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Stock Certificates

Stock certificates are more than just a peice of paper that proves ownership.  They are snapshots of history and attractive works of art.  The sad news:  In order to save costs, there is an industry-wide effort to register ownership electronically rather than issue paper stock certificates (see insert).

Collectible Value

Between this elimination effort and normal corporate actions like mergers, stock certificates are becoming more rare increasing their collectible value.  For example, a Pixar certificate with Steve Jobs printed signature sells for more than $500 on scripophily.com.

Only At GiveAshare

Stock brokers stopped providing stock certificates years ago.  Now, GiveAshare is the only place to get easily get authentic stock certificates and for the companies that only register ownership electronically, we have attractive replicas.  So, get a real stock certificate while you still can because the days are numbered. 

 

Latest Certificates To Bite the Dust

  • GONE
    BUT
    You can still buy MANU stock

    Manchester United


    Manu decided to go paperless in November 2021
  • GONE

    Tiffany


    Acquired by LVMH in January 2021
    Buy LVMH.
  • GONE

    Dunkin Brnads


    Acquired by Inspire Brands December 2020
  • GONE

    Craft Brew


    Bought by Anheuser-Busch September 2020
  • GONE

    WebMD


    Taken private September 2017
  • GONE
    BUT
    You can still buy Under Armour stock

    Under Armour


    Went paperless February 2017.
  • GONE
    BUT
    You can still buy GE stock

    General Electric


    Went paperless November 2016.
  • GONE

    DreamWorks Animation


    Comcast bought DreamWorks August 2016.
  • GONE

    Petsmart


    Went private in 2015
  • GONE

    Orbital Sciences


    Merged with ATK in March 2015.
  • GONE BUT
    You can still buy Google stock

    Google


    Eliminated paper stock certificates in May, 2014. Buy a share of Google/Alphabet stock and get true ownership and a replica certificate to show off.
  • GONE!

    1-800-Flowers


    Eliminated paper stock certificates on in March, 2014.
  • GONE BUT
    You can still buy Disney stock

    Disney


    Disney stopped issuing negotiable paper stock certificates on October 2013. Now stock is registered electronically and you get a personalized display cert.
  • GONE!

    Dell


    Michael Dell took it private in November 2013.
  • GONE BUT
    You can still buy Gamestop stock...

    GameStop


    Eliminated paper stock certificates on in August 2013.
  • GONE BUT
    You can still buy Bank of America stock...

    Bank of America


    Eliminated paper stock certificates in August 2013.
  • GONE BUT
    You can still buy SeaWorld stock...

    SeaWorld


    Issued about 10 certs after their IPO then went electronic. Go figure?
  • GONE!

    Steinway


    Classic company being taken private.
  • GONE BUT
    You can still buy Facebook stock

    Facebook


    Decision at time of IPO (May 2012) to not issue paper certificates.
  • GONE!

    Human Genome Sciences


    Acquired by Glaxo in 2012.
  • GONE BUT
    You can still buy Microsoft stock...

    Microsoft Inc.


    stopped issuing paper certificates in April 2012
  • GONE BUT
    You can still buy Playboy collectible stock...

    Playboy Enterprises


    Hefner took the company private in March 2011.
  • GONE!

    General Motor New


    This new issue is 100% electronic registration so no paper certificates.
  • GONE!

    Motorola Inc.


    Split into two companies that do not issue paper as of January 2011.
  • GONE BUT
    You can still buy Apple stock...

    Apple Inc.


    Apple stopped paper stock certificates in November 2010. Congratulations to all our past customers who got one a real one.
  • GONE!

    Burger King


    Went private in 2010.
  • GONE!

    Palm Inc.


    Merged with HP in July 2010.
  • GONE!
    World Poker Tour
    Asset sale to British on-line gaming giant PartyGaming in November 2009
  • GONE!

    Marvel


    Merged with Disney December 2009.
  • GONE!

    Wyeth


    Merged with Pfizer October 2009
  • GONE!

    General Motors


    Bankrupt - no longer public. Buy an authentic GM collectible.
  • GONE!

    Visa Intl Inc.


    Entirely electronic as of August 2009
  • GONE!

    Wm Wrigley Company


    Acquired by Mars Inc. a private company.
  • GONE!

    Merrill Lynch


    Acquired by Bank of America in 2008.
  • GONE!

    Anheuser-Busch


    Acquired by InBev of Belgium in 2008. Buy Anheuser-Busch/InBev stock.
  • GONE!

    ImClone Systems


    Acquired by Eli Lilly in 2008.
  • GONE!

    PIXAR Animation


    Acquired by Disney in 2007. There was a huge rush to get their certificates.
  • GONE BUT
    You can still buy Intel stock

    Intel


    One of the first to go all electronic

 

 

 

The Elimination of Paper Stock Certificates - Chronology

 

Like everything else in this world, stock ownership is going digital! The securities industry calls it "dematerialization" - we call it sad.

A growing list of companies like Disney and Apple have already stopped issuing paper. and some transfer agents and all brokers now charge disincentive fees.

The industry-wide effort to eliminate physical stock certificates started over 30 years ago but momentum is building:

  • 2021 - Industry working group to make the final push toward dematerialization
  • 2020 - DTC white paper calls for elimination for all stocks certificates within a couple of years after Covid stresses the system.  Industry-wide work group established to make it happen.
  • 2018-19 - The pace of companies eliminating paper certificates quickens.
  • 2015 - Computershare, the largest transfer agent in the U.S., announces it will charge a $25 disincentive fee to issue paper stock certificates.
  • 2014 - DTCC Proposes Elimination of All Paper Stock Certificates
  • 2009-12 - The Depository Trust Company (DTC) starts charging stock brokers a $500 fee to issue stock certificates to customers.  Brokers pass on the $500  fee to customers.
  • 2008 - 1/1/2008 was the target date established for all companies on the NASDAQ and NYSE to be set up on the DRS.  Although the target gets moved out, most companies comply.
  • 2007 - As of 1/1/2007, any new issue on NASDAQ or NYSE had to be eligible for electronic registration on the Direct Registration System (DRS).
  • 1970's - Brokerage firms took the first step to streamline paperwork by establishing a central depository, the Depository Trust Company (DTC) where all stock certificates could be maintained.
  • 2006 - Delaware, the state where many companies are incorporated, changed it's state law removing the requirement for physical stock certificates. This got the ball rolling.
  • 1960's - Financial district messengers carried satchels of stock certificates from one broker to another. During peak periods, the stock market would be closed one day a week to allow brokerage firms to catch up on paperwork.

 

 

 

Cool CNBC story about Facebook and other valuable stock certificates