King's Department Stores, Inc Purple Stock Certificate
King's Department Stores, Inc Purple Stock Certificate
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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 purple stock certificate from King's Department Stores, Inc., issued in 1967, features cancellation holes, stamps, and handwritten annotations, reflecting its authenticity and historical usage.
King's Department Stores was founded by Ollie Cohen in Brockton, Massachusetts, in 1956. Over the next two decades, the chain grew to approximately 125 stores, acquiring Mammoth Mart and Barkers along the way. These acquisitions helped expand the company's footprint and customer base, making it a significant player in the discount retail market during its peak years.
In the late 1970s, King's was sold to KDT Industries, a move that marked the beginning of the company's financial difficulties. By 1982, King's declared bankruptcy and started closing poorly performing stores to try and mitigate its financial troubles. Despite these efforts, King's was unable to recover, and in 1984, the company went out of business entirely. The remaining stores and properties were sold to Ames Department Stores, which itself faced financial challenges and eventually went out of business.
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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