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.

Colors used on bonds

If companies issued more than one denomination of bond, they typically used different colors for different denominations. I have discovered no clear-cut relationship between colors and denominations.

For instance, 35% of all $1000 bonds included some shade of green. However, the relationship is statistically insignificant because 29% of all bond denominations are green.

Concerned about the variability in coloration? Read How variable are certificate colors? Also, if you want to report new colors, you might also read Reporting new certificate colors.

When I report "colors", I generally mean the colors of borders. If there are no borders, then "color" refers to text color. Color descriptions of scarce certificates often depend upon 20- or 30-year old descriptions by dealers and catalogers. IF those people reported underprint colors instead of border colors, or made mistakes, then those old mistakes may persist.

Underprint colors RARELY change without similar changes in border colors. For space reasons, I do NOT report underprint colors unless someone has contributed evidence or otherwise suggested that underprint coloration is known to be variable.


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.



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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