1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

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Mac
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1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by Mac » 18 May 2017 17:42

1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN
Printed signature of Eamon de Valera (spelt phonetically in Irish as “de Bhailéara”).
These bonds were issued to raise funds for Dáil Éireann during the Irish War of Independence.

Specimens of the bonds are unusual.

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De Valera bond. Republic of Ireland Bond Certificate Ten Dollars.

Éamon de Valera, the president of the first Dáil, made a tour to the US in 1919. Whilst on this tour, over five million dollars was raised through the sale of these republican bonds.

However, he found himself on the losing side of the Irish Civil War which followed immediately after the end of the War of Independence in 1921, and a dispute arose regarding ownership of the money raised from the republican bonds in the US.
De Valera claimed the funds on behalf of his party. The government of the Irish Free State, under President William T. Cosgrave, also claimed the funds. The Irish High Court gave half the funds to the Irish government, and the other half of the funds remained on deposit in New York. In 1927, the New York Supreme Court ordered that the balance of the funds be returned to the original subscribers.

Several nice examples of these bonds have turned up in auction lately in Whytes, and other auction houses.

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by DOC » 20 May 2017 22:00

Interesting background to the issue of these bonds. Several denominations were issued, some of which are seldom seen. Here is an example of an issued $25 bond.

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by ThePloughman » 21 May 2017 03:26

What are the other denominations of this series?
I've seen pictures of the Fenian bonds up to 500 dollars.

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by DOC » 22 May 2017 00:03

I have seen reference to the following denominations: $10, $25, $50, $100, $250, $500, $1000, $5000 and $10,000.

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by ThePloughman » 22 May 2017 03:04

I wonder how many 10.000s they sold!

Have you any images of some of the higher denominations?

found a 50 by google:
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republican-50-dollar-de-valera-bond.jpg
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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by gaelicyoda » 22 May 2017 11:41

A couple of $100 dollar bonds were up in Whyte's in spring of last year...

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by gaelicyoda » 22 May 2017 12:13

... and here's one for you - anyone ever come across a $30 bond before?

Image

According to this, it looks like there was at least one further issuance after the original Jan. 21st 1920 issue - notice the issue date and the "Second External Loan" tag.

The War of Independence with Britain ended in a truce in July, 1921 so it's interesting that this issue would have taken place as the negotiations of the Anglo-Irish agreement were drawing to a close (which completed Dec. 6th, 1921). Hedging their bets I suppose in case it didn't turn out to their liking :)

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by Mac » 22 May 2017 15:42

Hmm, we're getting there!
We've got 10, 25, 30, 50, 100 so far...
The $30 has a very low number, it might have been a small issue.

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by DOC » 23 May 2017 23:45

Here is a $1,000 bond of the second type, 'Approved by Dail Eireann'.
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Bond Certificate 1000 15th Nov. 1921.jpg
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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by gaelicyoda » 24 May 2017 11:01

Wow - a lot of money in 1921!
Great to see one.... I wonder how elusive pictures of the $5,000 and $10,000 will be? (assuming they exist)

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by Mac » 25 May 2017 16:53

I guess there ought to be specimens of the $5,000 and $10,000 somewhere.
I can't imagine they would have sold too many of them!

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by Jenny007 » 27 Oct 2017 15:11

So I own a few of these and they both have a stamp embedded into the paper in the back. I assume all genuine bond notes should have that, and so assume one without is a reproduction? Any thoughts / insights are welcome

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Re: 1920 Republic of Ireland Bond Certificate Ten Dollars. SPECIMEN

Post by Mac » 28 Oct 2017 19:58

I'd say you're correct in your assumption there.
Genuine unissued bonds though might not have the embossed stamp, I don't know.

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