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6% Dollar Loan 1920, converted to 4.5%, $500 bond

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Lot description
Reference: Mazur E.4.11; Moczydłowski Z3

Twenty-year 6% gold dollar loan from 1920. - $500 bond, converted in 1938 (interest rate reduced to 4.5%).

Unlike the $50 and $100 denominations, the $500 denomination of this loan is sporadic. Moczydlovsky notes this denomination with an amateur price. The loan was repaid by the communist government in 1972-1980 (in Poland, purchase at 36.5% of face value, equivalent paid in PeKaO commodity bills).

Attached coupon sheet after conversion - reduction of interest rate (all clipped at top edge with bond mantle)

An opportunity to acquire a rare specimen of Second Republic foreign loan bonds.

Auction
II Name Auction PRIVATE SALE - "Cracow Collection from under the wings of Prof. Kalkowski".
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Date
09 February 2025 CET/Warsaw
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Start price
73 EUR
Hammer price
176 EUR
Overbid
240%
Views: 107 | Favourites: 6
Auction

WÓJCICKI - Polski Dom Aukcyjny

II Name Auction PRIVATE SALE - "Cracow Collection from under the wings of Prof. Kalkowski".
Date
09 February 2025 CET/Warsaw
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All lots are listed to bid

Buyer's premium
20.00%
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  1 000
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  3 000
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  5 000
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  20 000
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  50 000
  > 2 000
  100 000
  > 5 000
 
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WÓJCICKI - Polski Dom Aukcyjny
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Salon Numizmatyczny Mateusz Wójcicki Sp. z o.o.
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