Wednesday, May 8, 2019

River Edge, New Jersey, sees over 1000 numismatic lots going over the block

Archives International Auctions offers more than 1,000 lots of banknotes, coins, scripophily and security printing ephemera at its sale this Tuesday, 14th May 2019. This public and online event takes place at AIA's new offices in River Edge, New Jersey.

Interesting, the auction includes over 600 lots of stunning, antique stocks and bonds. One of the many highlights is this ultra rare production specimen IPO stock certificate from the McDonald's Corporation

Richard and Maurice McDonald founded McDonald's in 1940 as a restaurant in San Bernardino, California. It was Ray Kroc, who joined McDonald's in 1954, that set the stage for national and global expansion. 

In 1961, Kroc had McDonald's file for a trademark on a new logo, an overlapping, double-arched "M" symbol. The logo was used from 1960 until 1968, and appears on this stock certificate. 

Under Kroc McDonald's initiated its first public stock offering at $22.50 per share on April 21, 1965. If you'd have purchased 100 common McDonald's shares during that initial public offering, your investment would now be worth over $12 million (source
Coming from the original archives of the American Bank Note Company, this certificate represents a milestone in MacDonald's history and forms a crucial asset for collector's of historic marketing artefacts. Bids for Lot 683 are invited from $525. 

Besides American scripophily, the sale includes antiques securities from China, Mexico, Israel, Russia, and much more states. The US railroad section is unusual weighty.

This antique share from the Wildwood and Delaware Bay Short Line Railroad Company was issued in 1915.  Its designers gave it a superb vignette showing "the 1995 passing a signal bridge". The railroad was opened for traffic Dec. 12, 1912 . Indeed, this was a "short" line. Its 4.20 miles long line ran from Wildwood to Wildwood Junction, New Jersey. There, it connected with the Atlantic City Rail Road. Lot 931 in the sale. 

Much more wonderful antique securities can be seen in the auctioneer's catalog. Practical info :
  • Date : May 14, 2019
  • Location : River Edge, New Jersey
  • More info : see here, live and absentee bidding there
  • PDF auction catalog : here 


Monday, May 6, 2019

Denver exhibition shows New York Stamp Taxes on Bonds

" Bonds bearing New York’s Mortgage Endorsement, Secured Debt and Tax on Investments stamps are arguably the most visually stunning items ever to bear stamps. "

Secured Debt 25¢, 75¢, $3.75 and $7.50 issued in 1916 to enable payment of the 75¢ per $100 tax rate 
courtesy Michael Mahler

Author Michael Mahler is an expert in American fiscal philately : "For a century the stunning bonds and the stamps they bore were unknown to philatelists. Only now, one hundred years later, these stamps and the bonds that bear them, have emerged as a significant subfield of fiscal philately."  

Each type of stamp discovered tells its own chapter in the fiscal history of the State of New York. With a unique exhibit of bonds bearing these stamps, Michael Mahler will participate in the 2019 George Brett Cup Competition

This $50,000 bond from the United States Steel Corporation was issued in 1901 to Andrew Carnegie. The bond is stamped with Secured Debt $100 (x2) and $50 (upper right corner). The stamps were canceled July 23, 1912, but the bond was canceled only a year later. 
courtesy Michael Mahler

The George Brett Cup competition, for best 20th century philatelic exhibit, is organized at the annual ROMPEX show in Denver May 24-26. 

The New York State Stamp Taxes on Bonds, 1910-1920 exhibit features 40 display panels of about 18x24 inch, each one having one to four bonds. Probably about 120 bonds will be on display. 

New York Stamp Taxes on Bonds, 1910-1920 
book by Michael Mahler 

Michael Mahler wrote also a book on this topic. New York Stamp Taxes on Bonds 1910-1920 counts more than 200 pages and is illustrated with hundreds of color images of bonds and stamps. 

The book can be ordered from Amazon here. But, if you know the International Bond & Share Society, you should check out the IBSS site. For Michael Mahler has provided a PDF version of his latest book there.

Good luck to Michael with the exhibit competition !


Related links