City of Yonkers Consolidation Bond from 1875 signed by Mayor Joseph Masten
City of Yonkers Consolidation Bond from 1875 signed by Mayor Joseph Masten
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Are the certificates authentic?
Are the certificates authentic?
Yes, all of the certificates we sell are authentic stock and bond certificates unless otherwise mentioned in the description. At one point in time, this certificate represented a share of of the company, or a bond receipt. These certificates have been removed from circulation and digitalized, as seen by cancellation holes, stamps and writing on the certificate. We offer these certificates as a collectable item, not a security.
This is an original bond from the City of Yonkers, dated 1875 signed by the mayor, Joseph Masten. Printed in red, the document features a spread-winged American eagle at the top center flanked by two rosette medallions. A gold embossed city seal is affixed to the upper left. Printed by W. Huber, Printer, New York.
The bond shows a fold lines, with sligt foxing and brown staining along the fold lines and edges. The gold embossed city seal remains intact and legible. The bond is uncancelled, a notable feature for collectors. Offered as a collectible.
Yonkers in 1875 was a city mid-transformation. Incorporated just three years earlier, in 1872, it had grown quickly from a Hudson River mill town into one of Westchester County's most industrially active municipalities.
The Otis Elevator Company, founded in Yonkers by Elisha Otis, whose 1852 safety brake invention made the modern skyscraper commercially viable, was already operating along the waterfront. The Alexander Smith & Sons Carpet Company, one of the largest carpet manufacturers in the world, employed thousands of Yonkers residents and defined the city's working-class neighborhoods for decades. This consolidation bond was issued to reorganize the city's accumulated municipal debt as it built out the roads, sewers, and public infrastructure demanded by that rapid growth. The bond carried seven percent interest, payable semi-annually on April 1st and October 1st at the Office of the City Treasurer, with principal due April 1, 1892.
Municipal bonds from Gilded Age New York cities are a niche but steady corner of scripophily, particularly when they carry physical seals, handwritten official signatures, and remain uncancelled. This piece connects directly to the civic machinery of a Hudson River industrial city at its moment of self-definition.
Materials and care
Materials and care
Here are some quick tips to preserve your certificate for decades to come.
Paper quality: Stock certificates were printed on a variety of certificate paper dating back to the mid 1800s. Most of these vintage collectable certificates have signs of used & wear , cancellation holes, pencil / pen writing, stamps, staples, adhesives, slight rips, missing coupons and other features.
Handling: Always handle the certificate with clean, dry hands or use cotton gloves to avoid transferring oils and dirt from your skin onto the paper.
Storage: Store the certificate in a cool, dry place away from direct sunlight, which can cause fading. Use acid-free folders or archival-quality plastic sleeves to protect it from moisture, dust, and physical damage.
Framing: If displaying the certificate, use a frame with UV-protective glass to prevent light damage. Ensure the certificate is mounted using acid-free materials to avoid any chemical reactions that could degrade the paper over time.
Avoid Exposure: Keep the certificate away from direct sun, extreme temperatures and humidity, which can cause the paper to warp or deteriorate. Avoid exposing it to pollutants, such as smoke or chemicals, which can cause discoloration.
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