Do You Need Any Qualifications To Be A Football Agent Old Stock Certificates Can Fetch Major League Prices

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Old Stock Certificates Can Fetch Major League Prices

Sitting at the bottom of many a file cabinet and dusty chest of drawers may be a little treasure for the unsuspecting. Even if your portfolio has declined during the latest bear market, your old stock certificates may still be worth more than the original stock they once represented.

Old stock certificates have become very valuable. Electronic record keeping has made it rare for most companies to issue stock certificates. And as investors trade in their paper certificates for electronic shares, they often dilute their numbers even further with transfer agents.

Old stock certificates can be works of art, often with colorful illustrations, making them an unusual and interesting piece of art in any business or home. Like many antiques, many vintage stock certificates also tell a unique story that cannot be captured in electronic shares issued today. Because of this, they are sought after by hobbyists, Wall Street collectors and people looking for unique gifts.

Sports team certificates are some of the most sought after

Some of the most sought after and hard to find stock certificates on the market today are those of professional sports teams. Very few US professional sports teams have ever gone “public” or issued stock certificates. Most sports organizations in the United States are operated as franchises with strict ownership rules.

The major professional sports leagues, including the National Basketball Association, Major League Baseball, National Hockey League, and National Football League, have each adopted strict rules and regulations that determine whether a team can go public. Needless to say, this is a tight-knit club and they guard entry vigilantly.

The Green Bay Packers are the only publicly owned NFL team to issue stock. The Packers’ ownership group joined the current policy that prohibits all-but public ownership. The Green Bay Packers issued the stock in 1923, 1935, 1950 and 1997. There are about 112,000 shareholders, who do not have voting rights and cannot redeem shares for cash. Basically, each of these stakeholders bought a historical memento. Although these shares have no intrinsic value, they have become very valuable as collectibles. A 1997 issue can sell for up to $1000 in today’s market. Old issues are very hard to find and are rarely offered for sale.

Other major league sports teams that have issued stock over the years are:

Florida Panthers (NHL): Went public (NASDAQ) in 1996 and then sold to private investors in 2001. (A certificate sells for about $300 – $500)

Boston Celtics (NBA): Became the first major sports franchise to go public (NYSE) in 1986 only to go private in 2003. (A certificate sells for about $150-$175)

Cleveland Indians (MLB): Became the first Major League Baseball team to go public in 1998. It was quickly acquired and privatized in 2000. (A certificate sells for about $200-$250)

Many sports-related stock certificates are also valuable

While “Pure Play” sport stock certificates are rare, other issues of interest to collectors in this category include the World Wrestling Federation, Madison Square Garden, Broadway Joe’s (a former restaurant owned by Joe Namath), and the short-lived XFL. Also, be sure to look for minor league franchises and foreign sport stock certificates. In other countries, such as Canada, there are several major-league publicly-owned sports companies.

Sure, many major league franchises are owned by large corporations, but they are only a piece of their balance sheet. Which stock certificate do you own with the Dodgers or Rupert Murdoch’s News Corp? So check your file cabinets and storage units. Those old stock certificates may be worth more than you think.

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