Scripophily News

Scripophily News - Collectible Stock and Bond Certificates in the News from around the World! stock certificates on display in Smithsonian's Museum of American Financial History


2002 - 2003 News   2001 News   2000 News   1999 and Prior

 Scripophily is the name of the Hobby
of collecting stock and bond certificates

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 Scripophily in the NEWS

  • January 27, 2003 Scripophily News - Hobby of Scripophily Celebrates 25 Year Anniversary-
    Scripophily 1978 - 2003 - celebrates with Huge Sale
    - ...The hobby's name was conceived in 1978. The word resulted combining words from English and Greek. The word "scrip"  represents an ownership right and the word "philos" means to love..."We are happy to be part of this wonderful hobby that has thousands of collectors worldwide" said Bob Kerstein, CEO  "The hobby has many great people involved in it with whom I am proud to be affiliated" Kerstein added.


  • KOGO Radio in San Diego - Sunday, January 26, 2003 - "Money in the Morning" with George Chamberlin - Bob Kerstein, CEO of will join the radio talk show prior to the Super Bowl in San Diego to discuss the hobby of Scripophily.  KOGO is San Diego's EXCLUSIVE NewsTalk Radio Station.


  • ABC News - 1/15/2003 - Wall Street lobbies to ditch paper stock certificates - The Securities Industry Association is launching a publicity blitz this year to persuade publicly traded companies and their shareholders that a paperless world will save money and time. Its effort is aided by a New York Stock Exchange rule adopted this summer that allows listed companies to eschew paper certificates...."Certificates do so much in capturing the history of the company," said Kerstein...


  • January 15, 2003 WASHINGTON (Dow Jones) NEWSWIRES by Lynn Cowan --Wall Street's main trade group is campaigning to do away with paper stock certificates and instead keep track of all investor holdings electronically....As for scripophilists - collectors of stock certificates - the end of paper certificates would probably increase the market value of those in circulation today by capping the supply, said Bob Kerstein, chief executive of, a Chantilly, Va., company devoted to buying and selling certificates. But if many companies go electronic, collectors would miss out on the chance to buy new certificates that could later prove interesting or valuable.

  • January 9, 2003 -- CNBC's Wall Street correspondent David Faber has created a one-hour documentary - "The Big Heist - How AOL Stole Time Warner" - which details how the deal came together, how it unraveled and what the future might hold for the partnership.  Stock certificates provided by were used in this documentary.

  • January 6, 2003 - New York Times - Museum Explores Capitalism's Feats and Follies By RALPH BLUMENTHAL .....What would John D. Rockefeller say? In the basement of his Standard Oil Building, just steps from Wall Street, where the Museum of American Financial History celebrates the wonders of capitalism, an exhibit wall is papered with gaily colored stock certificates carrying names like Enron, WorldCom and ImClone Systems.... The latest exhibition of one-share stock certificates, worth virtually nothing except to collectors, were donated by, the Internet's largest buyer and seller of collectible stock and bond certificates. The hobby of collecting such nonredeemable paper is called Scripophily (pronounced skrih-POFF-a-lee).

  • January 3 2003 - Financial Times  - Scrip holds value long after closure by Peter Temple - When companies fail, are nationalised or are taken over, little remains to mark their passing except what one observer once called "the art of finance" - their stock and bond certificates......Others pick up certificates dating from spectacular corporate failures, like the South Seas Company or Penn Central. Enron and Worldcom certificates are currently a hot item. You can, for example, buy them ready-framed from the website . One boon is that the supply of new scrip is getting more limited. Dematerialised settlement means that paper certificates are gradually becoming a thing of the past, so even the most mundane will eventually acquire value.


  • December 31, 2002 - CNBC New Years Eve Show - Bob Kerstein, CEO of joins Michelle Caruso-Cabrera of CNBC to discuss's collectible Stock and Bond Certificates.

  • WASHINGTON, DC (October 28, 2002) - Donates Stock Certificates from Modern Scandals and Dot Coms to Smithsonian's Museum of American Financial History
    Scripophily .com ®, the Internet’s largest buyer and seller of collectible stock and bond certificates, has donated a collection of modern stock certificates from frauds, scandals, and dot com-related busts to the Museum of American Financial History, an Affiliate of the Smithsonian Institution located in New York City.  The certificates have been added to the Museum’s permanent collection and some, including the Enron certificate, have been incorporated into a display on market regulation and corporate responsibility in the Museum’s gallery at 28 Broadway in Lower Manhattan. “Until a year ago, our most popular permanent exhibit had been on the Crash of 1929.  Now, people are more interested in the recent bankruptcies and scandals because they have affected their own finances,” said Meg Ventrudo, the Museum’s Assistant Director for Exhibits and Education.  “We are grateful to for their generous donation.”...

