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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.
Auction Location:
Crowne Plaza Hotel. 401 South Van Brunt St, Englewood, New Jersey, 07631, United States
Previewing Details:
Monday through Wednesday, April 12th to 15th, 2010 – 9:00 AM to 7:00 PM
Thursday, April 15th, 2010 – 8:00 AM to 7:30 PM
Friday, April 16th, 2010 – 8:30 AM to 10:30 AM
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
18% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
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APPLICABLE LAW, JURISDICTION, ETC.
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of the Courts of the State of New Jersey or New York and of
the Courts of the United States for a judicial district within the territorial
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to the purchase at the address given to the auctioneer at the time of
the sale.
BIDDING STEPS
12. Bidding Steps shall be as follows:
BIDS BY TELEPHONE
(a) Must be confirmed in writing unless waived by the auctioneer.
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(c) No bids accepted less than 1 hour before the commencement of
the sale.
BIDS BY FAX OR EMAIL
Bids must be received 1 hour before sale commences — be sure to
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