Redeeming Stock Certificates

Most shares of stock are held in electronic form these days but there are still quite a few paper stock certificates around. To sell stock certificates start by identifying the transfer agent for the company you own stock in which you should be able to find on the companys website. How to cash in stock certificates by steven melendez reviewed by ashley donohoe mba updated february 19 2019 companies have mostly stopped issuing stock certificates which represent that someone owns an interest in a companys stock but there are still older ones lying around.

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For this reason there were only three companies in the united states that were authorized to print the stock certificates of publicly held companies.

Redeeming stock certificates. Many people have stock certificates that they want to redeem particularly in todays spiraling economy. Then contact the agent and inform them that you want to transfer your stock certificates to direct registration. Discovering some old stock certificates in your familys financial papers or inheriting stock certificates can be exciting because there is always the possibility that the stocks are valuable. The redemption of stock certificates is a process that is built around selling shares and receiving cash for the transaction rather than having the payment credited to your brokerage account and using the proceeds for the purchase of other stocks.

Stock certificates are registered with the transfer agent that handles securities transactions for the company that issued the stock. You found some old stock or bond certificates in the attic of a deceased relative. Named in the will and let them keep it or redeem it. After a death in the family ownership of the shares must be transferred to a beneficiary before they can be cashed in.

At one time the process for printing a stock certificate was as guarded and secretive as printing currency is today because in a sense it was a currency in and of itself. However before you can redeem the old stock certificates you must determine whether the stocks have any monetary value. Wait about 10 days for the agent to complete your request. You may need to liquidate stock to pay expenses or to ensure proper division of.

How to redeem stocks for deceased owners. Many inherit certificates of stock from estates and tend to believe that the company that issued the original stock certificate should be responsible for redeeming it but this is simply not the case. In the past investors received physical certificates referred to as in bearer form when they bought stockthe problem of old. Happening upon old stock certificates is actually pretty common.

Heres how to find out if they are worth anything and what to do with them if they are.