U.S. Treasury Savings Bond

U.S. Treasury Savings Bond

Here’s the first of many surprises I’d forgotten interning within my time capsule.

In the summer of 1992, as I headed to college after graduating high school, my brother’s godmother gifted me an United States Treasury savings bond.

Specifically it was a Series EE note, designed to fully-mature after 30 years, which ironically was “checks notes” now in 2022. So much time has passed that the Treasury Department no longer issues these in paper form, so I now own my first antique!

Full photo of my U.S. Treasury Savings Bond.

The item itself was in rough shape, having taken liquid damage like many other of its neighboring time capsule contents. Despite the wear-and-tear, it remains legible — and redeemable!

The bond was originally purchased for $25. Per the Consumer Price Index inflation calculator (assuming you trust it), $25 in July 1992 has the same buying power as $51.16 today. Series EE bonds were designed to be redeemable at twice the purchase amount, so I was guaranteed at least $50. But according to the Treasury Department, the bond performed well, and has accumulated enough interest to make the total redeemable value exceed $100! It’s not often that one beats inflation…thanks, Biden!

If I had been smart, I would have placed more than just one savings bond in my time capsule. However, my graduation from UNT with an art degree & history minor tells you everything about my intelligence.

At least drinks are on me!