  • Wednesday, October 9, 2002 - will be a Co-Sponsor in the Orlando Extravaganza OPEX 2003 Postcard and Scripophily Show in Orlando, Florida January 4th and 5th, 2003. The show is the Biggest and Best Old Paper Show in the South Eastern U.S. - HUNDREDS OF DEALER TABLES OF POST CARDS AND ALL TYPES OF PAPER ITEMS INCLUDING OLD AND MODERN STOCK AND BOND CERTIFICATES PRESENTED FOR SALE BY DEALERS FROM ALL OVER THE WORLD!

  • Monday, October 7, 2002 Palm Beach Post Tyco stock certificate going for $59.95  By Jeff Ostrowski, Staff Writer  With shares of Tyco International Ltd. trading around $13, who'd pay $59.95 for a Tyco stock certificate? Perhaps a "scripophilist" -- someone who collects stocks, paper money, letters and other documents of historical import. of Chantilly, Va., last week offered a Tyco certificate bearing the signature of former Chairman and CEO Dennis Kozlowski, a Boca Raton resident, for $59.95. Scandals boost a company's stock certificates, said Scripophily head Bob Kerstein. But given the rash of corporate malfeasance in the past six months, Tyco certificates haven't sold as quickly as Enron Corp. shares did this year.  The priciest certificate sold by Scripophily was a Standard Oil share signed by John D. Rockefeller and Henry M. Flagler. It fetched $8,500 -- and proved that, even for scripophilists, corporate crime doesn't always pay.


  • September 27, 2002 Chicago Sun Times Lifestyles of the rich and obscure BY CHRIS WHITEHEAD BUSINESS COPY EDITOR The economy may be stuttering, but a guy in Texas still came up with $44,000 for a big E that Enron used to have outside one of its Houston offices. And in Australia, a grocer paid a record $20,000 for the first tray of this season's mangoes--a fruit that usually sells for about $40 a tray. Both men were bidding at auctions--in Texas at Enron's garage sale and in Australia at a fund-raiser for a children's hospital. .....Paper profits Martha's troubles are probably good news for, too. The seller and researcher of old stocks and bonds will sell you a pair of stock certificates--ImClone and Martha Stewart Living--for $89.95. More interested in Enron? They'll sell you that, too, and for less than 44 grand.


  • September 21, 2002 WASHINGTON DC.- SCRIPOPHILY.COM WILL ATTEND Washington Historical Autographic and Certificate Organization Show On November 9th  2002 in Tysons Corner, Virginia - The Washington Historical Autographic and Certificate Organization is bringing together, on November 9th 2002, collectors and dealers of Scripophily from across the country. will have a large display of Modern Stocks which is one have the fastest growing areas of the hobby.  Included in this area are certificates from the current Scandals including such companies as Enron, Worldcom, Adelphia, ImClone, Martha Stewart, Rite Aid, Tyco International, DrKoop, Egghead, and XO Communications.  You will be able to see our exclusive "Insider Trading" and "Modern Scandal" Packages.  We will also be premiering our "Disconnected Number" package of failed telecommunication companies. This exciting show and auction will be held at the Westpark Hotel in Tyson Corner from 9 am to 5 pm.

  • Thursday, September 12, 2002; Page E05 Washington Post - For Some E-Commerce Sites, Modesty Is the Best Policy By Ellen McCarthy -Falls Church-based, for example, which sells stock certificates and other corporate memorabilia, is humming along nicely, said founder and chief executive Bob Kerstein.  Kerstein never intended to create a mega-corporation with thousands of employees. In 1996, after holding jobs with several public companies, he envisioned a start-up that could provide him a modest but steady living. By doing much of the grunt work himself and keeping costs minimal, Kerstein has kept the private business profitable and able to support its four-person staff, he said.  "The biggest key to the success is that we are doing it ourselves, not outsourcing the marketing, Web development and advertising," he said. "Had we outsourced it, we would have been bankrupt 10 times over."

  • THE WALL STREET JOURNAL  Wednesday, September 11, 2002 By AARON ELSTEIN Investors Find Certificates Are Still Worth Something .....Indeed, stock certificates may get scarce soon. The New York Stock Exchange said on July 30 that member companies no longer need to issue certificates, ending a decades-old rule. The Nasdaq has never had a rule requiring members to issue certificates, a spokesman said......Bob Kerstein, chief executive of LLC in Chantilly, Va., says that a certificate issued by Merrill Lynch in the 1970s is becoming of interest to collectors. The reason: The certificate contains a depiction of the World Trade Center.

