March 22, 2016

HWPH Auctions 41 and 42

The next HWPH (Historisches Wertpapierhaus AG) auctions are scheduled for Saturday, April 16 and Monday, April 18 in Würzburg, Germany. True to custom, every lot in HWPH's catalogs is fully illustrated in color. In addition to catalogs 41 and 42, there is a special 66-page catalog dedicated to showing and discussing 50 highlight items in great detail.

This time, Herr Matthias Schmitt is offering over 2,000 stock and bond lots plus a few lots of miscellaneous paper collectibles. Like most European sales, auctions 41 and 42 offer items from most countries in the world.

There are 87 lots from North American railroads plus a couple more from coal companies. In general, most of the items from North America are not commonly offered for sale and there are two I have never encountered before. (Obviously, the majority of the auction includes other specialties; as long-time readers understand, my focus is limited to railroads and coal companies.) Items that I find particularly worthy of attention include:

Lot 34, a 1915 stock certificate from the Arkansas Midland Rail Road Company. Rarely offered for sale.

Lot 44, a 1877 $1000 bond from the Florida Central Railroad Company.

Lot 63. 1880 stock certificate from the Chicago Burlington & Quincy Railroad Company, boldly issued to William Henry Vanderbilt and signed by him on the back.

Lot 65, 1880 $1000 bond from The Fernandina & Jacksonville Railroad Company, signed by Edward H. Harriman on the back as trustee.

Lot 1264, a proof of a 1910 $100 bond from the Akron Canton & Youngstown Railway Company. This is a new item to me.

Lot 1310, a rarely-encountered 1909 stock certificate from the Central California Traction Company. This is one of only three known to me.)

Lot 1316, a curiously scarce 1873 $500 bond from the Chicago Danville & Vincennes Railroad Company.

Lot 1326, a very attractive, 1864 stock certificate from the Clarksburg Coal & Iron Company of Harrison County, Virginia. (Now West Virginia.) Not only was this certificate issued during the Civil War, but it is one I have never encountered before.

Lot 1402, an 1854 $1000 bond from the Logansport & Northern Indiana Rail Road Company. To my knowledge, the last example sold in the U.S. was fifteen years ago.

Lot 1411, an 1853 $1000 bond from the Maysville & Lexington Rail Road Company. Similar to lot 1402, none of these have sold in the U.S. (at least not publicly) since 2002.

Lot 1524 is an 1886 bond from the New Jersey Junction Railroad Company signed on the back by J.P. Morgan. These bonds are seen a few times per year and, consequently, have become rather affordable. I can't say how long that trend will last, but the start price on this example is only 250 €. (These normally sell for $250 to $750 on eBay US; still, two sales took place on eBay for $1,200 in June, 2014 and $1,300 in Jan., 2014. Just sayin.'!)

Please go to the HWPH website to see large images of all lots. (Hint: use the online version of the catalog and right-click on any image. Save to your hard drive to see even larger views of certificates.) I want to give my special, heartfelt appreciation to HWPH for being among very few auction companies to realize it can offer large images of auction lots just as easily as tiny thumbnails. If you want to receive copies of the physical catalogs (and I recommend you do!), please contact HWPH by email as soon as possible. Remember, the auction will take place April 16 and 18.

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