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German International Loan 1930 - Young Bond SPECULATIVE
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German International Loan 1930 - Young Bond SPECULATIVE
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German Government International 5 1/2 % Loan 1930 Internationale 5 1/2 %-ige Anleihe des Deutschen Reichs 1930 5 1/2 % Gold Bond No. C 77298 for value of US-$ Gold 1000 dated June 1st., 1930 Bearer Gold Bond principal due June 1st., 1965Young Bond not cancelled + with coupons 1945-1965 + speculative value Original image - what you see is what you get With attached 41 Coupons 1945-1965 Not cancelled! With Coupons! Speculative value! Payable to bearer! No reserve price! You receive exactly the piece that is pictured (same number)! Condition: please look at the scans Only of collectors interest! International bidders can transfer the money to our bank or PayPal account. The Young bonds were issued in 1930. The gold-backed bonds were for $500 or $1,000. Prior to World War II, Adolf Hitler stopped payments on the bonds. Then in 1953, the London Debt Accord was reached to ease Germany’s financial woes. Under that agreement, bondholders could trade for bonds of lesser value or wait for the occurrence of three events: The repayment of all exchange bondholders, the passage of 40 years and the reunification of Germany. Only after those three events occurred would the bondholders be repaid, Ed Fagan says, adding: “Whoever thought that would happen?” Ed Fagan is a New York class-action lawyer who successfully sued Swiss banks on behalf of Holocaust victims in 1998.German magazine Der Spiegel reported in 2005 that a $1,000 bond would be worth as much as $840,000 today, with interest. Auktionshaus Gutowski Germany e-Mail: Mailing within 48h after receiving payment.Mailing costs Europe - registered priority mailing: US-$ 10 Rest of the world - registered priority mailing: (Deutsche Post / USPS signed for) US-$ 15 - Federal Express: 105 US-$ Last news: Bloomberg Businessweek, February 17, 2011 : A company founded by millionaire Fouad Al-Zayat is asking the U.S. Supreme Court to help it secure a payment of about $8 billion on German bonds that Adolf Hitler ordered into default 78 years ago. Al-Zayat, 69, began buying the debt more than a decade ago in a bet that Germany is still on the hook for bonds issued in near the end of the Weimar Republic, and that their value has soared because it’s tied to the price of gold. Mortimer Off Shore Services Ltd., a Nicosia, Cyprus-based company started by Al-Zayat and now run by his son and son-in-law, has spent millions of dollars on the investment and pursuing the claim in court, according to its attorney, Peder Garske. ... Al-Zayat started purchasing the bonds in the 1990s through Mortimer Off Shore, which he set up to make investments, Garske said. His son and son-in-law continued to buy the debt after they took control of the company, Garske said.The 30-year bonds were first sold in $1,000 increments in the U.S. and paid annual interest of 6.5 percent twice a year. To attract buyers, the debt included a clause that specified lenders could demand repayment in dollars equivalent to the value of gold. Gold sold for $20.66 an ounce on average in 1928, according to the Washington-based National Mining Association. $5 Million Each Mortimer Off Shore’s attorneys calculate that each $1,000 bond represents about 3,663.25 troy ounces of gold. When multiplied by the metal’s current price of about $1,365 an ounce, the firm estimates each of the 1,611 bonds held by the company, including unpaid interest and principal, is worth $5 million, or a total of $8 billion... 
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