Message:

<p>[QUOTE=&quot;gsalexan, post: 2045403, member: 24274&quot;]Correct -- and it often approaches $100, above the actual value of the shares. I have a certificate of Disney stock still in my name that I&#039;ve considered cashing in, but I like it too much. Fortunately there are bazillions of cancelled shares on the collector market, if you can stand the punch holes. ;-)</p><p><br /></p><p>Dave, I think the practice of certificating shares started to fade away in the early 1990s, as computer trading became more prevalent. The original reason we have intaglio certificates is because the NYSE required it of all companies trading on its exchange back in the 1870s, I believe, to avoid counterfeiting. So at some point in the 1990s they must have lifted the requirement.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in