Adjusted for inflation, $1 of bonds then is worth $11 now.
US war bonds were registered securities and could only be cashed by the registered holder (the person whose name is on the bond) or their heirs if the registered owner is dead.
history
They borrowed it from Americans by selling War Bonds. Bonds would earn interest and be worth more at a future time.
. . . support the war .
war bonds
War bonds can typically be cashed in at banks, credit unions, or through the U.S. Department of the Treasury. If the bonds are still valid and have matured, you can present them at these financial institutions for redemption. Additionally, TreasuryDirect.gov offers options for managing and cashing in electronic bonds. It's advisable to check for any specific procedures or requirements that may apply.
To find out what 1942 British war bonds are worth, simply contact an appraiser. With years of extensive industry experience, appraisers can let you know how much your war bonds and memorabilia are worth. Another option is to visit a local WW2 historical museum and speak to its curator or manager.
It's in the certificates themselves. People collect these. I'd take my bonds to an appraiser to find out what they're worth, but Confederate bonds are definitely worth money.
Not much except to a collector Try checking on Ebay
Support for the war effort in World War 2
Support for the war effort in World War 2
they gave it to them in a blank check and the allies cashed whenever they wanted to