Origin: Liberty loans, also known as liberty bonds, were sold by the United States government during World War I to help finance the Allied forces. The purchase of these bonds was seen as a patriotic duty by the American public, and many chose to show their patriotism by wearing these pins.
Five rounds of liberty loans were issued, starting in April of 1917. The sale of bonds raised about $16.7 billion during the war (equal to about $339.8 billion today). Aside from helping to finance the war effort, they also introduced many Americans to the idea of financial securities for the first time.
These metal backed pins were manufactured in 1917 in Coshocton, Ohio by American Art Works, a firm responsible for producing dozens of iconic signs, trays, and other advertising material in the 20th century. All are still in wearable condition, although they are relatively fragile due to being over 100 years old.
Each includes a Certificate of Authenticity.
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"Lansing, Michigan raised its largest Liberty Loan quota in eight hours, because the people of the city volunteered their subscriptions, they didn't have to be asked. 1460 of the volunteers formed this V which stands for Victory." --October 8th, 1917
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