and Friends holding a Trans - Antarctica Expedition
at Base Brown, Antarctica in February 2013
Scripophily Press Releases
New Facebook Derivative Trade: the Stock Certificate -.Kerstein says a lot of companies no longer
offer stock certificates. That can make the remaining pieces
of paper more valuable. For example, among the Apple stock
certificates Kerstein has bought is one from the IPO. Shares
back then, adjusted for splits, were $2.75.
...Take Pixar, which was purchased by Disney [DIS 44.8799
-0.2001 (-0.44%) ] in 2006 for $60 a share. "We sell Pixar
certificates now on our website for $600 for two reasons:
one, it's a gorgeous certificate, has all the Pixar
characters on the certificate, and, plus, the chairman of
the company at the time was Steve Jobs."
Lehman Bros. stock certificates are also popular. "They're
really hard to get, and those are worth about $400 to $500
dollars now." ...Not only does he sell stock certificates,
Kerstein also collects old Greek bonds. "Unlike the Greek
bonds that are being traded on the market, our Greek bonds
are worth the paper they're printed on." ...
Will the Facebook stock certificate appreciate more than the
stock itself? One thing that could make the paper valuable
is if Mark Zuckerberg leaves the company.
"Martha Stewart Living [MSO 3.4001 -0.0299 (-0.87%) ]
certificates that have her name as chairman were very
valuable, they sell from about $100 to $150," he says. "But
when they started issuing certificates without her name on
it, because she was removed from the company as an officer,
the certificates went down in value."
As for whether it’s preferable to own Facebook stock or the
stock certificate, Kerstein pauses and says, "I would buy
Friends of Financial History October 1988 - Retro Article
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Buyers of Santa Anna Bonds
United States First Mortgage Bond signed
by Mexican General Santa Anna
the Bond of
the Republic of Mexico
|PRE 1949 CHINESE FOREIGN DEBT LAWSUIT
The bonds have exotic names like Imperial Chinese Government
Hukuang Railways Gold Loan, French Boxer Indemnity and 1913
Reorganization Gold Loan and they are all in default.
Holders of Chinese bonds issued from 1895-1942 which are all
in default since 1949 are taking on the former masters of
Nationalist China – the Kuomintang. The bondholder
plaintiffs which include two American bond holding
corporations and the Taiwan Civil Rights Litigation
Organization are suing the Kuomintang’s business management
committee for an accounting and redemption of 120,000
separate bonds some over 110 years old and backed by gold.
The name of the case filed in the United States District
Court for the Northern District of California is Taiwan
Civil Rights Litigation Organization et al v. Kuomintang
Business Management Committee – Case No. C10-362JL.
Prior to the 2000 election of Chen Shui-bian to the
presidency of the Republic of China on Taiwan, the
Kuomintang of Generalissimo Chiang Kai-shek ruled Taiwan
with an iron fist and expropriated billions of dollars in
assets including gold and collateral, some earmarked to
redeem defaulted bonds.
In 2000, the Kuomintang lost its grip on Taiwan but unlike
the Communist Party of the former Soviet Union, the
Kuomintang did not return the billions of dollars in cash
and assets it had looted from Taiwan and removed from
mainland China in 1949. Today the Kuomintang holds a
portfolio estimated to be worth at least $6 billion US
Bondholders who paid value for their bonds have had a rough
time. Lawsuits against the Peoples Republic of China have
been dismissed. However until recently bondholders had
overlooked that at least in regards to the Republic of China
on Taiwan, the original issuer of many of the bonds, the
existence of the defaulted bonds had been reaffirmed by
presidential decree in 2003.
The plaintiffs are seeking an accounting, redemption, and
interest on the defaulted bonds from the Kuomintang.
A copy of the lawsuit is available
See Stocks in the
When Buying Scripophily (Stock and Bond
look for the
Seal of Quality and the link back to PSTA.com
I’m A Shareholder Book by GiveAshare.com®
grabs kids’ attention and keeps them involved. Written
specifically to accompany a share of stock, this 45-page, full-color
book is presented in a fun-filled manner with vivid colors,
pictures, interesting facts, and exercises that your child can apply
to their share of stock. Not bad for grown ups, too!
Jacob Little - The Original Wall Street Bear
Quality and Customer
in the Hobby of Scripophily (Collecting Stock and Bond Certificates)
THE TENTH ANNUAL (NATIONAL)
NORTHERN VIRGINIA /
Scripophily Show in
was another great success!