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Find out whether an old railroad bond from 1938 still has any value is a strong question to answer. The short answer is that it will require a themselves to do some homework or spend money on a search service.
Getting Started With Your Inspect
The first step would be to contact your broker to see whether they can grasp more information about the company that issued the bond. Survive in mind that brokers typically have access to tools that myriad of us do not, including Standard & Poor’s corporation records, and similar types of resources.
At the even so time, consider doing an online search of your own. Try search machines such as Google. Was the company taken over? Did it go bankrupt? If you’re lucky, the search resolve provide the new company’s name, address and contact information.
Beyond that, your close by library and/or the state in which the corporation operated may yield additional gen. Try contacting the Department of Commerce or the corporation commission in the state that is slanted on the bond. If nothing else, these organizations should be able to germane you in the right direction.
Use a Stock Search/Collectibles Service
If all else abandons, there are services out there such as Arizona-based Stock Search Worldwide that charge between $40 and $85 for access to their corporate databases, and/or to enter upon new research about a company on your behalf.
Also keep in intellect that the bond may be a collectible and have value even if it can’t be redeemed. To that end, check out Scripophily.com to see whether the care has some collectible value. You might be surprised!
With all of this in chew out vacillating, remember that spending money involves risk because you may view that your bond is worth little more than the scrap it’s printed on.
(Take a look at Old Stock Certificates: Lost Treasure or Wallpaper?)