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International Steam Pump Co., 1909 Specimen Bond

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:180.00 USD Estimated At:240.00 - 350.00 USD
International Steam Pump Co., 1909 Specimen Bond
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New Jersey. $1000 Specimen 5% 1st Lien Sinking Fund Gold Coupon Bond. Black print on large brown border and under tint, Image of steam pump at top, Specimen overprints, POC's, VF-XF condition, ABNC. Bond also 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.