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International Steam Pump Co., 1909 Specimen Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:110.00 USD Estimated At:180.00 - 250.00 USD
International Steam Pump Co., 1909 Specimen Bond
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The auction will take place on March 14th at AIA's office located at 1580 Lemoine Ave., Suite #7, Fort Lee, NJ 07024 beginning at 10:30 AM.
New Jersey. $1000 Specimen 5 % 1st Lien 20 Year Sinking Fund Gold Bond. Black print with an ornate brown border and under print. Vignette of a steam pump with a man standing beside it at top center of certificate. Specimen overprints, POC's, VF-XF condition, ABNC. Bond is payable in Sterling, Francs and Guilders. Benjamin Guggenheim was an heir in the wealthy Guggenheim family. At the age of 20, Guggenheim went to Colorado to handle the family's mines in Leadville. After taking a break in Europe, Guggenheim returned to the United States and started building mining machinery. That business later became part of the International Steam Pump Company in 1906. Guggenheim was elected president in 1909. Following a trip to Europe in 1912, he decided to sail on the maiden voyage of the Titanic in which he perished.