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Perpetual Self Winding Watch Corporation Stock Certificate (1) [127357]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:40.00 USD Estimated At:80.00 - 100.00 USD
Perpetual Self Winding Watch Corporation Stock Certificate (1)  [127357]
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Perpetual Self Winding Watch Corporation stock certificate, No. 252, 100 shares issued to Louis Berger in 1937. The certificate, signed by the Vice-President and Assistant Secretary, and transferred in 1964, is in good condition with some pencil writing across the top and slightly dogeared corners. Known as Frey automatic, made by Frey & Co., the watches were manufactured exclusively for the Perpetual Self Winding Watch Corporation, NY, incorporated in Delaware. Inside the watches is an automatic pendulum movement, patented in the US in 1932. It has been estimated only about 1,000 were made. They were the precursor to the Rolex rotor watches, patented a year later.

Date: 1937
Country (if not USA):
State: Delaware
City:
Provenance: Ken Prag Collection