{"product_id":"1924-german-external-loan-7-gold-dawes-bond-100","title":"1924 German External Loan – 7% Gold Dawes Bond – $100","description":"\u003cp\u003e\u003cstrong\u003eWe are Lapo Numismatics,\u003c\/strong\u003e\u003cspan\u003e We supply collectors with 100% original historical bonds, banknotes, collectibles and antiques, at the best price and in the shortest possible time.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan\u003e\u003cmeta charset=\"UTF-8\"\u003e \u003cstrong\u003eProduct Details: \u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003e1924 German External Loan – 7% Gold Bond – $100 \u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e1924 - GERMAN EXTERNAL LOAN GOLD BOND $100 - 10 COUPONS\u003c\/p\u003e\n\u003ch2 data-start=\"0\" data-end=\"69\"\u003e🇩🇪 \u003cstrong data-start=\"10\" data-end=\"69\"\u003e1924 German External Loan $100 Gold Bond Dawes Loan\u003c\/strong\u003e\n\u003c\/h2\u003e\n\u003cp data-start=\"71\" data-end=\"441\"\u003eThe \u003cstrong data-start=\"75\" data-end=\"126\"\u003e1924 German External Loan  7% Gold Bond $100\u003c\/strong\u003e is one of the most important international sovereign bonds of the twentieth century. Commonly known as the \u003cstrong data-start=\"234\" data-end=\"248\"\u003eDawes Loan\u003c\/strong\u003e, 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.\u003c\/p\u003e\n\u003cp data-start=\"443\" data-end=\"685\"\u003eFeaturing a striking allegorical portrait of \u003cstrong data-start=\"488\" data-end=\"500\"\u003eGermania\u003c\/strong\u003e, 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.\u003c\/p\u003e\n\u003chr data-start=\"687\" data-end=\"690\"\u003e\n\u003cp data-start=\"692\" data-end=\"718\"\u003e🏛️ \u003cstrong data-start=\"696\" data-end=\"718\"\u003eHistorical Context\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"720\" data-end=\"900\"\u003eFollowing World War I, Germany faced severe economic challenges, including hyperinflation, political instability, and the burden of reparations imposed by the Treaty of Versailles.\u003c\/p\u003e\n\u003cp data-start=\"902\" data-end=\"1061\"\u003eTo address these issues, the \u003cstrong data-start=\"931\" data-end=\"945\"\u003eDawes Plan\u003c\/strong\u003e was introduced in 1924 under the leadership of American banker and future U.S. Vice President \u003cstrong data-start=\"1040\" data-end=\"1060\"\u003eCharles G. Dawes\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp data-start=\"1063\" data-end=\"1078\"\u003eThe Dawes Plan:\u003c\/p\u003e\n\u003cp data-start=\"1080\" data-end=\"1275\"\u003e• Reorganized Germany's reparations payments\u003cbr data-start=\"1124\" data-end=\"1127\"\u003e• Stabilized the German currency and banking system\u003cbr data-start=\"1178\" data-end=\"1181\"\u003e• Encouraged foreign investment in Germany\u003cbr data-start=\"1223\" data-end=\"1226\"\u003e• Helped restore confidence in the German economy\u003c\/p\u003e\n\u003cp data-start=\"1277\" data-end=\"1410\"\u003eThe centerpiece of the program was the \u003cstrong data-start=\"1316\" data-end=\"1348\"\u003eGerman External Loan of 1924\u003c\/strong\u003e, one of the largest international bond offerings of its time.\u003c\/p\u003e\n\u003chr data-start=\"1412\" data-end=\"1415\"\u003e\n\u003cp data-start=\"1417\" data-end=\"1448\"\u003e💵 \u003cstrong data-start=\"1420\" data-end=\"1448\"\u003eKey Features of the Bond\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"1450\" data-end=\"1779\"\u003e\u003cstrong data-start=\"1450\" data-end=\"1468\"\u003eOfficial Name:\u003c\/strong\u003e German External Loan of 1924\u003cbr data-start=\"1497\" data-end=\"1500\"\u003e\u003cstrong data-start=\"1500\" data-end=\"1516\"\u003eCommon Name:\u003c\/strong\u003e Dawes Loan Bond\u003cbr data-start=\"1532\" data-end=\"1535\"\u003e\u003cstrong data-start=\"1535\" data-end=\"1552\"\u003eDenomination:\u003c\/strong\u003e \u003cstrong data-start=\"1553\" data-end=\"1583\"\u003e$100 United States Dollars\u003c\/strong\u003e\u003cbr data-start=\"1583\" data-end=\"1586\"\u003e\u003cstrong data-start=\"1586\" data-end=\"1604\"\u003eInterest Rate:\u003c\/strong\u003e 7% Annual Interest\u003cbr data-start=\"1623\" data-end=\"1626\"\u003e\u003cstrong data-start=\"1626\" data-end=\"1641\"\u003eIssue Year:\u003c\/strong\u003e 1924\u003cbr data-start=\"1646\" data-end=\"1649\"\u003e\u003cstrong data-start=\"1649\" data-end=\"1660\"\u003eIssuer:\u003c\/strong\u003e German Reich (Weimar Republic)\u003cbr data-start=\"1691\" data-end=\"1694\"\u003e\u003cstrong