1984 dated The Stock and Bond Collector's Price Guide by Bill Yatchman - Scripophily - Collecting of Old Historical Stocks and Bonds
Inv# BO1000 Bond
Greentree Stocks, MI, 1984, 234pp, 1212 photographs of various stocks and bonds by category. Book includes an introduction to terms commonly used in the hobby. Front and back displayed.
Scripophily refers to the study and collection of stock and bond certificates. This specialized branch of numismatics has emerged as a distinct area of collecting due to the aesthetic appeal of certain historical certificates and the interest in the historical significance of many of these documents. Additionally, some stock certificates are notable for their exceptional engraving quality. Occasionally, collectors may discover an old stock certificate that retains value, representing actual shares in the original or a successor company. The hobby of collecting old stocks and bonds, known as scripophily, began to gain prominence around 1970.
The term "scripophily" is derived from a combination of English and Greek words, where "scrip" signifies an ownership right and "philos" translates to "love." Today, there are thousands of collectors globally who seek out rare, scarce, and sought-after stock and bond certificates. Many of these collectors, whether private investors or business professionals, engage in scripophily as a pastime, while others view it as a viable investment opportunity.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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