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Pennsylvania New York Central Transportation Company (blue or red) Stock Certificate

Pennsylvania New York Central Transportation Company (blue or red) Stock Certificate

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Regular price $14.99 USD
Regular price Sale price $14.99 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 blue and red stock certificate from the Pennsylvania New York Central Transportation Company, issued in 1968, features a detailed vignette of a man with a train, plane, and cityscape, symbolizing the company's involvement in various modes of transportation. The certificate includes cancellation holes, stamps, and handwritten annotations, indicating its authenticity and historical use.

The Pennsylvania New York Central Transportation Company, commonly known as Penn Central, was formed by the merger of two of America's largest railroads, the Pennsylvania Railroad (PRR) and the New York Central Railroad (NYC). This merger, completed in February 1968, aimed to create a more efficient and competitive rail network. However, despite the ambitious goals, the merger was plagued with operational and financial difficulties from the outset.

The Pennsylvania Railroad, founded in 1846, was once the largest railroad by traffic and revenue in the U.S. and had a significant influence on the American transportation industry. The New York Central Railroad, established in 1853, was also a major player, known for its extensive network in the northeastern and midwestern United States and its iconic "20th Century Limited" passenger train service.

Penn Central aimed to leverage the strengths of both predecessor companies, but the combined entity struggled with incompatible systems, labor issues, and significant financial challenges. By 1970, just two years after the merger, Penn Central filed for bankruptcy, marking one of the largest corporate failures in U.S. history at the time.

Despite its troubled existence, Penn Central played a crucial role in the eventual formation of Conrail (Consolidated Rail Corporation) in 1976, which took over many of Penn Central's assets and operations. Conrail was later divided and its assets acquired by Norfolk Southern and CSX Transportation in 1999.

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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