data-start=\"1694\" data-end=\"1707\"\u003eCurrency:\u003c\/strong\u003e U.S. Dollars\u003cbr data-start=\"1720\" data-end=\"1723\"\u003e\u003cstrong data-start=\"1723\" data-end=\"1744\"\u003eTotal U.S. Issue:\u003c\/strong\u003e $110,000,000\u003cbr data-start=\"1757\" data-end=\"1760\"\u003e\u003cstrong data-start=\"1760\" data-end=\"1769\"\u003eType:\u003c\/strong\u003e Gold Bond\u003c\/p\u003e\n\u003chr data-start=\"1781\" data-end=\"1784\"\u003e\n\u003cp data-start=\"1786\" data-end=\"1825\"\u003e🌎 \u003cstrong data-start=\"1789\" data-end=\"1825\"\u003eInternational Banking Consortium\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"1827\" data-end=\"1941\"\u003eThe Dawes Loan was marketed globally and supported by many of the world's most prestigious financial institutions.\u003c\/p\u003e\n\u003cp data-start=\"1943\" data-end=\"1972\"\u003eParticipating firms included:\u003c\/p\u003e\n\u003cp data-start=\"1974\" data-end=\"2129\"\u003e• J.P. Morgan \u0026amp; Co.\u003cbr data-start=\"1993\" data-end=\"1996\"\u003e• Bankers Trust Company\u003cbr data-start=\"2019\" data-end=\"2022\"\u003e• N M Rothschild \u0026amp; Sons\u003cbr data-start=\"2045\" data-end=\"2048\"\u003e• Kuhn, Loeb \u0026amp; Co.\u003cbr data-start=\"2066\" data-end=\"2069\"\u003e• Leading banking groups throughout Europe and North America\u003c\/p\u003e\n\u003cp data-start=\"2131\" data-end=\"2259\"\u003eThis broad international participation made the loan one of the most successful sovereign bond offerings of the interwar period.\u003c\/p\u003e\n\u003chr data-start=\"2261\" data-end=\"2264\"\u003e\n\u003cp data-start=\"2266\" data-end=\"2296\"\u003e📜 \u003cstrong data-start=\"2269\" data-end=\"2296\"\u003eHistorical Significance\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"2298\" data-end=\"2389\"\u003eThe 1924 German External Loan is considered a landmark in international finance because it:\u003c\/p\u003e\n\u003cp data-start=\"2391\" data-end=\"2646\"\u003e✔ Helped stabilize post-war Germany\u003cbr data-start=\"2426\" data-end=\"2429\"\u003e✔ Played a major role in European economic recovery\u003cbr data-start=\"2480\" data-end=\"2483\"\u003e✔ Became one of the most famous sovereign bonds ever issued\u003cbr data-start=\"2542\" data-end=\"2545\"\u003e✔ Represents a key chapter in global financial history\u003cbr data-start=\"2599\" data-end=\"2602\"\u003e✔ Is directly associated with the Dawes Plan\u003c\/p\u003e\n\u003cp data-start=\"2648\" data-end=\"2821\"\u003eFollowing the economic and political turmoil of the 1930s, these bonds became historic artifacts that today are collected for their significance rather than financial value.\u003c\/p\u003e\n\u003chr data-start=\"2823\" data-end=\"2826\"\u003e\n\u003cp data-start=\"2828\" data-end=\"2853\"\u003e🎨 \u003cstrong data-start=\"2831\" data-end=\"2853\"\u003eOutstanding Design\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp data-start=\"2855\" data-end=\"2892\"\u003eThis impressive certificate features:\u003c\/p\u003e\n\u003cp data-start=\"2894\" data-end=\"3135\"\u003e• Large allegorical portrait of \u003cstrong data-start=\"2926\" data-end=\"2938\"\u003eGermania\u003c\/strong\u003e\u003cbr data-start=\"2938\" data-end=\"2941\"\u003e• Detailed steel-engraved border work\u003cbr data-start=\"2978\" data-end=\"2981\"\u003e• Official German Reich seal\u003cbr data-start=\"3009\" data-end=\"3012\"\u003e• English and German text\u003cbr data-start=\"3037\" data-end=\"3040\"\u003e• Original signatures and validation markings\u003cbr data-start=\"3085\" data-end=\"3088\"\u003e• Classic 1920s security printing craftsmanship\u003c\/p\u003e\n\u003cp data-start=\"3137\" data-end=\"3243\"\u003eThe elegant black-and-gray design makes it one of the most attractive European sovereign bonds of the era.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThis is a secure site, we are members of:\u003c\/strong\u003e\u003cbr\u003e\u003cbr\u003e\u003cspan\u003e- \u003c\/span\u003e\u003cspan style=\"font-weight: 400;\"\u003eAmerican Numismatic Association\u003cbr\u003e- PMG\u003c\/span\u003e\u003c\/p\u003e","brand":"Lapo Numismatics","offers":[{"title":"Default Title","offer_id":49169902305588,"sku":null,"price":1490.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0757\/4968\/7604\/files\/GERMANBOND1924_100.jpg?v=1782319167","url":"https:\/\/laponumismatics.com\/products\/1924-german-external-loan-7-gold-dawes-bond-100","provider":"Lapo Numismatics","version":"1.0","type":"link"}