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Genesco Inc (Johnston & Murphy, Dockers, Journeys), Bond Certificate

Genesco Inc (Johnston & Murphy, Dockers, Journeys), Bond Certificate

Regular price $9.99 USD
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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 green bond certificate from Genesco Inc., issued in 1977 and due in 1984 with an interest rate of 10 3/8%, features a vignette of a man in front of a cityscape. The certificate includes cancellation holes, stamps, and handwriting, indicating its authenticity and historical use.

Genesco Inc. has a rich history dating back to 1924 when James Franklin Jarman and William Hatch Wemyss, former salesmen for Carter Shoe Co. in Nashville, Tennessee, founded the Jarman Shoe Company. The company quickly grew and was renamed General Shoe Company in 1931. It went public in 1939 and continued expanding throughout the 1950s, establishing factories across the southern United States, particularly in Tennessee.

In 1959, the company rebranded as Genesco, two years after being included in the inaugural S&P 500 Index. Under the leadership of W. Maxey Jarman, the company diversified beyond footwear manufacturing, venturing into sports equipment and retail, including owning the New York department store Bonwit Teller and the S. H. Kress & Co. chain. However, over-diversification and ongoing manufacturing challenges in the southern U.S. strained the company.

Genesco's strategic shift to retail helped stabilize its operations. It exited shoe manufacturing in 2002 and now contracts with independent manufacturers outside the U.S. to produce its branded footwear. Today, Genesco owns several well-known brands and retail chains, including Johnston & Murphy, Dockers Footwear, Journeys, Journeys Kidz, Schuh, Trask, and Little Burgundy, each catering to different segments of the footwear market.

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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