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Old 07-05-2011, 10:08 PM   #1 (permalink)
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Default 1945 series e war bonds?

hey guys. a co-worker of mine did some garage sale shopping this weekend and bought a couple ammunition boxes. after getting them home, he found six 1945 series e war bonds. two being a value of $500, the other four being $1000. can he take these to a bank and cash them (as they are issued to someone else)? are they worth money as collectors items? if anyone has any advice on what he should do with these, please let me know so i can pass the information his way.

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Old 07-05-2011, 10:08 PM   #2 (permalink)
  • Join Date: May 2011
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Default 1945 series e war bonds?

First - they are very valuable. The bonds accrued interest for 40 years, gaining value to 3.6 times face value (or close). That means the bonds are worth almost $18,000.

Second - you have to prove that you are the rightful owner of these bonds. Ouch. I don't think a garage sale receipt is going to do it. The bonds really need to be redeemed by the person who bought them or a rightful heir. I think your friend probably needs to do the right thing here and call the person he bought them from and explain that he bought some very valuable things at the garage sale but they still belong to the rightful heir (or maybe the person who bought them). He ought to insist on getting a really nice home-cooked meal at least out of this.
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