Archives International Auctions announces details of their upcoming sale on Thursday June 15th 2017, at Fort Lee, New Jersey. The sale includes nearly 250 stocks and bonds spread over several sections such as China, imperial Russian specimen bonds, US Federal Bonds & Liberty Loans, State of Israel bonds, US City and US Railroad bonds and more.
One of the remarkable items in the auction is a California Tenth Olympiad Bond Act of 1927 bond proof. The Act authorized a $1 million dollar loan to finance the 1932 Summer Olympics in Los Angeles.
One of the remarkable items in the auction is a California Tenth Olympiad Bond Act of 1927 bond proof. The Act authorized a $1 million dollar loan to finance the 1932 Summer Olympics in Los Angeles.
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| $1000 bond proof "California Tenth Olympiad Bond Act of 1927" Below the Olympic rings there is a motto printed : Citius, Altius, Fortius, which is Latin for Faster, Higher, Stronger. |
The Games of the X Olympiad took place during the Great Depression. There were no other cities that made a bid to host these Olympics, except for Los Angeles. It was here that for the first time an Olympic Village was built, for male athletes. The Chapman Park Hotel was home to the female athletes. Another premiere introduced was the victory podium. These were the first Games that exceeded one million spectators.
This proof bond offered in the auction is a historic Olympic item that helped finance the 1932 Los Angeles Olympics. Only two of these were found in archives as proofs, no specimens were found. The first one sold for $1400 in AIA's January 2007 auction.
Auction details
- Date : June 15, 2017
- Place : Fort Lee, NJ
- Further info : see here, virtual catalogue see there and PDF version here
F.L.
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