Since the bond was called, the coupons are not redeemable. As the description states, the bearer of the bond can redeem it for the principal at any time until 2047.
I suspect the consignor got a "deal" and will get something north of a milltion for it (perhaps $1,030,000). The buyer paid a $62,000 premium above face for this "collectible".
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I suspect the consignor got a "deal" and will get something north of a milltion for it (perhaps $1,030,000). The buyer paid a $62,000 premium above face for this "collectible".
<< <i> Not sure you'd want to put that on your wall. >>
Yea, but it's a hell of a conversation piece.