New York Central Railroad original stock gold mortgage bond certificate

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New York Central Railroad original stock gold mortgage bond certificate:
$6.95

New York Central Railroad Company issued and cancelled $10,000 gold mortgage bond certificate issued in February 1932. This is an authentic certificate, not a copy or reproduction. The certificate has a beautiful engraved lithographic vignette of an old steam locomotive with a harbor scene, a bridge and factories in the background. The bond is unusual in that it is payable in the Gold Coin of the United States upon maturity in 1998. The Troy and Greenbush Railroad was chartered in 1845 and opened later that year, connecting Troy south to East Albany on the east side of the Hudson River. The Hudson River Railroad was chartered May 12, 1846, to extend this line south to New York City; the full line opened October 3, 1851. Prior to completion, on June 1, the Hudson River leased the Troy and Greenbush. Cornelius Vanderbilt obtained control of the Hudson River Railroad in 1864, soon after he bought the parallel New York and Harlem Railroad, and merged the line into the New York Central Railroad. The certificate is in EXCELLENT condition for its age and has the normal punch cancellation/staple holes and slight creases from mailing. The certificate shown is a scan of one of 20 certificates I am offering. The certificate you receive will be the same except for the owners name and exact date of issuance or transfer and the bond serial number will be different. Nice looking certificate and is a great conversation piece of a famous company. Certificate would make a fine addition to your collection or a great gift. Stock certificate collecting is becoming increasingly popular due to the historical significance of many of the companies and their increasing rarity. With the advent of electronic trading the issuance of stock certificates has decreased markedly and accordingly should improve the value of these certificates over time. Please review my response record and offer with confidence.