How Do I Cash an Old Stock Certificate?
- Locate the Company. The first step is making sure the company is still in business.
- Find the CUSIP Number. The secretary of state’s office in the state of incorporation must be listed on the stock certificate.
- Contact the Transfer Agent.
- Complete the Transfer Form.
- Place an Order.
- Keep Old Certificates.
Where do you cash in stock certificates?
You can cash them in through the transfer agent of the company with which the stock is owned. Or, you can work with a broker to sell the stock. Research the value of the stock to know whether you are holding on to fortune in cash or simply a pretty, collectible piece of paper.
How do I cash out my shares?
Subtract the original purchase price of the stock from its current selling price and multiply the result by the number of shares you plan to cash out. For instance, if you bought 100 shares of stock at $30 per share and it is now selling for $40, your profit would be $10 per share times 100, or $1,000.
Can you sell shares without certificate?
Even without a physical share certificate, a stock owner is still the owner of the stock. However, the stock certificate is required if the owner decides to sell the shares. The owner must sign over the stock certificates in much the same way that they would endorse a check.
Are old stock certificates still valid?
Old stock certificates shouldn’t be simply thrown away. They can still have value if they represent an existing or merged company, or if they are valued as collectibles. If the stock has split over the years, the amount listed might not be the amount your certificate is worth.