Lum's Inc, (former Caesars Palace) Stock Certificate
Lum's Inc, (former Caesars Palace) 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 brown stock certificate from Lum's Inc., issued in 1971, features cancellation holes, stamps, and handwritten annotations, indicating its authenticity and historical use.
Lum's Inc. was an American restaurant chain founded in 1956 by Stuart and Clifford S. Perlman in Miami Beach, Florida. The chain became famous for its unique menu item, hot dogs steamed in beer, and quickly expanded during the 1960s and 1970s. At its peak, Lum's operated over 400 restaurants across the United States.
In 1969, Lum's Inc. made a significant acquisition by purchasing Caesar's Palace, a renowned hotel and casino in Las Vegas, Nevada, which diversified its business operations. However, the company faced financial difficulties and changes in ownership over the years, leading to its eventual decline.
By the late 1970s, Lum's began to struggle with maintaining its business, and by the 1980s, the chain had significantly contracted. Despite its decline, Lum's remains a nostalgic brand for many who remember its distinctive dining experience and its impact on American fast food culture.
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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