GE Stock certificate from 1981.. worthless?
 

hmm.. "Stick" certificate. Wish we could edit post titles!

So, a long time ago a friend of mine gave me a bunch of stuff. Among it all was a General Electric Co . Stock certificate, I think dated 1981.
It appears to be punched for one share.

What, if anything, is this thing worth?

http://forums.pelicanparts.com/uploa...1310847743.jpg


I wonder if this is the same George L Mahoney...

George L. Mahoney Profile - Forbes.com

Title edited.

Common GE stock is worth $18.41 as of Friday's close.

So, I'd say that paper's worth about $18.41, give or take a penny or two.. :)

-Z-man.

Maybe more. There have been stock splits since. 1 stock from then could be 20 today. Plus where were dividends paid to?

have there been any splits or anything? Wouldn't that make a difference?

Wonder if this will work, probably not.
http://chart.finance.yahoo.com/z?s=G...n-US&region=US
looks like there have been a few splits. I assume those would have to be taken into consideration.
GE Basic Chart | General Electric Company Common Stock - Yahoo! Finance

if the stock splits were 2:1 (I have no idea), then that one share would be 32 shares at $18 which is pretty cool. I assume that you could follow the link that I posted and figure it out.

Absolutely worthless. Please mail it to me. I collect old printed material like stock certificates and paper with green drawings of dead presidents... :D

It is now worth 48 shares. @ 18.41/share -> $883.68

Splits

5/5/2000 - 3 for 1
5/9/97 - 2 for 1
5/13/94 - 2 for 1
5/22/87 - 2 for 1
6/1/83 - 2 for 1

I'd say you owe your friend a beer or two.http://forums.pelicanparts.com/support/smileys/wat6.gif

hmm... it's not like that piece of paper is a bearer cert... right? I mean, who uses those ppr certs for tracking anymore?

registered stock certificate... not a bearer stock certificate?

.........

I have no idea...

me either . . .it's just that it says "This certifies George L Mahoney as the owner of...

...but I'm no expert on these things. :-/

maybe one of these other guys will give you 8bills for it. ;)

Well done James...

Maybe you should work on that Debt Ceiling problem ;)

I think the better question now is, how would he sell it?

The cert is actually from 1956 (see bottom signature), the other numbers by the name may a client, account, or security number.

This, like most other certs, is a named cert - not a bearer item - is the power of attorney portion on the back signed over?

In all probablility, the stock cert has been redeemed / cancelled - are there any holes punched along the left side of the cert? (pic doesn't show the left edge)

If there are no holes punched, you may want to contact the transfer agent for GE and check on the cert number to see if it's still a valid certificate.

AM

The recent Ferrari post reminded me of this post I had made long ago. Totally forgot about it.

I still have that stock certificate. And to answer Andrew's question, there are no holes along the left edge... and there is ZERO signatures or handwritten anything on the back side.

If it does end up being worthless, then I'd be interested in it for a friend. I work for GE and several people at work collect GE memorabilia. Some people bought the old GE comic books that promoted science and engineering. If you decide to get rid of it then send me a PM.

Take it to a broker.... Establishing ownership would be a problem, unless you are George Mahoney, or an heir or assignee that is legally traceable.

Edit: found this after my reply above. Has some more options: http://www.wsj.com/articles/SB10001424127887324100904578400750292505328

Who has been receiving the 1099-Ds? Who has been paying the taxes on the dividends (and splits)?
So in order to redeem your one/forty-eight shares, you've got to pay uncle Sam retro taxes an penalties amounting to $xx,xxx.xx. Hopefully the redemption value is more than the accrued taxes and fines.
Bill K

If a company announces a 2-for-1 stock split it will double the number of shares outstanding. If a company had 1 million shares outstanding and announces a 2-for-1 split, it will issue 1 million new shares to its stockholders. After the split, the company will have 2 million shares outstanding, and each stockholder will have twice as many shares as he had before the split. Doubling the number of shares immediately cuts the value of each share in half. A stock worth $10 a share before the split will be worth $5 a share after the split. Companies may also choose odd-number splits, such as 3-for-2 or 5-for-4. Such splits will have similarly proportionate effects on an individual stock's value.