NorriCo.com

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Old stock certificates - Scripophily store - NORRICO, Inc., Frank Hammelbacher, Scripophily dealer

Description

Antique stock fever! Since I was born too late to prospect for gold in the 1850's & 1860's, and since I live in New York City, I am satisfying my collecting urges by searching for old stocks and bonds of the United States. Mines of the West are my specialty though there are many areas in which to collect. Growing interest in collecting old certificates, or "scripophily", makes it useful to examine how certificates are evaluated.

The most important thing is that you enjoy the hunt. Sometimes luck is good, sometimes not. The "droughts" can be long.

Stocks and bonds are very different financial instruments and are issued by corporations for different reasons. A stock indicates part ownership of the company. Prior to 1872 the stock could represent a fixed number of tunnel "feet to the share", or (as is the case nowadays) the stock could represent a percentage of the company. A bond represents debt of the company, and the terms of repayment (such as date due and percentage payout) are usually specified on the bond. Few old mining bonds appear on the market.

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