Tell me if this is a terrible idea or thought (I know minimal about investing).

I have inherited a bond from my grandparents when my grandmother passed away last year. It is for $85K. Unfortunately it is not going to mature until I am 60 (I am almost 38 now ). I have serious doubts the government will even be intact by then, and realize with interest rates being high right now if I chose to sell early would take a hit and not get the full value.

I earn approximately $200 in interest a month right now, and its market value is about $70K.

How terrible would it be to consider selling before maturity? What are the tax implications of doing this? I will speak to our CPA as well but wanted some other thoughts.

We are not in dire straits and must have this money right now but it sure would be nice to finish paying off one of the cars, use some for our first family vacation this summer (since the refund we were expecting didn't happen thanks to an oversight by our CPA…), some maintenance things around the farm, etc.

Thanks for any input.

I would sell it but put the money into the market if you don't really need the money.

I'm no CPA but the tax implications are the difference in value on the day you inherited it and the sell value.
I'm also guessing it's an $80K bond with a 3% coupon, I'd sell too. The value should rise when the interest rates fall, good luck timing that action, once again, a reason to sell.
It sounds like you're going to pee away the funds, I'd keep a record of what you spent it on, just for sentimental reasons. That way in the 30 or so years before it would have matured you can look back on the growth that $70K in the market would have grown to and kick yourself.
In other words put abut half of it in the market somehow and forget about it.