How to Sell Savings Bonds
Since most bonds issued by the United States Treasury are extremely liquid, and easy to redeem through a number of methods, you should have no problem successfully selling savings bonds. You can use a secondary market, such as a brokerage house, to sell your bonds, or save some money by dealing directly with the US Treasury Department.
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Instructions
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Sell your savings bonds on the secondary market, using a bond broker or trader. This will be especially useful if your savings bonds have not yet matured, since the broker will list your bonds on the over-the-counter (OTC) market and sell them to the highest bidder. While the broker may charge a commission for this service, you might be able to offset these fees by getting an exceptional selling price for your bonds.
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Decide on what type of order you want on the secondary market. An all-or-kill (AOK) order gives the broker a certain time frame to sell all your bonds before you cancel your order, while an all-or-none (AON) order bundles up a certain amount of your bonds that must be purchased as a package, and cannot split up. A limit order defines a minimum price that you will settle on for your bonds and will automatically reject any lower offers.
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Use your bank or trusted financial institution to sell your savings bonds. This gives you an advantage by dealing with people with whom you are familiar, and possibly avoiding excessive fees and commissions, especially if you qualify as a preferred customer.
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Redeem your savings bonds directly at any branch of the Federal Reserve Bank. Fill out a PD F 5179-1 form, and present a form of identification. Consult the website of the Federal Reserve Board for the branch that is most convenient for you (see Resources below).
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Create an online account for buying, selling and trading all types of Treasury Bonds by logging onto TreasuryDirect, the official website of the United States Treasury Department (see Resources below). You will be able to keep track of daily updates as to the price and maturity date of every bond issued, as well as when each bond stops earning interest.
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Tips & Warnings
Credit unions handle all savings bond services, from buying and selling, to trading of Treasury bonds.
