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The pin was recognition that the wearer had purchased or supported the war effort by buying liberty bonds.
This pin was found at the Willis Dodd Boys Club formerly the Parker Street Hall.

A collection of posters sent to Maynard Selective Service or Post Office encouraging the purchasing of bonds to finance the war.

Ten Bearer Bonds were issued by the Town of Maynard in 1905 in order to raise money for the construction of a school, likely the Bancroft Street (Calvin Coolidge) School. Each bond was valued at $1800 paying 3 1/2% interest with bond #10 maturing in…