RARE THAT I HAVE EVER SEEN The German External Loan Bond of 1924 was a $1000 bond issued by the German government, specifically designed for insurance purposes. This bond was a type of external loan, typically used by governments to borrow money from foreign sources. The bond was likely issued in the form of a "gold" bond."  Overall, this bond would have been a valuable investment for those looking to support German economic development during the early 20th century during the war.