As a hobby Scripophily

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a large part of scripophily area of financial history. on years there have been millions of companies needed raise money business. in order so, founders of these companies issued securities. speaking, either issued equity security in form of stock or debt security in form of bond. however, there many varieties of equity , debt instruments. can common stock, preferred stock, warrants, cumulative preferred stocks, bonds, zero-coupon bonds, long term bonds (over 15 years) , combination thereof.

each certificate piece of history company , business. companies became major successes, while others acquired , merged other companies. companies , industries successful until replaced new technologies. companies have been center of scandal or fraud. color, paper, signatures, dates, stamps, cancellations, borders, pictures, vignettes, industry, stock broker, name of company, transfer agent, printer, , holder name add uniqueness of hobby.

a lot of companies either never successful or went bankrupt, certificates became worthless pieces of paper until hobby of scripophily began. mining boom in 1850s, railroad construction in 1830s, oil boom in 1870s, telegraphy (1850s), automobile industry beginning around 1900, aviation (around 1910), electric power , banks in 1930s, airline wars , mergers in 1970s, cellular telephones (1980s), long distance telephone service in 1980s , 1990s, , dot-com era , enron resulted in historically significant certificates being generated , issued.

today, more stocks , bonds issued electronically, meaning fewer paper certificates issued percentage of actual stock issued. internet has played dramatic role in raising awareness of hobby. number of websites exist sell old stocks , bonds include scripophily.com , oldstocks.com.