u/Hot_Formal1726

Found a bunch of paper bonds in my grandfathers name from 1954-1970. All of them have these rectangle punched holes on the left does this mean they were already cashed? There is no signature on the bank or otherwise.

https://preview.redd.it/yh8cvj5ardzg1.png?width=635&format=png&auto=webp&s=4aae1de15cf6b2cc79c642995050ff931c84c492