Stock Bonds

[coinsareawesome]

I was just wondering; what do stock bonds generally go for? I have one that is 5 shares from the Dome Mines dated Nov. 21, 1938, one that is 100 shares from the New York Central Railroad Company dated Jan. 7, 1943, and one that is 100 shares from the Pennsylvania Railroad Company dated Feb. 14, 1964.

 

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[Charlie P. (NY)]

Most are collectible just because they did such a nice job of printing "back in the day". Railroad bonds are usually all the more collectible. $5 to $50 for display. Real estate is all about location, but anything else: condition, condition, condition.

And, of course, coupon or bearer bonds that were not paid out or recalled may be worth a boatload! I don't know of any "easy" means to check that other than visit a broker who may have access to better info.

 

[bill from lachine]

The NYC and Pennsylvania Railroad were merged into ConRail back in the 1970's and then ConRail was split up between NS and CSXT so the share certificates may very well still have some monetary value.

Best to contact a stock broker to see.

Regards + HH

Bill

 

[coinsareawesome]

Thank you!

 

[maxpower]

the penn stocks may still have a value as already stated also the dome mine appear to still be trading currently at .40 cents a share however not knowing if the company ever offered any splits which technically means you may have more shares than 5 even though you do not posses physical paper. as said check with a broker see if you bank provides this service?

 

[FC-Treasure]

Unfortunately, the two railroads merged into the Penn Central Railroad and then went bankrupt prior to their merging into Conrail. From Wikipedia... https://en.wikipedia.org/wiki/Conrail

Its largest Eastern railroad, the Penn Central Railroad, had declared bankruptcy in 1970, after less than three years of existence. Formed in 1968 by the merger of the New York Central Railroad and Pennsylvania Railroad (and supplemented in 1969 by the New York, New Haven and Hartford Railroad), the PC was created with almost no plans to merge the varied corporate cultures, and the resulting company was a hopelessly entangled mess.[SUP][1][/SUP][SUP]:233—234[/SUP] At its lowest point, PC was losing over $1 million a day and trains were becoming lost all over the railroad.

 

[FC-Treasure]

Probably worth just a little more investigation with the railroad stocks. I'm assuming that they became worthless with the bankruptcy of Penn Central, but Penn Central Railroad's parent company survived and is currently The American Financial Group.

The corporate history can be found here: https://en.wikipedia.org/wiki/Penn_Central_Transportation_Company