Collectible Stocks and Bonds from North American Railroads     by Terry Cox

A guidebook and catalog of prices
(I do NOT buy or sell certificates on this website)

Search this website for information about collecting stocks and bonds.


Search the Coxrail database for descriptions of 23,700+ certificates from over 7,400 North American railroad companies.

Certificates with values as securities

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 do retain security values. You can research your certificates on your own, but it will be challenging. If thinking about doing your own research, check out the advice on this page on Investopedia.

Yes, I'm a research guy, but researching security values is an endeavor where I leave the work to the pros. I currently know of four companies in the Nirth America that actively research the values of old securities on a fee basis.


Investment Research Institute


Don G. Levy & Associates


Stock Research Services
subsidiary of America West Archives


Stock Search International Inc.


See addresses and additional information on my Dealer's Page.

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. (See Recognizing cancellation. for more insight.) Moreover, just because certificates are not clearly cancelled does NOT mean they retain value as securities. Go into this process with your eyes wide open.

Uncancelled gold bonds

I reserve my strongest possible warning about buying and selling uncancelled gold bonds as investments. Please be warned that...





U.S. laws (see Gold Bonds) outlaw redemption in gold. If you encounter anyone offering to sell gold bonds as investments, STOP! Contact an assistant U.S. attorney immediately! The Justice Department and Treasury Department would like to talk with them.

Gold bond scams are nothing to mess around with.

Want to believe in fairy tales? Go right ahead. Just don't say I didn't warn you.

Be aware that a number of U.S. citizens lost substantial money on gold bond schemes in the late 1990s. I received several similar reports around 2015, but I haven't heard of any in the last few years. Please visit the U.S. Treasury Department's website 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.

For more discussion on purported values of gold bonds, see Gold Bonds and Scams and Hypes.

Send an email message with corrections, questions or comments about this page.
(Last updated July 7, 2020)


I strongly recommend buying the Cox Catalog 3rd Edition from your favorite SCRIPOPHILY DEALER. Catalog cover
If they do not carry, or are out of stock, you may buy directly from me. Simply click the buy button below.



Papermental logoHelp support this free site! Please visit my eBay store called Papermental by Terry Cox. My inventory includes railroad passes, railroad ephemera, newspapers, magazines, engravings, and all sorts of paper collectibles.

Please contact me if you have certificates not yet listed. (See How You Can Help.)

I suggest using WeTransfer or similar file transfer sites when sending large files or large numbers of files.

PLEASE contact the many fine dealers listed on my dealers page to buy certificates.

© Copyright 2021 by Terry Cox