Is Eastern Airlines stock certificate flying high in value?
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.