-40%
Bear Stearns issued stock certificate
$ 2.63
- Description
- Size Guide
Description
Old Stock Yard Collectible Stock and Bond CertificatesStock issued to Bear Stearns
Original stock certificate
Stock issued by Studebaker-Packard
Now part of JP Morgan Chase Bank
The Bear Stearns Companies, Inc. was a New York-based global investment bank, securities trading and brokerage firm that failed in 2008 as part of the global financial crisis and recession, and was subsequently sold to JPMorgan Chase. The company's main business areas before its failure were capital markets, investment banking, wealth management, and global clearing services, and it was heavily involved in the subprime mortgage crisis.
In the years leading up to the failure, Bear Stearns was heavily involved in securitization and issued large amounts of asset-backed securities which were, in the case of mortgages, pioneered by Lewis Ranieri, "the father of mortgage securities". As investor losses mounted in those markets in 2006 and 2007, the company actually increased its exposure, especially to the mortgage-backed assets that were central to the subprime mortgage crisis. In March 2008, the Federal Reserve Bank of New York provided an emergency loan to try to avert a sudden collapse of the company. The company could not be saved, however, and was sold to JPMorgan Chase for per share, a price far below its pre-crisis 52-week high of 3.20 per share, but not as low as the per share originally agreed upon by Bear Stearns and JPMorgan Chase.
The collapse of the company was a prelude to the risk management meltdown of the investment banking industry in the United States and elsewhere that culminated in September 2008, and the subsequent global financial crisis of 2008–2009. In January 2010, JPMorgan ceased using the Bear Stearns name. (Wikipedia)
Old Stock Yard Policies and FAQs
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Shipping and Handling Charges:
.99 for one certificate to the U.S.
.99 for one certificate to the rest of the world
Additional, combined certificate purchases
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Shipping Method and Timing:
Certificates are carefully packaged in poly bags and rigid envelopes to protect them during shipment. Items are sent via U.S.P.S. – usually first class, but occasionally priority or parcel post. Most items will be mailed within 48 hours of payment.
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Return Policy:
Items can be returned for any reason within 15 days of purchase. A full refund will be issued upon receipt of the return if the item is the same condition it was in upon delivery.
FAQs:
Are you your certificates authentic or copies?
Everything
I sell is original and authentic. I do not sell copies or reproductions.
Is the certificate pictured the exact one I will receive?
Usually, yes. Occasionally, I do list certificates of the same type without rescanning. In this case, the certificate you receive will be virtually identical (same color, size, vignette, etc.) to the one pictured. Again, if you ever receive anything from me you are not 100% pleased with, you can return it for a full refund.
What is the best way to store, protect, and display my certificate collection?
The best thing, by far, that I have come across for storing certificates are
profolios and sleeves made by Itoya
. You can purchase them in my eBay store. I have several sizes available.
Do the certificates you sell have financial value?
No, these certificates are sold as collectibles only; although they are authentic, they no longer hold financial value.