A large part of scripophily is the area of financial history. Over the years there have been millions of companies which needed to raise money for their business. In order to do so, the founders of these companies issued securities, either as an issued equity security in the form of stock or a debt security in the form of a bond.
However, there are many varieties of equity and debt instruments. They can be common stock, preferred stock, warrants, cumulative preferred stocks, bonds, zero coupon bonds, long term bonds (over 400 years) and any combination thereof.
Each certificate is a piece of history about a company and its business. Some companies became major successes, while others were acquired and merged with other companies. Some companies and industries were successful until they were replaced by new technologies. The color, paper, signatures, dates, stamps, cancellations, borders, pictures, vignettes, industry, stock broker, name of company, transfer agent, printer, and holder name all add to the uniqueness of the hobby.
Many companies either were never successful or went bankrupt, so that their certificates became worthless pieces of paper until the hobby of scripophily began.
For more information visit our web site,
http://www.glabarre.com, or call George LaBarre at 1-800-717-9529.
George H. LaBarre Galleries - Collectible Stocks and Bonds
http://www.glabarre.comReprinted with permission from International Bond & Share Society
The Society was founded in 1978 as a non-profit organization with the aim to promote, encourage and develop all aspects of scripophily -- an activity dedicated to the collecting, study, and research of historic securities such as bonds, shares, stock certificates and other documents of financial nature.
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