US Treasury Bonds

[Icymudpuppy]

I have US treasury bonds that I purchased in May 2000 which I bought for two thousand dollars. Each individual certificate is serial numbered with a face value of $200.

They are supposed to reach full maturity in 2012. Anybody know when they should be cashed, How to cash them, and What their value should be worth today, and what it will be worth at full maturity?

[tmosley]

I think you can cash them at a bank, but I'm not sure. I believe that they are worth face value at maturity, where they are bought at a discount.

I would suggest you cash them out NOW.

[Zippyjuan]

If the interest rate it offers is lower than currently issued bonds, you may have to sell it at a loss or discount to its face value (since a buyer could get a better return buying a currently issued bond). There is information on the net about how to sell your bond if that is indeed your intention. Here is the first hit:
http://www.ehow.com/how_2075601_sell-savings-bonds.html
More at the link.

Since most bonds issued by the United States Treasury are extremely liquid, and easy to redeem through a number of methods, you should have no problem successfully selling savings bonds. You can use a secondary market, such as a brokerage house, to sell your bonds, or save some money by dealing directly with the US Treasury Department.

[Johnnybags]

http://www.treasurydirect.gov/BC/SBCPrice


You plug in the info. My guess is if you have 200 face you paid about half or 100 and after 10 years its probably worth 160 bucks. At maturity you get the full 200.

[Jordan]

I'm just going to go ahead and assume these are EE savings bonds.

Take them to the bank, hand them to the teller, she'll give you back $1420.80.

Enjoy

[Icymudpuppy]

Got $1586

Paid off some debt.

-Jack

[Johnnybags]

Got $1586

Paid off some debt.

-Jack

Now, never again invest in US treasuries if they pay you back in Federal reserve notes.