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I'm not sure what you mean by matured. If the bonds were held for 30 years, then I believe they have to be cashed all at once. But usually matured is when they reach face value which is much shorter so a bond could be sold each year for four years.

These bonds must be worth something more than $400 thousand as they will still earn interest after they reach the face value. I have some bought in 1988 that are still earning 4% interest, which in this day and age looks pretty good. they are worth considerably more than the face value.

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