Sunday, August 7, 2016

Added a Confederate piece.

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A special stock issue of the Savannah, Albany and Gulf Railroad with a guaranteed 7 % dividend payment. It's dated May 7, 1861 a few weeks after the Civil War started. Only one listed in Cox.

History: Chartered in 1847 as the Savannah and Gulf Railroad. It's name was changed in 1854 to Savannah, Albany and Gulf Rail Road. It operated the Atlantic and Gulf Railroad until it merged with it in 1863 under the Atlantic and Gulf name. It was a minor player in the Civil War effort with  light traffic and failure to get additional track to expand it's route to more critical areas. General Sherman in his infamous March to the Sea did manage to destroy 40 miles of it's track in 1864.

references:

Sunday, July 10, 2016

Addition to inventory 7/10/2016


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I have added some pieces for trade or to sell. I will be adding them to my website in the next few weeks. This is one of my new ones with an attractive vignette. Only four known in Cox not a common certificate.

Thursday, June 16, 2016

Signed by one of the "Big Four"

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I have not listed this one on my website. Relatively common with a Cox rarity of R4. It is not cancelled and dated Aug. 11, 1890. It is signed as president Collis P. Huntington. Hopefully anyone with an interest in American railroad history knows this gentleman. If not check this link out Collis P. Huntington .

This is an interesting example with dividend coupons. I have not seen a common stock with dividend coupons before. One word about this piece it is glued to a cardboard backing. It was at one time in a frame! My most hated way to display a stock certificate. For this reason I bought it at a reduced price. It is available for sale or trade.

Monday, December 28, 2015

New arrivals for Christmas 2015


Two additions with great vignettes by the American Bank Note Company. They are available for trade or sale.
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Monday, October 5, 2015

Nice Short-term Gain

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The Freunde Historishcher Wertpapiere (F-H-W) auction no. 108 ended  Oct 3, 2015. Among the lots sold was this Litchfield, Carrollton & Western Rail Road. I know a little about this piece since I consigned it in the Archives International Auction of May 7, 2015.This piece sold with buyers premium for $472.00. The buyer of this piece saw more value than other American collectors did since he or she consigned it to F-H-W. Check the auction results in the F-H-W action here. A fellow collector mentioned to me that sending rare pieces to Europe would mean that US collectors won't have access to them possibly for decades. With prices like this I think more piece will be going across the pond.

Sunday, September 27, 2015

I know I said it before

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I don't like cancelled certificates and I have given my reasons in earlier posts. But this one I had to add to my Missouri Collection. It is the first one to show up in Terry Cox's database and the price I considered cheap. So if a hoard shows of it will not hurt me financially. It also has an error which makes it a little unusual. You don't see many errors on certificates. The capital structure of the company was $500,000 not $5000 as printed on the certificate. If is wasn't a rare Missouri piece it would not be in my collection.

History: Finding any information on this company is a challenge. I did find it was charted May 9, 1883 and re-charted May 20, 1889. All it's stock consisting of 5000 shares was owned by the Lindell Railway Co. of St. Louis Mo.The line consisted of 9.2 miles of single track road in the city of St. Louis.

reference: Poor's Manual 1895