We are Lapo Numismatics, We supply collectors with 100% original historical bonds, banknotes, collectibles and antiques, at the best price and in the shortest possible time.
Product Details:
1924 German External Loan – 7% Gold Bond – $100
1924 - GERMAN EXTERNAL LOAN GOLD BOND $100 - 10 COUPONS
🇩🇪 1924 German External Loan $100 Gold Bond Dawes Loan
The 1924 German External Loan 7% Gold Bond $100 is one of the most important international sovereign bonds of the twentieth century. Commonly known as the Dawes Loan, this historic security was issued as part of the international effort to stabilize Germany's economy following World War I and remains one of the most recognizable bonds in financial history.
Featuring a striking allegorical portrait of Germania, intricate security engraving, and the official seal of the German Reich, this bond is highly sought after by collectors of historic bonds, economic history, and international finance.
🏛️ Historical Context
Following World War I, Germany faced severe economic challenges, including hyperinflation, political instability, and the burden of reparations imposed by the Treaty of Versailles.
To address these issues, the Dawes Plan was introduced in 1924 under the leadership of American banker and future U.S. Vice President Charles G. Dawes.
The Dawes Plan:
• Reorganized Germany's reparations payments
• Stabilized the German currency and banking system
• Encouraged foreign investment in Germany
• Helped restore confidence in the German economy
The centerpiece of the program was the German External Loan of 1924, one of the largest international bond offerings of its time.
💵 Key Features of the Bond
Official Name: German External Loan of 1924
Common Name: Dawes Loan Bond
Denomination: $100 United States Dollars
Interest Rate: 7% Annual Interest
Issue Year: 1924
Issuer: German Reich (Weimar Republic)
Currency: U.S. Dollars
Total U.S. Issue: $110,000,000
Type: Gold Bond
🌎 International Banking Consortium
The Dawes Loan was marketed globally and supported by many of the world's most prestigious financial institutions.
Participating firms included:
• J.P. Morgan & Co.
• Bankers Trust Company
• N M Rothschild & Sons
• Kuhn, Loeb & Co.
• Leading banking groups throughout Europe and North America
This broad international participation made the loan one of the most successful sovereign bond offerings of the interwar period.
📜 Historical Significance
The 1924 German External Loan is considered a landmark in international finance because it:
✔ Helped stabilize post-war Germany
✔ Played a major role in European economic recovery
✔ Became one of the most famous sovereign bonds ever issued
✔ Represents a key chapter in global financial history
✔ Is directly associated with the Dawes Plan
Following the economic and political turmoil of the 1930s, these bonds became historic artifacts that today are collected for their significance rather than financial value.
🎨 Outstanding Design
This impressive certificate features:
• Large allegorical portrait of Germania
• Detailed steel-engraved border work
• Official German Reich seal
• English and German text
• Original signatures and validation markings
• Classic 1920s security printing craftsmanship
The elegant black-and-gray design makes it one of the most attractive European sovereign bonds of the era.
This is a secure site, we are members of:
- American Numismatic Association
- PMG
