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 from companies other than railroads

I only catalog railroad companies. Many people contact me about certificates from companies other than railroads. I would love to help, but I simply do not have the time to answer each letter.

The first thing I can suggest is to contact one or more dealers
listed on my dealers page.

What about value as securities? A large number of people wonder whether their certificates still have value as securities.

Determining whether certificates still have value as securities is a tough
problem. Overall, very, very few certificates retain value. About a quarter of all collectible certificates are uncancelled, so do not assume that a certificate has value just because it is uncancelled.

However, some certificates are still valid.

Several companies research obsolete securities on a fee basis.

If you live near large libraries, you may do some of the research yourself. You may find some excellent hints about the process at

Another suggestion is to look in dealers lists and online catalogs. If you
find your certificate routinely offered for sale, there is little chance
that your certificate retains any value as a security.

What if your certificate is denominated in GOLD? I regret to disappoint you, but no matter what anyone tells you, NO certificates retain gold values. There are deceptive scams out there that you need to be aware of. See

Gold bonds

Scams and hypes


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