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new Duesenberg Automobile and Motors Company, Inc. - Stock Certificate (Uncanceled)

Inv# AS1027   Stock
New Item!
State(s): Delaware
Years: 1923
Color: Orange

Preferred Uncanceled Stock. The ultimate stock of the automotive category. Especially Fresh Near Mint Condition. Extremely Rare and Very Popular. In 1913, German brothers Fred and August Duesenberg founded Duesenberg Automobile & Motors Company, Inc. on State Street in Garner, Iowa to build sports cars. The two brothers were self-taught engineers and built many experimental cars. Duesenberg cars were considered some of the very best cars of the time, and were built entirely by hand. It was considered a luxury automobile company active in various forms from 1913 to 1937, and is most famous for their high-quality, record-breaking roadsters.

Duesenberg Motors Company (sometimes referred to as "Duesy") was an American manufacturer of racing cars and high-end luxury automobiles. It was founded by brothers August and Frederick Duesenberg in 1913 in Saint Paul, Minnesota, where they built engines and racing cars. The brothers moved their operations to Elizabeth, New Jersey, in 1916 to manufacture engines for World War I. In 1919, when their government contracts were cancelled, they moved to Indianapolis, Indiana, home of the Indianapolis Motor Speedway, and established the Duesenberg Automobile and Motors Company, Inc. (Delaware). In late 1926, E.L. Cord added Duesenberg to his Auburn Automobile Company. With the market for expensive luxury cars severely undercut by the Great Depression, Duesenberg folded in 1937.

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $1,044.00