SCRIPOPHILY (script-awfully), the collecting of 'worthless'
old stocks and bonds, gained recognition as an area of serious interest around the mid-1970s.
Today there are
thousands of collectors worldwide in search of scarce, rare,
and popular stocks
Collectors who come from the numerous business fields mainly
hobby aspect, though there are those who consider scripophily
Some collectors like the historical significance that certificates
Others prefer the beauty of older stocks and bonds that were
printed in various
colors with fancy artwork and ornate engraving. Even autograph
found in this field, on the outlook for signed certificates.
In recent months, there have been several articles in magazines
and newspapers about the
investment potential in collecting stocks and bonds. Prices
reflecting strong demand. As good material becomes harder and
harder to find,
scripophily is expected to be the investment collectible of
the 1990s, like
baseball cards did in the 1980s!
The Washington Historical Autograph and Certificate Organization
(WHACO!) is an
association for collectors in the Baltimore - Washington -
Richmond area for
their mutual benefit in collecting historical autographs and
material. Their objective is to educate members on the historical
events depicted, and inform them about the trends and prices
of these antique
materials. (For more information on WHACO! write to P.O. Box
Many factors help determine a certificate's collector value:
Certificates from the mining, energy, and railroad industries
most popular with collectors. Other industries or special
include banking, automobiles, aircraft, territorials, tobacco,
Unissued certificates are usually worth one-fourth to one-eighth
value of one that has been issues.
Inexpensive issued common stocks and bonds dated between the
1980s usually retail between $2 to $10. Those dating between
the 1890s and 1930s
usually sell for $10 to $50. Those over 100 years old retail
between $25 to $100
or more, depending on quantity found. Autographed stocks normally
between $100 to $10,000.
- Autograph Value
- Age of the Certificate
- The Industry Represented
- Whether It Is Issued or Not
- Its Attractiveness
- Collector Demand