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All Forums Category: General Philatelic Discussions (Non Country Specific) Forum: Checks, Stocks, and Bonds

Norfolk Western Railroad CO

 
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Author Replies: 7 / Views: 347Next Topic  
ray.mac
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United States
1270 Posts
Posted 02/06/2025   1:28 pm  Show Profile Check ray.mac's eBay Listings Bookmark this topic Add ray.mac to your friends list Get a Link to this Message
A friend of mine brought these over, and had a bunch of these from a lot he bought. He's looking for value information-- if anyone has any idea, I'd appreciate the help. I looked on Eric Jackson's site and didn't see anything like this.



Thanks, Ray
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Bobcat126
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United States
57 Posts
Posted 02/06/2025   1:39 pm  Show Profile Bookmark this reply Add Bobcat126 to your friends list  Get a Link to this Reply
Hi ray.mac, I think these stamps?/labels are from early stock certificates. I believe they are attached usually to the left side or below the certificate. I am not sure what the value is on these labels individually or as a group but the designs are very attractive.
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postagedueguy
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United States
684 Posts
Posted 02/06/2025   1:50 pm  Show Profile Bookmark this reply Add postagedueguy to your friends list  Get a Link to this Reply
These are Norfolk & Western Railroad Company, First Mortgage Gold Bonds, paid, matured, coupons. Here's a lot
on eBay: https://www.ebay.com/itm/264678504572
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revenuecollector
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United States
6184 Posts
Posted 02/06/2025   1:52 pm  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
These are interest coupons from bonds. They would have originally been attached to the bond certificate.

Examples:







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Edited by revenuecollector - 02/06/2025 1:54 pm
SPQR
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United States
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Posted 02/06/2025   2:15 pm  Show Profile Bookmark this reply Add SPQR to your friends list  Get a Link to this Reply
As noted above, they are bond coupons. The bond holder would clip the coupon when the interest was payable and redeem the coupon for interest payment. The coupons are not valuable (maybe a few dollars). Bond collectors discourage coupon collecting because it leads dealers to cut-up bonds - see here https://www.coxrail.com/Certificate...onds/Coupons
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revenuecollector
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Posted 02/06/2025   2:41 pm  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply

Quote:
The coupons are not valuable (maybe a few dollars).


One slight caveat to this statement: There are instances where the individual bond coupons were taxed and revenue stamps affixed; they are few and far between, and would be outliers to the above.
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ray.mac
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United States
1270 Posts
Posted 02/06/2025   2:44 pm  Show Profile Check ray.mac's eBay Listings Bookmark this reply Add ray.mac to your friends list  Get a Link to this Reply
Thanks everyone (you included, Matt)...appreciate the response.
Ray
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GregAlex
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United States
1722 Posts
Posted 02/13/2025   4:05 pm  Show Profile Bookmark this reply Add GregAlex to your friends list  Get a Link to this Reply

Quote:
One slight caveat to this statement: There are instances where the individual bond coupons were taxed and revenue stamps affixed; they are few and far between, and would be outliers to the above.


Also, coupons from 19th century Treasury bonds can bring high dollars, due to the rarity of these bonds. But in general, bond coupons detached from their original bonds are not widely collected and don't usually sell for much.
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Edited by GregAlex - 02/13/2025 8:16 pm
  Replies: 7 / Views: 347Next Topic  
All Forums Category: General Philatelic Discussions (Non Country Specific) Forum: Checks, Stocks, and Bonds
 
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