1944 Newfoundland $3 War Savings Certificate

1944 Newfoundland $3 War Savings Certificate

In the 1940s, as World War II was raging, the governments of Canada and Newfoundland found themselves needing to raise hundreds of millions of dollars for the war effort. To do this, the War Savings Certificate was introduced. In essence, these were low-risk investments that would increase in value by 25% over the next seven-and-a-half years. Newfoundlanders would buy in, receiving War Savings Certificates. Their money would go to the war effort and, at the end of the maturation period, they could trade the certificates back for cash plus 25 percent. Not only a good investment, purchasing War Savings Certificates was also seen as a patriotic duty.

This War Savings Certificate was issued for $3 on April 22, 1944. It is in excellent condition, showing only minimal discolouration.