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10 Dollars War Savings Bond Series E
| Issuer | United States Department of the Treasury |
|---|---|
| Year | 1944 |
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| Value | Log in to see details |
| Currency | Dollar (1785-date) |
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| Obverse description | Portrait vignette of Benjamin Franklin in three-quarter profile facing right, positioned at left. The legend 'War Savings Bond Series E' appears in red letterpress in the lower left corner, with an issue date stamp at right. The serial number is printed in the lower right corner. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse is entirely textual in nature, presenting printed instructions and legal terms in multiple sections covering the request for payment procedure, payment instructions, terms and conditions of the bond, and a redemption values table. |
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| Comments |
Series E bonds were sold at 75% of face value — a $10 bond cost $7.50 and matured to full value over ten years. First introduced in May 1941 under Roosevelt's personal promotion as a democratic savings instrument, the Series E was deliberately designed to be accessible to wage earners rather than institutional investors, with denominations starting as low as $25 face value. The $10 denomination is sometimes called a "baby bond" within the series, aimed squarely at factory workers contributing through payroll deduction schemes.
By war's end, over 85 million Americans held Series E bonds — roughly one in every two people. The 1944 issues were printed during peak wartime demand, when the Treasury was running simultaneous war loan drives.