2006-06-05 14:50:59 · 31 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Depending on what type (I, E, EE) it will be worth $1000 - $6000. Go here: http://wwws.publicdebt.treas.gov/BC/SBCPrice
I'm guessing its an E bond which would make it worth more than $5000.
You can check the value there. US savings bonds generally only accrue interest for 30 years, so it has reached its maximum value. Go turn it in and get some cash!
2006-06-05 14:56:13 · answer #1 · answered by Amanda 3 · 1⤊ 1⤋
Bonds were sold at a slight discount and guaranteed to pay the face amount on maturity. I believe the time from purchase to maturity was twenty years, but I'm not positive. Certainly, the bond has matured by now and is worth at least the face value if you decide to cash it. Before you do that though, you might try to find out if it has any collectable value like coins and other objects acquire as time passes. It's value to a collector might be more than the cash value.
Good luck!
2006-06-05 15:00:30 · answer #2 · answered by quietwalker 5 · 0⤊ 0⤋
Someone lent the US government $1000. The government owes the holder of that bond $1000. back. The deal is, the government pays interest for your loan. The bond is worth at least $1000. Definately more.
2006-06-05 14:54:47 · answer #3 · answered by ducttape_impalas 2 · 0⤊ 0⤋
It would have matured around 1985 I believe, at which time you would have earned your $1,000 principle "face-value" amount. From then on, you've been earning interest on it. Don't listen to M1ndless, because inflation would actually hurt your investment, making it worth less than what you paid for it in the first place, but don't fret, inflation has been kept low since the 80's! You will have to pay tax on the interest you earned on it when you cash it at a bank though!
2006-06-05 14:54:43 · answer #4 · answered by ehwrealdeal 1 · 0⤊ 0⤋
It is worth more than $1 G depending on the interest rate on the bond and the time period (usually 30 years). It has probably st oped earning interest. Check this site... it will tell you the value of your bond. http://www.publicdebt.treas.gov/sav/savprice.htm
2006-06-05 14:56:09 · answer #5 · answered by Steve Austin ($6MM Man) 1 · 0⤊ 0⤋
well it could be worth more than 1000 just go to your neighborhood bank or call to check the value all you need is the date and what type of bond it is Series
2006-06-05 14:53:38 · answer #6 · answered by casparin0324 6 · 0⤊ 0⤋
at the very least it is worth 1000.00 but if you can help it, dont cash it in just yet. let it sit there, by time you get ready to retire you will be set for life.
2006-06-05 14:53:45 · answer #7 · answered by crystal w 3 · 0⤊ 0⤋
It's worth 1000.00 plus interest.
2006-06-05 14:53:10 · answer #8 · answered by Georgia Girl 7 · 0⤊ 0⤋
i think you'd have to bring it in a bank and they would tell you. i have canadian saving bonds, and every few years they mature, meaning they become worth more than what was originally paid for. i would assume that that would be the case, so i think it's now worth a lot more since it's so old. but it has to be in your name i think in order for you to cash it in or you can buy more with it.
2006-06-05 14:55:24 · answer #9 · answered by Mel C 2 · 0⤊ 0⤋
It's worth more than a thousand dollars. Contact your bank for the exact value.
2006-06-05 14:53:03 · answer #10 · answered by ☼Jims Brain☼ 6 · 0⤊ 0⤋