Do you remember last week I told you about the stock certificate that I found in the cigar box?
I have to admit…I was pretty excited when I found it. Imagine. $38,000 for a cigar box that I didn’t even pay a dollar for. AH…Could it be?
I talked to a few friends. No one really knew what to do with it. After some talking Hubby and I decided to talk to the lawyer who was working with the estate. We didn’t know who it was but after a couple phone calls, we figured it out.
From there the lawyer said there was no way she could help us as the name on the certificate was not the name of the person who owned the estate. She recommended that we call a person who was on the board.
We did and started getting a bit of a run around. The person was vague…said it wasn’t worth anything…Then I said that I would need proof in writing before I was satisfied.
I told the stock number, the name on the stock and that is was issued in 1926.
The man told me that there is no way that the stock is good as the company went through changes in 1953. He was sure this stock was nothing. Again, I told him that was okay…but I did feel as I had the right to see it in writing. He told me he would check.
He called back 20 minutes later and told me he didn’t have the records at his home where he was calling from and I would need to talk to him the next day when he was in the office.
It is so hard with childcare kiddos to call anywhere. Kalissa happened to stop over and I put her in charge of the kids and started making calls. I passed along the info. After a back and forth of texts and phone calls we came to this conclusion. The stock in my possesion was bought by J.H. Pieper in October of 1926. He paid $35 for it.
After some research the guy found this…..
It says the original certificate was lost or misplaced. A new copy was issued in 1953 when the company went through some restructuring.
This all means my stock is worth a sum total of nothing (well actually, two good blog posts).
It was fun and interesting. I have to say, I had already planned in my mind how I was going to spend the money. My plan was to send a roll of batting to all the charity quilters. Bummer. Looks like you aren’t going to get batting and I’m no going to get to pay down my house note. Oh well…it was fun while it lasted.