The latest full-color issue of Scripophily arrived a couple days ago. (See my announcement about the August issue for more information on supporting the International Bond and Share Society.) As before, I ask you to join me in supporting this organization which is now almost 42 years old.
Major articles to be found in this issue are:
- Mexican Gold Bond Explosion
- The Belga Demystified
- The Thams Highway
- United We Stand, Divided We Fall (tobacco war)
- Adolph Had a Tunnel (Sutro Tunnel)
- The Santa Fe Saga, part 2
As always, there are numerous shorter articles including reviews of worldwide auctions as well as my latest article in Cox's Corner.
Perhaps the most intriguing aspect of this issue is the report of a Republic of Mexico £100 bond that Belgian dealer Mario Boone sold on eBay for a staggering $60,100! Why ANYONE would pay that amount is unknown. It is possible that the buyer and two other bidders all saw something that everyone else missed. Boone was unable to spot any significance with the autographs.
But that's not all. Archives International sold a similar bond (£250 denomination) on Dec 2. for an even more staggering $80,100!, also on eBay. What's up?
The article discusses the possibilities for such outlandish bids. The most reasonable suggestion involves the outstandingly mis-informed possibility that the buyers are somehow expecting to be able to redeem them for gold. While that is just plain silly (see my discussion of gold bond scams and hypes), it may also involve taxation through a series of convoluted twists.
Read all about it in the lastest Scripophily.