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Certificates used for
"Market Basket" Price Index
These are images of certificates used to calculate the "market basket" index of North American railroad certificates. Click on "Prices used" below any image to see prices from all the SINGLE-ITEM sales I have been able to identify for that certificate variety. You will see every price I used to calculate the price index. Click on "All prices" below any image to see ALL prices I have ever found for that variety, including multi-item lots wherever and whenever they appeared. Both sets of prices clearly illustrate the schizophrenic nature of certificate prices. Both sets of prices also include prices that appeared in fixed-price dealer lists and price catalogs.
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