Stock certificates are physical proof of share ownership, but are rarely used today due to electronic transactions. To sell them, determine their value and deposit them into an account, or sell them as collectibles through appraisal websites or collector-specific websites.
People interested in selling stock certificates hope to make a profit on their value, either as proof of ownership of shares that still have value or as collector’s items. These certificates are rarely used today because most actions are done electronically. The best method of selling stock certificates is to first determine the value of the stock, if you have any, and then deposit it into an account. Those looking to sell certificates as collectibles should visit websites that list their value to collectors.
Stock certificates were once issued to shareholders as physical proof of share ownership. People received paper certificates that listed the name of the share, the number of shares issued, and the name of the shareholder. Those certificates fell out of favor in the modern computer age, as most transactions were executed electronically. Still, anyone with old certificates should know the proper way to sell stock certificates to get value from these pieces of paper.
To begin the process of selling stock certificates, holders must first determine their value. If the shares belong to a company that is still actively traded on the stock market, the person who owns the certificate can simply check the current price. Unfortunately, the certificate likely belongs to a company that no longer exists in the same way that it did when it issued the stock. In such cases, more work is required from the person who owns the stock.
The best way to determine the value of the stock, if you have any, is to locate the identification number on the certificate. That number can be tracked over time to represent any mergers or purchases, as well as whether the stock has split since the certificate was issued. Once the value of the certificates is reached, the individual can sell them by cashing out their trading account. If you don’t have an account, you can sell stock certificates by opening an account just for that purpose.
Some stock certificates are valuable to collectors because they can be hard to find or because they can be particularly old. People interested in selling stock certificates to collectors should consult a website that offers current appraisals of the market value of the certificates. Once they understand the value of the certificates, they can sell them to collectors through dedicated collector-specific websites or by selling them on general auction websites.
Smart Asset.
Protect your devices with Threat Protection by NordVPN
