Is Eastern Air­lines stock cer­tifi­cate fly­ing high in value?

The Palm Beach Post - Residences - - Buy Today! - Anne Gil­bert

Q: While re­cently go­ing through my late un­cle’s ef­fectse, I found an old metal doc­u­ment box. Inside, among a lot of pa­pers, was an old Eastern Air­line stock dated 1939. There was an in­ter­est­ing etch­ing of a man on the wings of a plane.

It was is­sued in the state of Delaware and dated 1939. It is in good con­di­tion, and the back­ground color is red. It is for 30 shares at $1 each. Does it have any value?

A: Did you ever won­der what hap­pens to stock cer­tifi­cates and bonds when the com­pa­nies fail, or sim­ply be- come ob­so­lete? While many of these can­celed pieces are de­stroyed or shred­ded by banks, oth­ers are born again as an ex­cit­ing col­lectible known as “scripophily.”

Se­ri­ous col­lect­ing be­gan in the 1970s. They are col­lected by cat­e­gory as well as for their beau­ti­ful en­grav­ings and his­tory. A car col­lec­tor might be in­ter­ested in early au­to­mo­tive stocks.

Cer­tifi­cates con­nected with a scan­dal, such as Martha Ste­wart, can sell these days for as much as $150. A dealer could price your Eastern Air­lines stock cer­tifi­cate at $275. Do you have an an­tique item and need more in­for­ma­tion? For a per­sonal re­ply, send a photo, his­tory, size and any sig­na­tures, along with a self-ad­dressed, stamped en­ve­lope and $25, to Anne Gil­bert, P.O. Box 740136, Boyn­ton Beach, FL 334370136.

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