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What Is Scripophily?

May 22, 2012 | Comments: 0 | Views: 84

Scripophily, the collection of canceled stocks and bonds, is a growing hobby among collectors world wide. This practice gained notoriety in the 1970s and has continued to blossom since then. Today's collectors span the globe looking for highly coveted antique stocks and bonds. The word Scripophily is derived from English and Greek roots. The word "Scrip" means an ownership rite and the word "Philos" means to love.

Over the past decade the practice of Scripophily has blossomed, partly as a result of the dot com bust and many of the top business scandals, both resulting in obsolete stocks and bonds issued by the companies. These now debunk companies' stocks and bonds are still extremely valuable to collectors.

Collectors of antique stocks and bonds see different value in each item based on the type of collector they are. Some collectors choose to seek out certificates with a strong historical significance, while others prefer certificates based on their color, ornateness and artwork.

Each stock or bond certificate is unique from company to company, which adds to the collectible nature of these items. The uniqueness of each item includes; color, paper stock, authorized signatures, images, date, stamps, cancellations, border design, industry, stock broker, issuing company, transfer agent and holder name. The cancelled certificates offer a historical glimpse into how the company operated at a certain period of time.

Antique stocks and bonds may be cancelled, and therefore collectible for a variety of reasons. The company may have gone out of business, merged or been acquired, or simply have been replaced by technological advancements, as we saw with the railroad industry.

Once the company is no longer in business under their original name these stocks and bonds simply become pieces of paper. Perhaps they are considered junk to some, but to those who practice Scripophily they are priceless collectible pieces that can be traded time and time again. Many also increase in value over time.

The value of stock or bond certificates is affected by the following factors; condition of the item, age, historical significance, signatures (occasionally the stocks and bonds are signed by famous historical figures), rarity, demand, and the company issuing the certificate. There are many other factors affecting the value of an antique stock and bond.

If you are interested in getting involved in Scripophily it is a good idea to do your research before purchasing, selling or trading any certificates. There are many internet web sites that can give you a good idea just what the item is and it's approximate value in the current marketplace.

Scripophily has made it possible that old stocks or bonds you may have that do not outwardly seem to have any redeemable value, are in fact still valuable items, regardless of whether the company is still operational.

Source: EzineArticles
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