Sales of Paper Savings Bonds End

Dec 30, 2011

For 76 years, parents and grandparents have purchased paper savings bonds as Christmas, birthday and graduation gifts for children and grandchildren. Schools and organizations purchased bonds to present as prizes for contests. Patriotic Americans bought Defense Savings Bonds — informally, "War Bonds" — during the World War II. Savings bonds became a means for families to invest and help their country. Messages about buying savings bonds and stamps appeared in television programs such as "Father Knows Best" and "Lassie." Later, they became a popular item on the Henderson Lions Club annual TV auction.