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How to Find the Value of Your Old Stock Certificates

Picture of How to Find the Value of Your Old Stock Certificates
You have old stock certificates! The stock certificates you have found in you attic, got in inheritance or simply forgot about. The steps to take to find out the value of you stock certificates will most probably take you one afternoon at the library if you know where to look.

You will need:
-decent knowledge of securities
-name of the corporation and transfer agent (both found on stock certificate)
-access to corporate changes directories (check your local library)
 
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Step 1: Head down to the library

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There are reasonably priced databases although many of those are available at your local library. 
Resources you're looking for:
          -Directory of Obsolete Securities 
          -Robert D. Fisher Manual of Valuable and Worthless Securities
          -"Survey of Predecessor and Defunct Companies" The Financial Post
          -Capital Changes Reporter - Published by Commerce Clearing House 

Any one of these books will be sufficient. In most cases these books are held in the reference section.

To find the value of our certificates, simply follow the corporation name found on your stock certificate through these directories. 
Let's make our example Eagle Lock Co., 100 shares.

Eagle Lock Co. is found on page 594 of the Directory of Obsolete Securites. The book states :
"Acquired by Bowser(S.F) & Co., Inc. which name changed to Bowser, Inc. (IN) in 1943.
Each Share Capital Stock exchanged for $25 principal amount of Debentures due 7/1/63 and
0.5 share Common $1 par.
Bowser Inc. (IN) reincorporated in Delaware as Bowser Delaware 11/17/69"


Any reference to "Capital Stock" essentially means shares held in the company. So for this case, the origina 100 shares/Capital Stock were exchanged for $25 of Debentures(Bond type instrument) and 0.5 shares in the newly formed corporation. Now let's follow the newly formed entity:

Bowser Delaware Corp. is found on page 249 of the Directory of Obsolete Securities. The book states:
"Completely liquidated 7/2/70
Each Share Common $1 par and Class B Common 1$ par exchanged for first and final distribution of $18.60 cash"


The $1 par that is referenced does not mean anything in terms of this research. It used to have meaning in primitive capital structures although it is no longer relevant. It remains in a legacy law.
If your shares were lost during the time of the distribution there may be  chance the distribution amount is still waiting. To look into this you will have to contact the company's transfer agent. Our next step will look into how to do so.


All of this work can be easily, quickly and throughly accomplished for you if you do not wish to undertake the effort. Stock Cert Expert's old stock certificates research package will identify the current status and value for $24.95. The above work could take 3-5 hours to accomplish - if you are unwilling to start your own personal scavenger hunt I would go with Old Stock Certificate Research here.

Step 2: State Business Entity Search

Picture of State Business Entity Search
Let's continue with Bowser Delaware Corp. from the previous steps example. The company was (as we assembled) incorporated in Delaware. From the state of Delaware we can receive the date of termination of the company and the company's last transfer agent which will be critical later on.

The site below offers links to all business entity searches in all states. 

http://www.secstates.com/

If the company you are researching is incorporated in Canada the site below offers links to all Provincial Resources

http://goldsheetlinks.com/obsolete.htm

Most states have online search options although a few still deal only over the phone. This changes state to state although the state used in our example, Delaware, does have an online business search that will allow for us to retrieve all records. Delaware Business Entity Search (https://delecorp.delaware.gov/tin/GINameSearch.jsp ) We enter the name of the business we are researching and our sent to a page that contains the following:

THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 0725810 Incorporation Date / Formation Date: 08/28/1969
(mm/dd/yyyy)
Entity Name: BOWSER DELAWARE CORPORATION
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: INACTIVE AGENT ACCOUNT
Address: SECRETARY OF STATE TOWNSEND BLDG
City: DOVER County: KENT
State: DE Postal Code: 199011234
Phone: (302)739-3138


We see here as is often the case the transfer agent for the company is also no longer in business. The contact information that will help us through to the next step will always be found here. The contact information above is for the secretary of state for Delaware. Record the phone number and move onto the next step.

Step 3: Contact the Company's Transfer Agent

From our local library we were able to track down the various corporate changes that the company went through. From the Secretary of State's site we found a Business Entity Search. From this search we were able to gather the Transfer Agent information.

In this step you will be able to determine if there is any money left for you. The transfer agent will be able to confirm with you all of the corporate changes the stock ownership you have has undergone and the result for you. If there is any money awaiting you they will notify you. In some cases stocks split and are acquired and so your initial ownership could at present be of a different number of shares in a different company is a case like that the transfer agent can send you a correct certificate.

This step can be the most time consuming and confusing, if you are looking to save time. Stock Cert Expert's old stock certificates research package will identify the current status and value for $24.95. The above conversations can span many weeks with representatives at the respective companies and transfer agents. Professionals can speed up the time you are waiting to receive your money - for professional I would go with Old Stock Certificate Research here.


Step 4: Professional Help

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At this point you have pieced together the entire corporate history for the shares that you own! If the transfer agent requires for you to get proof-of-purchase for your shares or any other legal matters arise it is at this point where professional help can be a very valuable resource. There are a few stock research firms that are out there for the more complex corporate histories with retructurings and the like that we have not covered. I would recommend Stock Cert Expert(http://www.stockcertexpert.com/ ) if you choose the route of having professional stock research service guide you.

In all best of luck in establishing you share's current monetary value and corporate status!