246
1920 (21 January) Republic of Ireland Bond Certificate for One Hundred Dollars.
Starting Bid: €280
Estimate:
€400 - €600
Ended
Timed Auction
The Eclectic Collector - Timed Auction
Size
5.75 by 8.50in. (14.6 by 21.6cm)
Description
Description: Issued by Dáil Eireann, with printed signatures of Sean Noonan, Registrar, and Eamon de Valera ('Eamon de Baileara'). Number 2001. Issued to Michael Hanrahan. A very rare denomination
Note: Issued to raise funds for Dáil Éireann. Éamon de Valera, the president of the first Dáil, issued this bond in 1920 during the War of Independence. While on his American tour, de Valera raised over five million dollars through the sale of republican bonds. In the aftermath of the Irish Civil War, a dispute arose regarding the money raised by the earlier sale of the republican bonds in America. De Valera claimed the funds on behalf of his party. The Free State government, under President William T. Cosgrave, also claimed the funds. While the Irish High Court remitted half the funds to the Irish government, the other half remained on deposit in New York. In 1927, the New York Supreme Court ruled for neither Cosgrave nor de Valera and ordered that the balance of the funds be returned to the original subscribers.
Note: Issued to raise funds for Dáil Éireann. Éamon de Valera, the president of the first Dáil, issued this bond in 1920 during the War of Independence. While on his American tour, de Valera raised over five million dollars through the sale of republican bonds. In the aftermath of the Irish Civil War, a dispute arose regarding the money raised by the earlier sale of the republican bonds in America. De Valera claimed the funds on behalf of his party. The Free State government, under President William T. Cosgrave, also claimed the funds. While the Irish High Court remitted half the funds to the Irish government, the other half remained on deposit in New York. In 1927, the New York Supreme Court ruled for neither Cosgrave nor de Valera and ordered that the balance of the funds be returned to the original subscribers.
Condition
Folded, overall light toning, very good, framed and glazed.
