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 Tuesday, July 21, 2009
A Great Time for Railroad Stocks and Bonds
Posted by colin
The railroad bond and stock certificate market is still in a slump for years now and it really is an opportune time to put a great collection together of decent high quality material.
These can be collected by favorite railroads or perhaps you had a Lionel, American Flyer, or a smaller HO gauge toy train set as a kid. Larger railroads of yesteryear such as the New York Central, Pennsylvania, Milwaukee Road and Santa Fe come to mind all going into the "fallen flags" category. Then there are many certificates available of the early start up local railroads built in the last half of the 19th century. Many different examples are currently available on line and in certain auctions.
A more specialized collecting theme is vignettes which I have an interest in as found on bonds and share certificates of Eastern railroads. These are some of the finest engravings produced. A great example is the one I'm illustrating used on the $1000.00 and $10,000.00 gold bonds issued for the Lehigh Valey Railroad in 1909 and 1934.
Printed by the American Bank Note Company the vignette shows track workers at left and right, an oncoming steam engine at left center, a horse drawn wagon at left and control tower at right with both being in the distance. My cost for each for these punch canceled examples was well under $10.00 each and will look rather impressive when they will be framed and hung up.
Tuesday, July 21, 2009 8:13:34 PM (GMT Daylight Time, UTC+01:00) 
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