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1929 Gold Debenture Certificate Lot of (130)

Lot Number 1667

Quantity: Bid Starts: 07/26/2019 12:00:00 
Bid Open: 100.00  Bid Ends: 08/08/2019 22:00:00 
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On the eve of the "Great Depression", the Roselawn Memorial Park of Monroe, Michigan sought to raise $175,000 in capital by issuing a series of gold debenture certificates. Offered are (130) of these certificates dated "10/10/29", with promise to repay the principal on "10/1/34". Printed sections on each certificate cite annual interest payments of 7% in gold coins, with both principal and interest payments to be made at the office of the Metropolitan Trust Company in Detroit. Featured certificate quantities are: (53) with a face value of $1,000; (45) at $500; and (32) at $100, for a total of $77,700, a considerable sum for the period. All of these (130) certificates remain in a well-preserved state, with clean surfaces and an excellent degree of crispness and each bears the signatures of the issuing corporation's officers.

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