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WWI Victory Liberty Loan Medal [147148]

Currency:USD Category:Coins & Paper Money / Exonumia - Medals Start Price:25.00 USD Estimated At:50.00 - 100.00 USD
WWI Victory Liberty Loan Medal [147148]
SOLD
45.00USDto d*******f+ buyer's premium (11.25)
This item SOLD at 2022 Jul 23 @ 14:03UTC-7 : PDT/MST
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The obverse side features in its middle a picture of the White House, with an eagle underneath Around the edge of the medal is written, "VICTORY LIBERTY LOAN." On the reverse, are the words "AWARDED BY THE U.S. TREASURY DEPARTMENT FOR PATRIOTIC SERVICE IN BEHALF OF THE LIBERTY LOANS." Around the edge is written "MADE FROM CAPTURED GERMAN CANNON." From WWI, Ribbon and medal, ribbon is worn. The Government always needs more money, and the Great War, or "War to End All Wars," was to be no exception. Liberty loans or bonds were sold by the federal government during World War I (1917-1919) to raise money for the war. These were labeled as 'loans,' because they promised interest to the bearer.

As one advertisement from the period wrote: "The money to be raised by the Victory Liberty loan already has been spent. It furnished the "'punch'" that won the war and saved the lives of 100,000 of America's bravest boys. It is this unshed blood you are paying for when you subscribe to the Victory Liberty loan."
On March 3, 1919, the "Victory Liberty Loan Act" was signed into law.
The medals were made from German cannons captured by American troops at Chateau Thierry. These cannons were melted, and the metal roiled into sheets, from which the medals are made, and conferred by the Treasury Department on volunteers in the Victory Liberty loan campaign volunteers.



Date: 1919 c
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