Printer Friendly
The Free Library
19,122,084 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Scarcity of Old Stock and Bond Certificates Contributes to Scripophily.com's Best Year Ever; New Delaware Law Adds to Collector Supply Shortage.


WASHINGTON -- Scripophily Scripophily

The hobby of collecting antique bonds, stocks, and other financial instruments based upon their esthetics and prominence in the financial world.

Notes:
Very similar to collecting coins or stamps, but instead collectors buy old stock certificates.
.com(R), the Internet's largest buyer and seller of collectible stock and bond certificates, has seen a 30% increase in sales and a 24% increase in website traffic during the 12 months ending February 28, 2006 compared the prior year. The increase in activity is primarily due to the scarcity of certain certificates according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Scripophily.com's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and Founder, Bob Kerstein. "Obtaining previously unseen stock certificates is becoming harder and harder to accomplish," says Mr. Kerstein. "With the change in the laws in Delaware and on major Stock Exchanges, publicly traded companies publicly traded company

A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market.
 are no longer required to issue physical stock certificates, but simply keep track by ledger entries. This has made is more difficult to obtain new certificates," Kerstein added.

According to the Depository Trust & Clearing Corporation, paper stock certificates cost companies, investors, banks and brokers hundreds of millions of dollars each year to print, register, ship, examine, file and keep safe, even though they're involved in only about one-tenth of one percent of all trades daily on U.S. markets. One recent study by the Securities Industry Association puts the annual cost of handling paper stock certificates at $250 million or more. This is why most companies want the physical certificates eliminated. This is contributing to the demand of Scripophily (Stock and Bond Certificates) as well as increased prices of harder to find items.

Scripophily (scrip-ah-fil-ly) is the hobby's name of collecting old stock and bond certificates. Historical certificates which otherwise have no redeemable value as financial claims, are bought for their artistic and historical value by collectors. Values range from a few dollars to more than $100,000 for the rarest. Tens of thousands of Scripophily buyers worldwide include casual collectors, corporate archives, museums and serious collectors.

Scripophily.com LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, The Gift of History, is the internet's leading buyer and seller of collectible stock and bond certificates and has had items on loan for display in the Smithsonian's Museum of Financial History in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, been featured on CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence)
CNBC Consumer News and Business Channel
CNBC Congress of National Black Churches, Inc.
, USA Today USA Today

National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s.
, Baltimore Sun, Washington Post and in many other media publications. The company offers an old stock research service at OldCompany.com and also offers high resolution scans for publications. Scripophily.com was founded by Bob Kerstein (Bob.com) who has more than 25 years of senior management experience in the Cellular, Cable TV, Satellite, Internet, Professional Sports and Entertainment Industries. Bob is also the President of the Professional Scripophily Traders Association (PSTA PSTA Pinellas Suncoast Transit Authority (Florida, USA)
PSTA Pennsylvania Science Teachers Association
PSTA Professional Surfing Tour of America
PSTA Pennsylvania State Troopers Association
).

Scripophily.com(R) has experienced over 17.9 Million page views on its websites during the past 12 months. There are over 10,000 different selections including categories such as Frauds, Scandals, Bankruptcies, Dot Coms, as well as the more traditional areas such as Railroads, Telephone, Entertainment, Sports, Manufacturing, Mining, Utilities, Oil and Gas, Retail, Tobacco, Food, Banks, Insurance and others.

For more information on Scripophily.com(R), visit www.scripophily.com, or call 1-703-579-4209.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 14, 2006
Words:483
Previous Article:Manhattan Associates' Integrated Logistics Solutions(TM) Help Companies Achieve Top Fleet Performance, Cost Savings.
Next Article:Enea Announces Open Source Inter Process Communications Technology for Distributed Systems; New IPC technology is 20% faster than TIPC, scales from...
Topics:



Related Articles
KB REVIVES ETOYS WEB SITE.
SANTA CLARITA'S COSTLY REAL ESTATE; MEDIAN PRICE UP 17%; RISE LIKENED TO LATTER HALF OF '80S.
ANNUAL MEDIAN JUMPS VALLEY HOME PRICE REACHES $415,000 IN FEBRUARY.
Making demands: the need for more fiber was a unifying message at the 2004 Paper Recycling Conference & Trade Show.
"Procurement" fad must end.
Diversify & conquer: experienced management and varied investment vehicles are key to beating lackluster returns. Here are 100 funds that hit the...
Where will people live?
Foreign powers: with many investors anticipating an off year for the market, where can you find funds that will beat expectations?
HOUSING PRICES SET NEW MARK IN VALLEY.
Nonprofit hospital funding stable, but clouds on horizon.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles