Result list 10 April 2021

The results of our April 10 sale are now online. Unsold items can be obtained in our aftersale until May 9 (first come, first served). .

Lotnumber: 566
6% Secured Sinking Fund Gold Bond of $500. orange, black. No 587. Generally worn condition with quite a bit of edge-damage and heavy central fold. Bond of a loan raised in London and New York by the Greek Government in 1928, repayable by 1968. After the Greek population of Asia Minor was driven out by Ataturk, after WW1, the population of Greece increased by 20%, mostly destitute. A loan was raised in 1924 to finance the resettlement of these refugees, but proved insufficient. By 1926 the drachma had lost 95% of its prewar value, and further finance was urgently needed. This loan was raised, for three purposes - to repay part of the state debt (thus helping to stabilise the drachma), to pay outstanding budget arrears, and to help the settlement of refugees. Text in English and Greek, and vignette of Mercury.
Themes: GOVERNMENT BONDS
GREAT BRITAIN, GREECE, TURKEY
BRADBURY WILKINSON & CO.
Date: 1 February 1928
Quality: F
Startprice: € 50