treasury to issue Series II 5% Premium Dollar Loan. The 1924 Series I bonds were redeemed or converted into 1926 Series II Premium Dollar Loan bonds. The final statute of limitations on the Series I bonds expired on March 1, 1936.
Piece with full coupon sheet, illustrated in J. Mazur Catalog on page 209.
Known 4 pieces on the collector's market.
Highly recommended!
format_quote. The rarity of the 5% bonds of the first series of the 1924 Premium Dollar Loan is due to the fact that the paper had a very short maturity of only 2 years for a bond. The term was already in 1926. - practically the entire issue was redeemed or converted into 5% bonds of the 2nd series of the 1926 Premium Dollar Loan (incidentally, also an extremely rare bond, which matured in 1931 and also practically the entire issue was redeemed or converted into 4% bonds of the 3rd series of the 1931 Premium Dollar Loan. - which, in turn, are already one of the most popular bonds of the Second Republic, as they were never redeemed due to the outbreak of World War II). In addition, it should be added that the 1924 issue of bonds of the 1st series of the Premium Dollar Loan were one of the few (besides treasury tickets and gold treasury bills) that were already time-barred before the outbreak of the war - the statute of limitations was 10 years from the date of redemption, and thus finally expired in 1936 - any holder who "misplaced" these bonds somewhere had ample time to replace themformat_quote
