4335

Gearless Motor Corp (88459)

Currency:USD Category:Coins & Paper Money / Stock & Bond - Transportation Start Price:30.00 USD Estimated At:60.00 - 200.00 USD
Gearless Motor Corp  (88459)
SOLD
75.00USDto N*******r+ buyer's premium (18.75)
This item SOLD at 2019 Mar 10 @ 13:53UTC-7 : PDT/MST
SHIPPING & HANDLING: Shipping and Handling cannot be estimated prior to invoicing, based on the size and weight of your purchase. All shipping is subject to a minimum charge of $19.00. If additional shipping and handling costs are required, the buyer will be reinvoiced for the balance due. Items are not shipped until the invoice is completely paid. Many buyers purchase a number of lots. Every effort will be made to include all lots in a single shipping charge calculated to cover the weight and size of the package(s). NOTE: Some shipments (of unusual size, dimension, or weight) may require sp...
10 shares of Gearless Motor Corp cert. # 4231 issued to George J. Wolf signed Aug 11, 1921. Green border and seal, red car in center. Letter to Wolf from treasurer thanking him for buying stock to to let other know about company. Rare stock certificate with a great underprinted early automobile on the face of the piece. Incorp. in Delaware, but believed to operate in New York. Gearless Motors operated 1919-1922. There were several companies which attempted to market a successful steam automobile in the early 1920's. Gearless, produced as a roadster and touring car at $2,650 and $2,550 respectively, had two separate 2-cylinder double-acting slide-valve steam engines for power, and was available with either wood or wire wheels. Minimal cars, but stock sold well. In 1923, Company failed in 1923 when 4 of its officials charged with mail fraud when fraudulently selling $1,000,000 of stock. Printed: GOES 175. M.E. Cunningham Co. Pittsburgh, PA Prag collection

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State: Delaware