3

DuPont American Industries Bond Collateralized with 7 Million Shares of GM.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:0.00 USD Estimated At:500.00 - 1,000.00 USD
DuPont American Industries Bond Collateralized with 7 Million Shares of GM.

Bidding Over

The auction is over for this item.
The auctioneer wasn't accepting online bids for this item.

Contact the auctioneer for information on the auction results.

Search for other items to bid on...
Auction Date:2010 Apr 15 @ 11:00 (UTC-4 : AST/EDT)
Location:Crowne Plaza Hotel. 401 South Van Brunt St, Englewood, New Jersey, 07631, United States
Delaware, 1921, Specimen $100,000. 6% Secured Serial Coupon Gold Bond, Series F. Orange border w/ eagle vignette. Perfin canceled. , XF. In 1914, Pierre S. du Pont invested in the fledgling automobile industry, buying stock of General Motors (GM). The following year he was invited to sit on GM's board of directors and would eventually be appointed the company's chairman. In 1921, the "DuPont American Industries, Inc. was formed to financially help GM out of difficult financial conditions by issuing bonds collateralized by the 7 Million shares of GM stock DuPont owned. In 1920, Pierre S. du Pont was elected president of General Motors. Under du Pont's guidance, GM became the number one automobile company in the world. This bond represent DuPonts financed purchase of 7 Million shares of stock. Rare bond with only 2 found in the archive.