Nice grouping of German bonds. The folder itself is in bad condition but the bonds are held in nice modern plastic covers to protect them. A few bonds have some brown spots. It looks like these were created in 1940 and were due to start paying out around 1945-46 and payments on the little slips were to extend out well into the 1950's. There are five 100 RM bonds in sequential order with 5 matching sheets of stubs, two 500 RM bonds with 2 matching sheets of stubs, and two sheets of stubs whose larger bond papers are missing.