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<p>[QUOTE=&quot;gsalexan, post: 12359671, member: 24274&quot;]Uh oh. I&#039;m the guy who&#039;s going to rain on the parade.</p><p><br /></p><p>Bond coupons, but themselves, have very little value to those of us who collect stocks and bonds. The fact that they are being graded is something we roll our eyes at. These coupons were meant to be clipped by the issuing company, usually twice a year, when interest was paid. But frequently bonds were paid off early or a company merged or went belly up, and the bonds were cancelled without the coupons being redeemed. I have bonds with two, sometimes three, *pages* of unused coupons (100+). What irks me is when dealers get out their scissors and sell these individually or in blocks to unsuspecting collectors. </p><p><br /></p><p>These are attractive little pieces, but they are much better off staying attached to bonds they were issued with. Fyi, you can buy many of these old railroad bonds (intact) for less than what you probably paid for those slabbed coupons. For example: <a href="https://www.ebay.com/itm/255478529752" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ebay.com/itm/255478529752" rel="nofollow">https://www.ebay.com/itm/255478529752</a></p><p><a href="https://www.ebay.com/itm/195515354665" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ebay.com/itm/195515354665" rel="nofollow">https://www.ebay.com/itm/195515354665</a></p><p><a href="https://www.ebay.com/itm/225263420418" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.ebay.com/itm/225263420418" rel="nofollow">https://www.ebay.com/itm/225263420418</a></p><p><br /></p><p>Scripophily (collecting stocks and bonds) is a great hobby, with lots of options for collectors of all interests. If you find the coupons interesting, you will love the real deal.[/QUOTE]</p><p><br /></p>

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