  • Yahoo News September 4, 2002 - Receives SEC Position Letter

  • Kiplinger - COLLECTIBLESCoins & Stock Certificates -  If the company is long gone, a stock-certificate collector (called a scripophilist) may still be interested in it as a collectible....visit and the Washington Historical Autograph and Certificate Organization.

    . ®, the Internet’s largest and most recognized brand in the collectible stock and bond market has received a no-action letter from the Staff of the Division of Market Regulation of the Securities and Exchange Commission that will enable to sell single share certificates.....“We are also very grateful for the cooperation and assistance of the SEC in helping collectors preserve the history of our times by addressing this issue”, added Kerstein....

  • 8/27/2002 The Buffalo News   Adelphia stock worth big bucks to collectors By FRED O. WILLIAMS News Business Reporter  Adelphia stock only fetches 14 cents on the over-the-counter market, but there's still a place where it's worth $80 a share.  Actually the price is $79.95, and the place is, a company in Falls Church, Va., that makes a market in the stock certificates of infamous companies.

  • 24.08.2002 New Zealand Herald - Corporate scandals leave scent of cash

  • Voice of America News - 20 Aug 2002 - Collectors Buying Stock Certificates of Beleaguered Corporate Giants - As investors watch their stock portfolios plunge in the wake of corporate mischief sweeping Wall Street, collectors are snapping up stock certificates from the beleaguered corporate giants...  A website called buys and sells old stock certificates. The innovation that sets the company apart from its competition....

  • Reuters - August 20, 2002 - By Christopher Doering - WASHINGTON, Aug 20 (Reuters) US corporate scandals create new collectors' market - As investors have watched their portfolios plunge in the wake of corporate mischief sweeping Wall Street, collectors have snapped up anything associated with beleaguered companies ....Stock certificates have garnered the most attention as they offer the best long-term "investment" for collectors. ...Kerstein's Scripophily .com is selling its "Insider Trading" package of certificates from ImClone Systems Inc IMCL.O . and Martha Stewart Living Omnimedia MSO.N for $90.

  • Monday, August 12, 2002; Page E01  Washington Post Collecting Something Other Than Dividends By Jerry Knight Enron Corp., Adelphia Communications Corp., Kmart Corp., Qwest Communications International Inc., Peregrine Systems Inc., Dynegy Inc., WorldCom Inc. and its MCI tracking stock....Kerstein's customers are not investors. They are collectors, business history buffs, scandal fans and cynical survivors of one of the darkest chapters in the history of capitalism. And they all want stock certificates....


  • Yahoo Finance - Monday July 29, 2002 - Stock Certificates Capture Business Trends and Historic Events -, the Internet's largest and most recognized brand in the collectible stock and bond market...

  • WASHINGTON, DC July 29, 2002 - Business Wire - Stock Certificates from Scandals, Insider Trading and Bankruptcies are Worth Collecting - According to Bob Kerstein, CEO and Founder of “Modern day certificates from frauds and scandals are highly desirable because people have lived through the era from irrational exuberance to infectious greed.   There is a connection of the best of times and the worst of times that will live in all of us for many years to come.”  PDF file


  • Dateline ABC SUNDAY, JULY 28, 7:00 P.M. ET - Take the Money and Run NBC Anchor Tom Brokaw reports for a one-hour Dateline special, “Take the Money and Run - Major Scandal Stock certificates for the special supplied by
  • 26/07/2002 Réseaux & Télécoms Violente remontée des actions Worldcom et Enron Marc OLANIE - Qwest, Worldcom, Kmart, MCI, Enron, rien que du beau linge –devrait-on dire linceul- réuni dans un « Modern Scandal Package » vendu pour la modique somme de 300 $ (offre promotionnelle, prix public 530 dollars).
  • July 26, 2002 Wall Street Journal - Collecting Corporate Scandals By BROOKS BARNES -  Corporate fiascoes are roiling Wall Street -- but they're heating up the collectibles market...but don't buy thinking that the stuff will go up in value.. .One exception: Stock certificates of famous defunct companies, which have a much longer history as collectibles.  Worldcom Stock Certificate compliments of
  • July 10, 2002 - Darwin Magazine -  Stock Report By Daintry Duffy - Remember how your friends laughed when you told them of your plans to get rich on stock?...According to Bob Kerstein, founder and CEO of, among the biggest sellers on his site are...

