« previous next »
Pages: 1

Author Topic: How do you sell PHYSICAL SHARES of stock?  (Read 3128 times)

Tezz24

  • 5 O'Clock Shadow
  • *
  • Posts: 25
How do you sell PHYSICAL SHARES of stock?
« on: April 04, 2018, 12:17:59 PM »
I have 40 shares of PG&E stock my grandpa gave me 25 years ago that I just came across. These are literally two sheets of paper stock with 20 shares each (bought for $5 woo!). They look pretty cool actually.

Does anyone know how I can sell them? My bank (Chase) said I have to open a brokerage account, or possible open an account directly with PG&E. Can I do this through Vanguard? Other option? I'd rather not go through the hassle of opening another account.
Logged

NoStacheOhio

  • Handlebar Stache
  • *****
  • Posts: 2136
  • Location: Cleveland
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #1 on: April 04, 2018, 12:21:12 PM »
Looks like you can just add them to your Vanguard: https://forum.mrmoneymustache.com/investor-alley/what-to-do-with-paper-stock-certificates/

Process takes a while though
Logged

Tezz24

  • 5 O'Clock Shadow
  • *
  • Posts: 25
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #2 on: April 04, 2018, 12:27:24 PM »
Awesome. Thanks. That looks like the way to go. I'll call Vanguard tomorrow.
Logged

hodedofome

  • Handlebar Stache
  • *****
  • Posts: 1463
  • Age: 44
  • Location: Texas
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #3 on: April 04, 2018, 03:30:22 PM »
Just send them to my house and I'll take care of it.
Logged

TheAnonOne

  • Handlebar Stache
  • *****
  • Posts: 1769
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #4 on: April 04, 2018, 03:40:33 PM »
Is it possible to buy physical shares anymore? I thought it would be a neat idea to give them as gifts to my nephew(s) and niece(s)


**And if it is possible, can you do VTI/VTSAX? or only single stocks?
Logged

Heckler

  • Handlebar Stache
  • *****
  • Posts: 1752
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #5 on: April 05, 2018, 08:34:00 AM »
Quote from: TheAnonOne on April 04, 2018, 03:40:33 PM


**And if it is possible, can you do VTI/VTSAX? or only single stocks?

I’d rather not have this drive up the expense ration, thx.
Logged

ISawTheLight

  • 5 O'Clock Shadow
  • *
  • Posts: 23
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #6 on: April 05, 2018, 11:00:52 AM »
A couple of things:

PG split 2 for 1 in 1992, 1997, and 2004.  Depending on when you actually got the stock (did you get it before June 1992?) you will either have 320 shares or 160 shares today.

PG has been paying dividends every quarter since you received the shares.  Have you been getting the dividend checks?  If not, it would be very much worthwhile to track them down.  You could have a couple of thousand dollars of dividends coming to you.
Logged

Tezz24

  • 5 O'Clock Shadow
  • *
  • Posts: 25
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #7 on: April 06, 2018, 07:38:46 AM »
Great point. Thanks.

I received them in December 1992, so it looks like I have 160 shares. And yes, I have received dividends every quarter. $37 each quarter!
Logged

daverobev

  • Magnum Stache
  • ******
  • Posts: 4028
  • Location: France
Re: How do you sell PHYSICAL SHARES of stock?
« Reply #8 on: April 06, 2018, 10:43:57 AM »
Quote from: TheAnonOne on April 04, 2018, 03:40:33 PM
Is it possible to buy physical shares anymore? I thought it would be a neat idea to give them as gifts to my nephew(s) and niece(s)


**And if it is possible, can you do VTI/VTSAX? or only single stocks?

Lots of companies do DRIPs where you can buy monthly/quarterly and have the dividends reinvested. In some cases you need to buy a single share to start off.

There are companies that sell single shares in the US; in Canada generally people do it between themselves. Not cheap, I think: http://www.giveashare.com/ https://uniquestockgift.com/

Logged
Pages: 1
« previous next »
 

Wow, a phone plan for fifteen bucks!