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Learning, Sharing, and Teaching => Investor Alley => Topic started by: Brandonb97 on March 13, 2019, 09:17:17 PM

Title: Old Stock Certificates
Post by: Brandonb97 on March 13, 2019, 09:17:17 PM
Iíve already submitted an order with a research company but it will take a month. Iím bored so Iím the meantime do you have any knowledge on these (I know one is Con Edison now and one is NASSCO). I donít know how to compute the value.
Certs (grandfathers name, have proof of ownership and they were never cashed in):
Consolidated Gas Utilities Co. 4 shares in 1929 Delaware
Federal Industries Incorporated 200 shares in 1976 Nevada
National Steel and Shipbuilding Corporation 65 shares in 1959 California
Title: Re: Old Stock Certificates
Post by: Brandonb97 on March 13, 2019, 09:21:59 PM
We've been hit by a blizzard over here and I believe the lagging internet posted this 4 times. I apologize.
Title: Re: Old Stock Certificates
Post by: K-ice on March 15, 2019, 07:48:45 AM
I once had a new stock certificate & had to meet with 3 banks before anyone knew what to do with it.

Good luck. I hope itís a pleasant surprise & they are worth a big fat FIRE number today.
Title: Re: Old Stock Certificates
Post by: K-ice on March 15, 2019, 08:04:30 AM
https://www.gd.com/news/press-releases/1998/10/general-dynamics-acquire-nassco-370-million

It looks like NASSCO was bought out in the late 90ís for cash + debt relief. Iím not sure where that cash would be today. Maybe itís kept somewhere like unclaimed dormant bank accounts.

If it was cash & shares your would probably still have some shares in the new company.

There must be records of what happened to all those companies, if Google doesnít have the answer then maybe your library can help look for old news stories.
Title: Re: Old Stock Certificates
Post by: Brandonb97 on March 16, 2019, 03:57:04 PM
I saw that regarding NAASCO, I hope they aren't going to argue that they weren't' cashed in during the acquisition or an argument similar to that. Here's some photos of the certificates, from what I've read they appear to not be transferred or cashed in.
Title: Re: Old Stock Certificates
Post by: Brandonb97 on March 16, 2019, 04:03:25 PM
attachment
Title: Re: Old Stock Certificates
Post by: Brandonb97 on March 23, 2019, 03:30:11 PM
bump