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Error Stock Certificate

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Author Previous TopicReplies: 3 / Views: 3,148Next Topic  
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GregAlex's Avatar
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 Posted 11/21/2020  7:20 pm Show Profile   Bookmark this topic Add GregAlex to your friends list Get a Link to this Message Number of Subscribers
Here's a fairly common stock certificate for Long Island Lighting, with a nice vignette. What's unusual about it is that issuing information (name, shares, issue date) were mistakenly printed upside down. This was done either by the electric company or, more likely, by a brokerage. It looks like they caught it right away and voided the certificate; kind of surprising that it wasn't just shredded.

As errors go, this is nothing spectacular. If it were on national currency this would be on par with a signature mistake at the issuing bank. But it occurred to me that in 30+ years of collecting I can't recall seeing any other errors on a stock or bond. You would think American Bank Note would have had a few printing glitches that escaped amongst the millions it printed over the decades. Now that my curiosity is piqued I'm going to start sniffing around.

Error-Stock-Certificate

Error-Stock-Certificate

Error-Stock-Certificate
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jbuck's Avatar
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187507 Posts
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GregAlex's Avatar
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 Posted 06/23/2023  01:47 am  Show Profile   Bookmark this reply Add GregAlex to your friends list Get a Link to this Reply
Surprisingly enough, I have since found two more errors. Well, they might be considered spoilage (printer's waste) but since they made it into the collector market we're going to call them errors.

The first is a serial numbering error. Apparently the printer had a hard time with the numbering machine because I've seen another stock just like this with the serial in another improper area.

Error-Stock-Certificate

Error-Stock-Certificate

The next is a genuine intaglio printing error, the first I've ever seen on a stock. Somehow red ink got smeared on a plate and was wiped into the text and yellow frame. Evidently someone got careless -- but they did catch the mistake. The stock came with a note saying it was left in place to maintain the numbering sequence. Which makes no sense, since these specimens weren't numbered.

Error-Stock-Certificate

Error-Stock-Certificate

Error-Stock-Certificate

Error-Stock-Certificate
Edited by GregAlex
06/23/2023 01:50 am
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