This bond was supposedly backed by gold, but it was one of the many bonds never repaid by the Russian Government.
Washington, DC (PRWEB) March 10, 2014
Scripophily.com®, the Internet’s largest buyer and seller of collectible stock and bond certificates, is offering original Russian Bonds issued from 1822 to 1916. These bonds were issued by the Russian government or by Russian Companies that were guaranteed by the government. Unfortunately, most of these bonds never paid their investors as promised and/or were repudiated.
Most of these bonds were issued prior to the Bolshevik Revolution by the Imperial Government of Russia. Due to the huge losses caused by WWI, government corruption and the overthrow of Czar Nicholas II and fall of the Romanov dynasty on March 2, 1917, most of these bonds were never fully honored by the new government.
International Committees were formed over the years for the Protection of Russian Bondholders, but most of these efforts were thwarted by the Kremlin, especially after WWII. Although many Russian bonds have no redeemable value, they are very collectible as a piece of financial history in the hobby of Scripophily.
Scripophily (scrip-ah-fil-ly) is the name of the hobby of collecting old stock and bond certificates. Certificate values range from a few dollars to more than $500,000 for the most unique and rare items. Tens of thousands of Scripophily buyers worldwide include casual collectors, corporate archives, business executives, museums and serious collectors.
Stock and bond certificates are collected because of their historical significance, beauty and artwork, autographs, notoriety, as well as many other factors. The supply of new certificates reaching the collector market has been substantially reduced due to changes in state laws and stock exchanges rules. Many companies are no longer required to issue physical stock and bond certificates, a process called “dematerialization”.
Scripophily.com / Old Company Research Service is the successor company to all material published by the Marvyn Scudders Manuals, the Robert D. Fisher Manuals, R.M. Smythe old stock research service and the Herzog & Co., Inc. obsolete research services, which have been performed continuously since 1880.
Scripophily.com is the world's leading provider of authentic stock certificates, autographs, Liberty Bonds, and old company stock research services. In addition to the potential redeemable value sought by investors, Scripophily.com offers insight into the secondary historical finance market by assessing any possible collectible value.
Scripophily.com has items on display in the Museum of American Finance in New York, an affiliate of the Smithsonian Institution. Scripophily.com has been featured on CNBC, Today Show, Inside Edition, Associated Press, USA Today, Baltimore Sun, Washington Post and in many other media publications. Our online store has over 17,500 selections including categories such as Frauds, Scandals, Bankruptcies, Dot Coms, as well as the traditional American industries.
Scripophily.com and OldCompany.com was founded by Bob Kerstein, a Certified Public Accountant who has more than 37 years of senior management experience in the cellular, cable TV, satellite communications, internet, professional sports and entertainment industries. Bob is a member of the American Institute of Certified Public Accountants, Chartered Global Management Accountants, California Society of Certified Public Accountants, and the Virginia Society of Certified Public Accountants.
Bob is also the President of the Professional Scripophily Traders Association (PSTA).
For more information on Scripophily.com®, visit http://www.scripophily.com/, http://www.oldcompany.com, SavingsBonds.pro and http://www.bob.com or call 1-703-787-3552 .
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