Scripophily

Scripophily is the study and collection of stocks and Bonds. A specialized field of numismatics, scripophily is an interesting area of collecting due to both the inherent beauty of some historical documents as well as the interesting historical context of each document. more...

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Some stock certificates are excellent examples of engraving. Occasionally, an old stock document will be found that still has value as a stock in a successor company.

History

Scripophily, the collecting of canceled old stocks and bonds, gained recognition as a hobby around 1970. The word "scripophily" was coined by combining words from English and Greek. The word "scrip" represents an ownership right and the word "philos" means to love. Today there are thousands of collectors worldwide (Scripophilists or Scripophiliacs) in search of scarce, rare, and popular stocks and bonds. Collectors who come from a variety of businesses enjoy this as a hobby, although there are many who also consider scripophily a good investment. In fact, over the past several years, the hobby has exploded in popularity.

Many collectors like the historical significance of certificates. Dot com companies and scandals have been particularly popular. Others prefer the beauty of older stocks and bonds that were printed in various colors with fancy artwork and ornate engraving.

Many autograph collectors are found in this field, looking for signed certificates from John D. Rockefeller of Standard Oil Company, Henry Carey of the Franklin Fire Insurance Company, Ringling Brothers and Barnum & Bailey Circus, Atari Corporation, Eddie Rickenbacker as president of Eastern Air Lines, Broadband.com, Tucker Corporation and many others.

Scripophily as a hobby

There are many reasons for the success of this hobby. First of all, stocks & bonds are collectible worldwide, since almost every country has had stocks and/or bonds issued through their government or businesses.

A large part of scripophily is the area of financial history. Over the years there have been millions of companies which needed to raise money for their business. In order to do so, the founders of these companies issued securities. Generally speaking, they either issued an equity security in the form of stock or a debt security in the form of a bond. However, there are many varieties of equity and debt instruments. They can be common stock, preferred stock, warrants, cumulative preferred stocks, bonds, zero coupon bonds, long term bonds (over 400 years) and any combination thereof.

Each certificate is a piece of history about a company and its business. Some companies became major successes, while others were acquired and merged with other companies. Some companies and industries were successful until they were replaced by new technologies. The color, paper, signatures, dates, stamps, cancellations, borders, pictures, vignettes, industry, stock broker, name of company, transfer agent, printer, and holder name all add to the uniqueness of the hobby.

Read more at Wikipedia.org