Chinese bank bond 1913 waterlow & sons

[jerryk]

Hi all!

I was wondering if anyone can give me some insight to the bond. I came across this today and was very curious. I have seen them at auction but was wondering on this particular one. any info would be so helpful and if any or no value. 

25,000,000 sterling , or marks 511,250,000, schuldverschreibung uber 409 mark

[mart]

What does the tiny print say below the red mark ??  Are you sure this isn`t a copy ??  Why would anyone frame a 5% Gold loan bank bond ??  There was another similar either coming up for sale or sold  at auction !!

[jerryk]

hi, Positive its not a copy, below the red marking it says wateflow and sons, i took it around town and also to a printer who was pretty impressed as to how i found this and the condition. The other two markings say eight shilinca i think .  the other looks to say 30.7.20

[mart]

Where did you find it ??  Still seems odd to me that anything backed by gold would wind up in a frame hanging on someones wall !!  Hope you understand what I mean !! Its just not what someone would normally do !!

[mart]

http://www.ebay.com/itm/Chinese-Government-5-Gold-Loan-20-Pound-Sterling-1913-uncanc-coupon-sheet/390822126117?_trksid=p2047675.c100011.m1850&_trkparms=aid%3D222006%26algo%3DSIC.FITP%26ao%3D1%26asc%3D22466%26meid%3D6504519655156474189%26pid%3D100011%26prg%3D9735%26rk%3D4%26rkt%3D10%26sd%3D321350456391

Found several for sale,, this one is on ebay !! All the others were between $150. and $200.  Not sure what the coupons were for !! And these were uncancelled bonds !!

[Rauville]

Where did you find it ??  Still seems odd to me that anything backed by gold would wind up in a frame hanging on someones wall !!  Hope you understand what I mean !! Its just not what someone would normally do !!

I think that's why they are called "Wallpaper Bonds". There has been a movement for years to get China to acknowledge their obligation to bonds that were defaulted on.
http://americanbondholdersfoundation.com/

[mart]

Ok !!  Well that explains it !!  But at least a few are selling !!

[jerryk]

Thanks all, to answer this was found at some thrift store just sitting there,. I was not going to buy it but really enjoyed the way it looked framed. Thinking that maybe i should check it,  can this perhaps be some fake? i opened the frame and on the back found the coupons. I did see that ebay listing and not all that bad for a 10.00 dollar find.

[mart]

I would say you did well !! Nice find !!

[Ipcress]

Plenty of copies about. Remove it from the frame, check for the coupons and watermarks

Like the look of the stamps on yours though.

[jerryk]

I removed it from the frame coupons were there