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.


One of original colonies
Became state: December 12, 1787

The Pennsylvania "state seal" is probably the most recognizeable seal of any state. Over 200 distinct varieties of railroad certificates are already known that display the seal. In fact, most states offer fewer varieties of certificates than are known from Pennsylvania that display the state seal! Pennsylvania is second only to New York in the number of total known varieties of collectible railroad certificates. Be warned, though, that many certificates from the street railroads of Philadelphia and suburbs are very hard to find.

By far, this is the most heavily imitated of all "state seals" on railroad stocks and bonds. The most common vignettes you will see on Pennsylvania certificates resembles the above design which is the official coat of arms of the State of Pennsylvania. While both horses are black in the official version, a majority of the unofficial imitations use one white and one black horse.

In truth, the official state seal is merely the central shield framed by an olive branch and a stalk of maize (bottom design.) On the shield is a ship, a plow, and three sheaves of wheat. An eagle perches above.



See images and descriptions of other state seals:


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.

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