$500,000 Farmer Bond with Pass-Co also available. See second scan. Price only $350,000. Please email.
OUR LAST & ONLY ONE ON EBAY!!!
LAST CHANCE - NOW OR NEVER!!
PLEASE SUBMIT YOUR BEST OFFER NOW
Serial number and Pass-Co number will be provided on payment of a 10% deposit only. Please email to make further payment and delivery arrangements.
500,000 Yuan Farmer Bond also available (cash only, no KYC's). Please email.
FARMERS BANK OF CHINA $250,000 BOND
LIVING CHINESE HISTORY TO HAVE AND TO HOLD!!
Here it is folks. The bond that EVERYONE has been talking about and that EVERYONE wants, available at just $99,995, not $250,000 and up as typically offered. If you are serious about collecting or investing in the RAREST of Chinese Speculative Bonds, you must have this one to be in the game. Rumor has it that it could be worth as much as $1B to $10B or more. However, there is no warranty as to speculative or redemption value!
This is the exceedingly rare original 1933 Farmers Bank bond (not the more common 1947 Land Bond), and this is the highest denomination issued - $250,000 (a staggering sum in 1933). The offered bond remains 100% UNCANCELLED with ALL ORIGINAL COUPONS!
Almost all bonds of this type and denomination are heavily worn, torn and or stained. However, the offered example remains in exceptionally nice collectible condition.
The only Farmers Bank of China currently for sale in this condition on Ebay! Don't lose it, as another one may not appear for a long long time - if at all!!
U.S. Shipping includes insurance. Bond may be picked up in New York City.
Foreign buyers must pay insurance or arrange for pickup in NYC.
Issued by Farmers Bank of China
Face Value: $250,000
Term: 10 Years
Interest: 10% per Annum (one of the highest rates of any bond in the world!).
REPUBLIC OF CHINA FARMER BANK OF CHINA BOND ISSUE 1933 Uncancelled with Coupons. Included with the Bond is a Certificate of Authenticity from Pass.Co.!!
HISTORY, etc.
The Farmers Bank of China was founded on April 1, 1933 in Hankou. It was created out of an amalgamation of provincial agricultural banks in Henan, Hubei, Anhui and Jiangxi. Governed by the Farmers Bank of China Law, the Bank was established to stimulate agricultural development by providing lines of credit to farmers and rural landowners. The loans were intended for use to purchase equipment and crops.
The Bank was originally under majority government ownership and this loan was guaranteed by the government. It became one of the four major banks of the Republic of China. Along with the Central Bank of China, Bank of China, and Bank of Communications, the Farmers Bank was allowed to issue its own currency until 1942.
Once the Communist Party gained power in 1949, the Bank defaulted on this bond. However, under international treaties such as Basel 5, China remains legally obligated to redeem its outstanding bonds such as this one (when/if this happens or is happening the highest denominations like this one will be redeemed FIRST!)
The Bank was twice forced by war to relocate with the Kuomintang Central Government, first to Chongqing in 1937 and later to Taipei in 1949. However, it was not until 1967 that the bank resumed operations after relocating to Taiwan. The Government of the People's Republic of China incorporated the bank's Mainland assets into the People's Bank of China, but later transferred these to the Agricultural Bank of China.
From 1967 until 2006, the bank opened and operated 107 branches throughout Taiwan. It also operated overseas offices in Los Angeles and Seattle, Washington State. The bank was the 14th largest lender in the Republic of China as of 2006.
The government of the Republic of China undertook a reform of the banking industry in 1992 with the listing of government owned banks on the stock exchange. The Farmers Bank of China was partially privatised in 1994, and all government shares were put on the market in 1999. Accordingly, the Farmers Bank of China Law was repealed in 2005.
The bank was acquired by the Taiwan Cooperative Bank.
ULTRA RARE $500,000 FARMERS BOND AVAILABLE for ONLY $350,000! POTENTIALLY WORTH MILLIONS!