FOR IMMEDIATE RELEASE
Contact: Media Relations, Scripophily.com
Tel: 703-579-4209; e-mail: media@scripophily.com
Scarcity of Old Stock and Bond Certificates
Contributes to Scripophily.com’s Best Year Ever
New
Delaware law is contributing towards elimination of Stock Certificates and
Collector Supply Shortage
WASHINGTON, DC (January 4, 2006) - Scripophily.com ®,
the Internet’s largest buyer and seller of collectible stock and bond certificates,
has seen a 30% increase in sales and a 24% increase in website traffic during
the year ending December 31, 2005 compared the prior year. The increase in activity is primarily due to
the scarcity of certain certificates according to Scripophily.com’s
CEO and Founder, Bob Kerstein. “Obtaining
previously unseen stock certificates is becoming harder and harder to
accomplish” says Mr. Kerstein. “With the
change in the laws in
According to the
Depository Trust & Clearing Corporation, paper stock certificates cost
companies, investors, banks and brokers hundreds of millions of dollars each
year to print, register, ship, examine, file and keep safe, even though they’re
involved in only about one-tenth of one percent of all trades daily on U.S.
markets. One recent study by the Securities Industry Association puts the
annual cost of handling paper stock certificates at $250 million or more. This
is why most companies want the physical certificates eliminated. This is contributing to the demand of
Scripophily (Stock and Bond Certificates) as well as increased prices of harder
to find items.
Scripophily [scrip-ah-fil-ly] is
the hobby’s name of collecting old stock and bond certificates. Historical certificates which otherwise have
no redeemable value as financial claims, are bought for their artistic and
historical value by collectors. Values range from a few dollars to more than
$100,000 for the rarest. Tens of
thousands of Scripophily buyers worldwide include casual collectors, corporate archives,
museums and serious collectors.
Scripophily.com LLC, The Gift of History, is the internet’s leading buyer and seller of collectible stock and
bond certificates and other old paper items.
and has had items on loan for
display in the Smithsonian’s Museum of
Financial History in New York, been featured on CNBC, USA Today, Baltimore Sun,
Washington Post and in many other media publications. The company offers an old stock research service
at OldCompany.com and also offers
high resolution scans for publications. Scripophily.com
was founded by Bob Kerstein
(bob.com) who has more than 25 years
of senior management experience in the Cellular, Cable TV, Satellite, Internet,
Professional Sports and Entertainment Industries. Bob is also the President of the Professional
Scripophily Traders Association (PSTA).
Scripophily.com ® has experienced over 17.4 Million page views on its
websites during the past 12 months. There are over 10,000 different selections
including categories such as Frauds, Scandals, Bankruptcies, Dot Coms, as well as the more traditional areas such as
Railroads, Telephone, Entertainment, Sports, Manufacturing, Mining, Utilities, Oil and Gas, Retail,
Tobacco, Food, Banks, Insurance and others.
For more
information on Scripophily.com®, visit www.scripophily.com, or call 1-703-579-4209.
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