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I've Inherited Stock In A Gold Mine, I Think

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janknez's Avatar
United States
595 Posts
 Posted 07/11/2018  11:28 pm Show Profile   Bookmark this topic Add janknez to your friends list Get a Link to this Message Number of Subscribers
An old aunt of mine died a few months ago. These certificates were among her possessions. Worthless, but pretty.




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jimbucks's Avatar
United States
4659 Posts
 Posted 07/11/2018  11:55 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
That Tucker certificate might be collectible. Keep looking, maybe you will come across a few thousand shares of Amazon!
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spru's Avatar
United States
12441 Posts
 Posted 07/12/2018  02:02 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
It's a shame those 318 shares of GM are essentially worthless now.
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John1's Avatar
United States
56855 Posts
 Posted 07/12/2018  04:26 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I think they are all worth something to a collector,are they not?
John1
( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
Valued Member
United States
58 Posts
 Posted 07/12/2018  10:21 am  Show Profile   Bookmark this reply Add jasondbell123 to your friends list Get a Link to this Reply
The Tucker certificate is indeed interesting and more than collectable. They made a movie awhile back about the Tucker car and the small upstart company that eventually was put out of business.

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Crazyb0's Avatar
10197 Posts
 Posted 07/12/2018  10:33 am  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Always like seeing the vignettes, such artistry...lacking in today's print world.

Well, one thing's for sure, they are indeed worthless, even says so:


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jbuck's Avatar
United States
157664 Posts
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GregAlex's Avatar
United States
759 Posts
 Posted 07/13/2018  1:53 pm  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
Yes the Tucker stock is definitely a nice collector item - those retail in the $100 to $200 range.

And GM stock is hardly worthless! It's currently trading around $39 per share. Those both appear to be uncancelled "live" certificates. If you are the direct inheriter, you are looking at nearly $25,000 in value! You need to check with GM stockholder services and make sure these are valid (lost certificates were often re-issued) and what the process is to change ownership after inheriting.

Let us know how it turns out!
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jbuck's Avatar
United States
157664 Posts
 Posted 07/13/2018  3:36 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
But that stock is for the original GM, which effectively ceased to exist in 2009. The current GM is not the same after the bankruptcy and liquidation. I believe that stock is indeed worthless.
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SpaceMaNy0's Avatar
United States
343 Posts
 Posted 07/13/2018  5:42 pm  Show Profile   Bookmark this reply Add SpaceMaNy0 to your friends list Get a Link to this Reply
Well ain't that a ...somethin. Funny how huge corporations can do that.
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spru's Avatar
United States
12441 Posts
 Posted 07/14/2018  12:28 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
But that stock is for the original GM, which effectively ceased to exist in 2009. The current GM is not the same after the bankruptcy and liquidation. I believe that stock is indeed worthless.


Believe it or not, I actually did a little research before I commented , and yes, pre-bankruptcy GM stock is worthless. It's a shame, but true. I would like to think the paper itself is worth something, but I highly doubt there is a shortage of them.
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TheBurnz's Avatar
Canada
586 Posts
 Posted 07/16/2018  07:42 am  Show Profile   Bookmark this reply Add TheBurnz to your friends list Get a Link to this Reply
I would also research the signatures, these guys sometimes went on to do other things and correlating them can sometimes add some collectible value.
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jbuck's Avatar
United States
157664 Posts
 Posted 07/16/2018  11:18 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I would also research the signatures, these guys sometimes went on to do other things and correlating them can sometimes add some collectible value.
Excellent point.
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GregAlex's Avatar
United States
759 Posts
 Posted 07/23/2018  01:09 am  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
I picked this one up for $20 -- note the original denomination. Actually it's not a fair comparison, since mine is a cancelled bond. But I regularly see GM stock certificates selling in the $5 to $10 range on ebay. Given the background on the liquidation, the Tucker certificate is probably the best of the bunch.

Edited by GregAlex
07/23/2018 01:14 am
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MontCollector's Avatar
United States
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 Posted 07/23/2018  01:38 am  Show Profile   Bookmark this reply Add MontCollector to your friends list Get a Link to this Reply
Very nice! I really like that Tucker certificate.

Don't have any certificates myself, but we did inherit 350 shares of Daimler Chrysler stock from my father back in 2006. Been sitting on em for years. Haven't checked their value in quite a while.
Edited by MontCollector
07/23/2018 01:39 am
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spru's Avatar
United States
12441 Posts
 Posted 07/23/2018  02:09 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
Don't have any certificates myself, but we did inherit 350 shares of Daimler Chrysler stock from my father back in 2006. Been sitting on em for years. Haven't checked their value in quite a while.


I would investigate their value. They may need to be converted to have any real value, depending on when they were purchased. Chrysler was all up in the bailout, too, and filed for bankruptcy. I haven't found anything about the value of their older stocks, though.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
07/23/2018 02:11 am
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