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American Express Co. Stock Certificate (Butterfield, Fargo, Holland Signatures) [134075]

Currency:USD Category:Collectibles / Autographs Start Price:500.00 USD Estimated At:1,000.00 - 2,000.00 USD
American Express Co. Stock Certificate (Butterfield, Fargo, Holland Signatures)  [134075]
SOLD
500.00USDto b*******e+ buyer's premium (110.00)
This item SOLD at 2021 May 13 @ 11:47UTC-7 : PDT/MST
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No. 1750, issued to Charles Tallman of Syracuse on March 3rd, 1865. Signed by John Butterfield as vice president, William Fargo as secretary, and Alex Holland as treasurer. Not cancelled. Not endorsed on the reverse. Black border and print, Safety & Dispatch vignette featuring ships, wagon, eagle, and train. Printed by JH Duyckinck, NY. Capital Stock 6,000 Shares, March 19th, 1863, stamped over in blue "Authorised Capital 10,000 Shares Feby 11th, 1865." Folds, toning, a few tape repairs. 8.5 x 12" Near the end of the Civil War, American Express increased capital to 10,000 shares on Feb. 11, 1865. New certificates were made, but they were not ready in time for the official distribution, such that a few certificates were issued in late February and March with a rubber stamp placed over the “old” 6,000 share certificates showing the new Capital stock amount and the date. Interestingly, Butterfield, in poor health, signed several (or all) of the early rubber stamped varieties as Vice President until the new printed issue was available in April and Wells, Fargo and Holland could continue to sign them. Also of interest to collectors is that some of the 6,000 Capital Share certificates that were sold or transferred at a later date were also stamped with the rubber stamp overprint, but it was done after the issue of the new 10,000 share Capital Stock issuance. This must be so because the certificate serial numbers continue in sequence. (Type 5c)

Date: 1865
Country (if not USA):
State: New York
City: New York
Provenance: Ken Prag Collection