LOT of 10 RARE RED ERIE-LACKAWANNA STOCKS! LOWEST PRICE

Pricing & History

Sold for
Start Free Trial or Sign In to see what it's worth.
Sold Date
Source eBay

THIS LISTING IS FOR A DEALER, COLLECTOR OR INVESTOR LOT OF 10 ( TEN !!) OF THESE FABULOUS STOCKS AT THE GUARANTEED LOWEST PRICE ON EBAY. THE ERIE-LACKAWANNA ROLLS AGAIN! This is a LIMITED TIME PROMOTIONAL OFFER to familiarize you with the many scripophily bargains at Collect-a-thon, home of over 10,000 different stock and bond titles (1,000 of which are available at wholesale - contact us for list!). The Erie-Lackawanna Railroad is one of the most famous railroads in America and an integral part of the history of the Northeast. This stunning art deco stock certificate is a living page of that history. Exquisitely engraved by the American Bank Note Co. (prestigious printer of U.S. Currency) using original 1940 Erie Railroad plates, the stock measures approx. 8" x 12", a perfect size for framing. It has a large, impressive vignette (steel-etched engraved illustration) showing Mercury and a female bearing a torch on either side of the company's wreathed logo, which is repeated on the corporate seal. It also features a lavishly ornate border and counters (share/serial no. displays), a bold embossed title, and the engraved embossed imprints of the First National City Bank (now CITIBANK !) and MORGAN GUARANTY TRUST, the historic financial institution founded by J.P. Morgan. This is the RARE 100 Share RED variety in near mint to mint condition. No tears, splits, stains, holes, rubber stamps or pen marks!! (may have tiny staple holes far from vignette). Issue date will be 1960-circa 1965. Serial number may vary. Extensive financial text printed on the back! Thanks for riding the rails with Collect-a-thon ! Browse our store for many more selections from our archive of over 1,000,000 collectibles, any of which may be combined to minimize shipping costs. We are presently offering an amazing collection of 25 different railroad stocks including numerous rarities for the unbeatable price of $49.95!! ATTENTION RE-SELLERS/INVESTORS !: LARGER LOTS OF THIS ITEM ARE AVAILABLE (UP TO 1000 PIECES!!!) The Erie-Lackawanna Railroad was formed by the merger of the Erie Railroad with the Delaware, Lackawanna & Western on October 17, 1960. (A minor renaming occurred in late 1963 when the hyphen was dropped.) The new railroad took after its parent Erie; the largest amount of Lackawanna influence seemed to be paint. Both of EL's parents entered the merger after a couple of years of deficit operations, and EL continued their record, except for 1965 and 1966. EL quickly consolidated its passenger services, with most trains following the ex-Lackawanna route east of Binghamton and the ex-Erie route west. Long-distance passenger trains were gradually cut back during the 1960s, and the last Hoboken-Chicago train was discontinued in 1970, leaving EL with a single daily commuter round trip between Cleveland and Youngstown and its extensive New Jersey commuter services. In 1967 the state of New Jersey began subsidizing the service and in 1970 began to acquire new cars and locomotives for the trains on the ex-Erie routes and the non-electrified Lackawanna lines (the Lackawanna electric cars would continue running until 1984). The Cleveland-Youngstown train lasted until 1977. In 1960 Chesapeake & Ohio began acquiring Baltimore & Ohio stock, and in November 1961 New York Central and Pennsylvania announced their intention to merge. In 1964 Norfolk & Western teamed up with Nickel Plate, Wabash, Pittsburgh & West Virginia, and Akron, Canton & Youngstown. Erie Lackawanna was suddenly surrounded, or thought it would be when all the mergers were approved, and asked to be included in the Norfolk & Western system. In 1965 Norfolk & Western and Chesapeake & Ohio announced their merger plan, which would include EL and several other smaller eastern railroads, to be held by a wholly owned subsidiary holding company named Dereco. The N&W-C&O merger didn't take place, but on March 1, 1968, Dereco and the Erie Lackawanna Railway were both incorporated. Dereco exchanged its ... read more

Items in the Price Guide are obtained exclusively from licensors and partners solely for our members’ research needs.

Flag item for content or copyright

If this item contains incorrect or inappropriate information please contact us here to flag it for review.

If you are the originator/copyright holder of this photo/item and would prefer it be excluded from our community, contact us here for removal.