Scripophily.com Launches Websites to Purchase Paper United States Government Treasury Bonds, Bearer Bonds and Savings Bonds
United States Government no longer issue paper bond certificates which can make them more valuable as a collectible vs. redeeming them with the United States Treasury.
Washington DC (PRWEB) November 18, 2013
Scripophily.com ®, the Internet’s largest buyer and seller of collectible stock and bond certificates, has launched three additional websites to acquire paper United States Government issued Bearer Bonds (BearerBonds.pro), Treasury Bonds (TreasuryBonds.pro) and Savings Bonds (SavingsBonds.pro).
“Paper Government Bonds are becoming very collectible since the U.S. Treasury is no longer issuing them in paper form. Most paper bonds have been cashed in and destroyed, which can make the surviving bonds more valuable than if they were currently redeemed,” said Bob Kerstein, CEO of Scripophily.com. “This is particularly the case for government issued bearer bonds since they no longer accrue interest,” Kerstein added.
A bearer bond is a debt security issued by the government which was unregistered meaning that no records were kept of the owner or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued owns the instrument and its value. This operates very similar to how paper currency works. Since these type of bonds no longer earn interest, most were redeemed which makes the remaining outstanding bonds scarcer and more collectible.
A registered bond debt instrument whose owner is registered with the bond's issuer and their owner's name is printed on the face of the bond. U.S. Savings Bonds are an example of this type of bond. Most registered bonds are now tracked electronically, using computers to record owners' information. Although paper registered bonds are typically not a collectible as bearer bonds, they still can have value if they are unique and rare.
Stock and bond certificates are collected because of their historical significance, beauty and artwork, autographs, notoriety, as well as many other factors. The supply of new certificates reaching the collector market has been substantially reduced due to changes in state laws and stock exchanges rules. Many companies are no longer required to issue paper stock and bond certificates, and only issue them in electronic form. This has increased the collectability of the existing paper certificates due to their scarcity.
Scripophily (scrip-ah-fil-ly) is the name of the hobby of collecting old stock and bond certificates. Values range from a few dollars to more than $500,000 for the most unique and rare. Tens of thousands of Scripophily buyers worldwide include casual collectors, corporate archives, museums and serious collectors.
Scripophily.com – The Gift of History is the internet’s leading buyer and seller of collectible stock and bond certificates and has had items on loan for display in the Smithsonian’s Museum of Financial History in New York. The company has been featured on CNBC, USA Today, Associated Press, Reuters, Nightline, Today Show, Baltimore Sun, and Washington Post and in many other media publications.
The company also offers an old stock research service at OldCompany.com to help determine redeemable value. In addition, the company offers high resolution scans for publications. Scripophily.com /Old Company Research Service is the successor company to all material published by the Marvyn Scudders Manuals, the Robert D. Fisher Manuals, and the Herzog & Co., Inc. obsolete research services, which have been performed continuously since 1880. We are the leading provider of authentic stock certificates, autographs, and old company stock research services.
Scripophily.com was founded by Internet Pioneer, Bob Kerstein (Bob.com). Bob is a CPA and CGMA, and has more than 37 years of senior management experience in the Cellular, Cable TV, Satellite, Internet, Professional Sports and Entertainment Industries. Bob is also the President of the Professional Scripophily Traders Association (PSTA).
For the original version on PRWeb visit: http://www.prweb.com/releases/2013/11/prweb11341714.htm