How Many Teams Are In The National Football League Old Stock Certificates Can Fetch Major League Prices

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Old Stock Certificates Can Fetch Major League Prices

Sitting at the bottom of many filing cabinets and dusty chests can be a treasure for the unsuspecting. Even though your portfolio has declined in the recent bear market, your old stock certificates may be worth more than the original shares they once represented.

Old stock certificates became very valuable. Electronic accounting has greatly reduced the issuance of stock certificates by most companies. And as investors trade their paper certificates for electronic shares, they are often destroyed by the transfer agent, reducing their numbers even further.

Old stock certificates can be works of art, often executed with colorful images, making them unusual and attractive art objects in any business or home. Like many antiques, many vintage stock certificates also tell a unique story that cannot be captured in today’s electronic stock. As such, they are sought after by hobbyists, Wall Street collectors and people looking for unique gifts.

Sports team certificates Some of the most in its range

Some of the most sought after and hard to find stock certificates on the market are professional sports team certificates. Few US professional sports teams have ever gone “public” or issued stock certificates. Most sports organizations in the United States operate as franchises with strict ownership rules.

The major professional sports leagues, including the National Basketball Association, Major League Baseball, the National Hockey League, and the National Football League, have each adopted strict rules and regulations that determine whether a team can perform publicly. Needless to say, this is a tight club and they closely guard the entrance.

The Green Bay Packers are the only publicly traded NFL team to issue stock. The Packers’ ownership group has changed the current policy, which limits public ownership. The Green Bay Packers issued shares in 1923, 1935, 1950 and 1997. There are approximately 112,000 shareholders who do not have voting rights and cannot pay for shares in cash. Basically, each of these shareholders bought a piece of historical memorabilia. Although these stocks had no intrinsic value, they became very valuable as collectibles. A 1997 issue can sell for up to $1,000 in today’s market. Old editions are very hard to find and rarely offered for sale.

Other major league sports teams that have issued stocks over the years include:

Florida Panthers (NHL): went public (NASDAQ) in 1996, then sold to private investors in 2001. (One certificate sells for about $300 – $500)

Boston Celtics (NBA): The first publicly traded (NYSE) sports franchise in 1986, it only went private in 2003. (One certificate sells for about $150-175)

Cleveland Indians (MLB): became the first Major League Baseball team to go public in 1998. They were quickly bought out and privatized in 2000. (One certificate sells for about 200-250 dollars)

Many sports-related stock certificates are also valuable

Although “fair play” sports stock certificates are rare, other issues that may attract collectors in this category include the World Wrestling Federation, Madison Square Garden, Broadway Joe’s (formerly Joe Namath’s Restaurant), and the short-lived XFL. Also, be sure to look for minor league franchises and foreign sports equity certificates. Other countries, such as Canada, have many major league sports companies.

Of course, many major league franchises are owned by large corporations, but they are just a speck on their balance sheet. Which stock certificate would you rather own, the Dodgers or Rupert Murdoch’s News Corp? So check your filing cabinets and storage units. Those old stock certificates may be worth more than you think.

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