Million Dollar Stocks And Bonds -- Literally!

Very nice!

Here's a very similar specimen bond that sold this week on ebay for a bit more than I was willing to pay. Bet there's another interesting story behind it. https://www.ebay.com/itm/DE-Levin-T...047675.l2557

Very nice items Greg!

Another big bond arrived in my mailbox last week. This is similar to one I posted earlier -- and quite possibly unique. It's actually a specimen bond, but since only a single issued example exists (if it still does), this will have to do. The bond represents a $7.8 million loan that the New York Dormitory Authority got from the U.S. Housing & Home Finance Administration in 1959 -- hence only one bondholder. The funds were used to build housing at numerous teaching colleges across the state.

I added another stock certificate to the Million Dollar Collection this week. This represents 173,290 shares of Standard Motor Products (SMP is still around). The share price was around $12.50 when this was issued on Sept. 27, 1991, making this certificate worth around $2.16 million. It was sold eight months later for a loss of about $85,000.

Nice example!

These stocks and bonds just don't show up often, but sometimes you get lucky. I spotted this bond on ebay for $5. The seller apparently never noticed the denomination: $1.15 million.