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Some certificates retain value as securities
A few antique certificates still hold value as securities,
even though they are no longer traded on stock exchanges.
I do NOT estimate the value of such certificates. That is
beyond my expertise.
Yes, some certificates definately retain security value. You can research your certificates on your own. It will be challenging. If thinking about doing your own research, check out the advice on this page on Investopedia.
Even though I'm a research guy, researching security values is one area of endeavor where I unquestionably leave the work to the pros. I currently
know of six companies in the United States (arranged alphabetically below) that actively research the values
of old securities on a fee basis.
Before contacting any of these services, re-check your certificates carefully.
Are they cancelled in any
way? If they are cancelled, no matter how lightly, then
they no longer have value as securities. (Recognizing
cancellation.) Moreover, just because they are not obviously cancelled does not mean they retain value as securities. Go into this process with your eyes wide open.
Cancelled certificates do not have value as securities...
... but they still have value as collectibles. Search
the database for
information about estimated collectible values. Also,
read about the pricing of certificates as
collectibles. If you find your certificates are still not
listed, PLEASE send copies.
Uncancelled gold bonds
I reserve my strongest possible warning about buying
and selling uncancelled gold bonds as investments. Read
carefully.
U.S. bonds cannot be
redeemed for gold ! NO WAY! NO HOW! There are very specific U.S. laws (see Gold
Bonds) that outlaw redemption
in gold. If you encounter anyone
offering to sell gold bonds as investments, STOP! Ccontact an assistant U.S. attorney general immediately! The Justice
Department is extremely interested in stopping these criminals.
This is nothing to mess around with.
Some U.S. citizens
have lost a lot of money on these schemes. If you
don't believe me, that is your prerogative. However, I
beg you to visit the U.S.
Treasury Department's web site for in-depth
information and what to watch out for. That site also
has links to other sites that describe similar non-U.S.
and European schemes.
I also discuss the purported values of gold bonds elsewhere
on this web site. See Gold
Bonds and Scams and
Hypes.
Send an email message with corrections, questions or comments about this page.
(Last updated Mar 5, 2011)
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