Bob Kerstein is a “history detective” – specifically business history, a collecting area that most people probably hadn’t thought much about until the economy tanked over the past year. Not only are we all tied (albeit unwillingly) to Wall Street and the global economy, some people collect “business paper,” or documents and ephemera relating to specific companies, government projects and other enterprises. Or maybe they just collect a brand, like Coca-Cola. Well, Kerstein – a former executive at McCaw Cellular in Seattle and now based in Washington, D.C. – is the CEO of Scripophily.com , a company that sells vintage stock certificates and bonds, each of which has a story.

First National Bank of Seattle ( Became Seafirst Bank, now Bank of America) - Territory of Washington, 1884

Kerstein became interested in antique stock and other certificates after seeing Confederate bonds at a Civil War show some years ago. He remarked on how he likes to envision Gilded Age entrepreneurs traveling the country by rail or stagecoach, hawking beautiful, ornately engraved stock certificates in order to raise funds for their corporate ventures.

“It’s almost like they went to extremes to make the documents professional looking, engraved with nice vignettes” and sometimes marked “payable in gold” to reflect the financial standing of their companies, Kerstein explained. “It gave people a false sense of security (so to speak), because they didn’t have the gold set aside; they’d only convert them to dollars.”

Wells Fargo Mining Company - Virginia District, Story County, Nevada 1879

So, who are Kerstein’s customers? “We sell to everybody,” he says: people in the financial community, of course – for themselves or for friends, colleagues and family members – but also families with a connection to a particular company. “We sold something to a family whose grandfather was a secretary of the company, Pontiac Spring and Wagon Works, and signed it, and the company became a part of General Motors. It made the first Pontiac car; the certificate was dated 1907.”

Stock certificates make excellent conversation pieces for brand-loyal adults, and there are dozens to choose from. Got a Bill Gates wannabe on your gift list? How about a rare specimen share (an unused sample certificate) of Microsoft from 1990, with the engraved signature of then-president Michael R. Hallman, for $169.95? Does Uncle Bud like his Bud? He’ll appreciate a certificate for 10,000 shares in Anheuser-Busch (dated 1980) for $99.95. Want to broaden a youth’s capitalist horizons? A specimen certificate for Reebok ($195) or Nintendo ($149.95), or a single share of Sony ($59.95), will smell like teen spirit. For the woman in your life, how about a share in House of Taylor Jewelry (Elizabeth Taylor’s company, from $79.95), Frederick’s of Hollywood (from $24.95) or Hershey (from $69.95) to go with that diamond ring, lingerie or chocolate bar you were planning to give her? Was Dad a perfect Angel this year? A certificate for shares in Harley-Davidson (from $124.95) would look great in his den or garage? Americana aficionados can find everything from Krispy Kreme, Pepsi and Lionel to Boeing, Ford and Union Pacific. And for those with a bullish sense of humor, there are even certificates for the bad boys of business: companies like AIG, Enron, WorldCom and Lehman Brothers …

A number of factors influence price of a certificate – the pictures, the signatures, the company history – but a search of the Scripophily.com Web site shows many well under $100 and ranging to the thousands. Here in the Pacific Northwest, local trainspotters will like a 1910 Seattle-Tacoma Short Line certificate ($69.95), and baseball fans are bound to covet a 1939 Seattle Rainiers certificate signed by president Emil Sick ($695). And speaking of presidents, how about a 1927 certificate for The Buckeye Steel Castings Company of Columbus, Ohio, hand signed by president Samuel Prescott Bush – George W. Bush’s great-grandfather? “When Bush became president, that thing was hot, but now we can’t give them away,” Kerstein laughs. (Actually, it’s priced at $69.95.)

For those who find an old stock certificate in their attic or among family papers, Kerstein also offers a very popular stock research service to delve into the company’s history and determine if the stock is still active.

Want to give the gift of history? Visit www.scripophily.com.

Westinghouse Air Brake Company Check signed twice by George Westinghouse (Revenue Stamps on Back) - 1872

Images courtesy of Scripophily.com