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  1. #1
    us
    Aug 2009
    HUNTSVILLE Alabama
    ACE250 w. 10x14'' DD and Lots of research
    190
    All Types Of Treasure Hunting

    Old gold Bonds from 1870

    Can any one tell me anything about these old Georgia gold bonds? They are for $1000 and are from 1870. Any help would be great. Thanks.
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    If you dig it, they will come.

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  3. #2
    us
    da book worm--researcher

    Feb 2007
    callahan,fl
    delta 4000 / ace 250 - used BH and many others too
    14,258
    627 times
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    Re: Old gold Bonds from 1870

    well the good news is its a collectible paper * theres one ( bond number #6--yours is #148 ) at a uk site the #6 is listed for 150 british pounds --about $250 in US money .

    its a 7% interest per year -- $1000 x 7% = ($70 per year) --bearer bond * ie whoever is the "bearer of it" it gets the "money"--thus there is no "name" of owner upon it * the person in who's hands it is is the "owner" of it as it appears to have only had one "interest" coupon redeemed --there could be some value left in the bond itself as its a valid state debt that does not appear to have been redeemed * I would check into it with the state of georgia treasury dept. before selling the bond

    the coupons were turned in every so often semi yearly or yearly to collect the interest due on the bond -- see if the item has pin holes in it by holding it up to a light --often "redeemed" notes were marked or pin holed

    the georgia gov "bullock" that signed those bonds was a former union gen that was for "full-equal rights for blacks : including schooling , voting and all other "rights"

  4. #3
    us
    Apr 2011
    723
    6 times

    Re: Old gold Bonds from 1870

    Quote Originally Posted by ivan salis
    well the good news is its a collectible paper * theres one ( bond number #6--yours is #148 ) at a uk site the #6 is listed for 150 british pounds --about $250 in US money .

    its a 7% interest per year -- $1000 x 7% = ($70 per year) --bearer bond * ie whoever is the "bearer of it" it gets the "money"--thus there is no "name" of owner upon it * the person in who's hands it is is the "owner" of it as it appears to have only had one "interest" coupon redeemed --there could be some value left in the bond itself as its a valid state debt that does not appear to have been redeemed * I would check into it with the state of georgia treasury dept. before selling the bond

    the coupons were turned in every so often semi yearly or yearly to collect the interest due on the bond -- see if the item has pin holes in it by holding it up to a light --often "redeemed" notes were marked or pin holed

    the georgia gov "bullock" that signed those bonds was a former union gen that was for "full-equal rights for blacks : including schooling , voting and all other "rights"
    If you can cash that in, with interest thats over 10000 dollars.

  5. #4
    us
    da book worm--researcher

    Feb 2007
    callahan,fl
    delta 4000 / ace 250 - used BH and many others too
    14,258
    627 times
    Honorable Mentions (1)

    Re: Old gold Bonds from 1870

    1870 to 2011 * thats 141 years of $70 per year ( minus the one year that looks like it was "collected"-note the one "missing" coupon--so 140 years x $70 bucks interest is $9,800 dollars plus the $1000 base amount of the note due upon being redeemed --- $ 10,800 if it is still redeemible and the note itself is a collectible worth $250 or so too boot.--so from $250 to say up to $11,050 .00 not bad.

  6. #5
    Charter Member

    Oct 2004
    N. San Diego area (Pic of my two best 'finds')
    Minelab Explorer
    11,223
    1358 times
    All Types Of Treasure Hunting
    Honorable Mentions (2)

    Re: Old gold Bonds from 1870

    I think you may be out of luck. This case seems to parallel your situation:
    http://www.lawskills.com/case/ga/id/206/22/index.html
    Don.......

 

 

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