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.

Do my certificates still have values as securities?

There are a FEW certificates that do indeed retain some value as securities. Those may include stocks and bonds from companies still traded on world stock exchanges.

They may also include uncancelled certificates that have been absorbed into existing companies. And there are certainly instances of uncanclled bonds maintaining some of their face value even thought the companies have been declared insolvent.

Roland Smythe (the namesake for the current RM Smythe & Co) made a significant income trading in just those kinds of securities back around the turn of the century .

However, it takes a LOT of knowledge. Far, far more than I possess.

The main thing to understand is that just because a certificate is uncancelled does NOT mean it is worth any more than its collectible value. And, because research is sometimes very tough, it will cost you money to have someone research your certificate.

As a rule, I will suggest that if many such certificates are being bought and sold among collectors, there is almost no chance of its having security value.

Again, estimating current security value is substantially beyond my knowledge. Please click on Value as Securities to learn more about the issues surrounding such valuations. You will also find links to specialists in the field.


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