  • July 9, 2002  - Jay Leno Show  "Let me ask you: Anybody got a Martha Stewart stock certificate? I'll trade you two WorldComs and an Enron for it, if you have one!"
  • July 9, 2002 - David Letterman Show "By the way, before I came out here, I received a phone call from Martha Stewart and she asked me if I would make an announcement for Martha. And she just wants all of her stockholders to know that those stock certificates can be made into lovely place mats."
  • July 2002 - makes History Channel's Prestigious "Shop History Site" List

    July 2002 - Scripophily Magazine - DOT COM MANIA and Article - Bob Kerstein, CEO Scripophily .com

  • Star Ledger June 26, 2002 - How to Make Money on WorldCom by Andy Obermueller - While the rest of the planet was going nuts watching WorldCom, Bob Kerstein was cool as a cucumber. He's selling his shares for a hundred bucks a pop. Say what? Kerstein deals in stock certificates as collectibles, and he's getting $100 apiece for WolrdCom shares.... which bear the printed signatures of ousted CEO Bernie Ebbers and deposed CFO Scott Sullivan....

  • June 12, 2002 Norway Bilverden:Packard skal gjenopplives - Hjælp!  Eller hvis du går til en annen site jeg har stor glede av, og derfra banker deg inn på biler, vil du blant annet se at et nydelig, gammelt aksjebrev fra Packard vil koste deg under 40 dollars.

  • THE MOTLEY FOOL  Date: 06-10-2002; The Dallas Morning News; Finding old stock certificates'


  • June 9, 2002  The Hartford Courant We frequently hear from readers who find old stock certificates and don't know how to determine their value. It's a confusing matter, because many companies merge with and split from other companies, changing their names along the way...At, for a fee, you can have some research done on whether your stock or bond certificate has any value. (Even if your company has gone belly-up, the certificate may have value as a collectible. Scripophily may buy it from you...


  • May 2002 - Esquire Magazine - What to do with your Stock Certificates by Brian Frazer.  ( The certificates shown in this article came from )


  • May 2, 2002 -  X PRIZE and offer Commemorative Certificate Erik Lindbergh’Depart Solo Flight Across The Atlantic Grandson follows 1927 flight plan to commemorate its 75th Anniversary and to promote the X PRIZE and space tourism

  • May 1, 2002 - Antique Trader - Investing interest - Stocks and Bonds track the history of financial heartache.... Surprisingly, many of the new stocks are more valuable than the earlier pieces...

  • Monday, 8 April, 2002 BBC News - Worth the paper it's written on?...The art of share certificate collecting is called scripophily and it's quite a little hobby.


  • Friday, March 29, 2002 - The Sacramento Bee - Jack Sirard - From the amount of mail I've been getting on this subject of late, it looks as though more and more people are treasure hunting in their ( wheels and deals in historic stock certificates. Scripophily is the formal name for collecting antiquated stock certificates. has been in business since 1996 and bills itself as a leading provider of collectible stock and bond certificates and other old paper items. It also provides research information on old stocks and companies. The toll-free number is (888) 786-2576.

  • 07-Mar-2002 FEATURED PROGRAMMING E*TRADE Financial Daily Pack rats unite: Collecting old stock certificates (8:03)  host Jonathan Hoenig and WebFN News Anchor Tom Hudson talk about this unusual hobby with Bob Kerstein, CEO of

  • February 28, 2002 - CBS Evening News - Dan Rather reports "...Enron's actual stock is selling for less than the paper its printed on at $100..." with a certificate image provided by and held by Bob Kerstein, CEO.

  • February 27, 2002 Strasburg, Pennsylvania is going on a Stock and Bond Roadshow

  • January 22, 2002 Pennsylvania State University Enron Disaster Will Provide Lessons For Years To Come Deseret News Publishing Co by Ron Scherer and David R. Francis

  • January 16, 2002 - The Christian Science Monitor Lessons of Enron: How could no one have seen it? ...The degree to which Enron has fallen is summed up by the fact that its stock may now be worth more as a souvenir than as a certificate of ownership. Bob Kerstein, an accountant and financial historian, is offering Enron stock certificates on his collector web site,, at $100 a pop. Or he was - right now he's sold out.

  • January 11, 2002 - Houston Business Journal - Enron Corp.'s stock price has been reeling in the range of 66 cents to start the new year, but there's still one place where a share of the fallen energy giant commands .... A "beautifully engraved certificate" of Enron stock last week was priced at $99.95 on, the Old Stock Superstore. "We are currently sold out," notes "But we expect to receive some more."

  • January 3, 2002 KLIF Dallas Radio Station Ankarlo Mornings  Darrell's first week at KLIF Enron Stocks are Collectors' Item guest: Bob Kerstein - president of - Note: We are about 32 minutes in the show.


  • January 4, 2002 - correspondent Steve Orr talks with founder Bob Kerstein of the Old Stock Superstore, who says collectors buy certificates for companies like Enron to remind them of how bad and good...things can be.

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