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Location: Jacksonville, Florida
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Item: 116147423077
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Item must be returned within:30 Days
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Old Stock Yard Collectible Stock and Bond Certificates Studebaker-Packard Corporation Studebaker-Worthington, Inc. Collection of 5 original stock certificates Attractive certificates with beautiful vignettes More information about Studebaker:Studebaker Corporation, or simply Studebaker, was a United States wagon and automobile manufacturer based in South Bend, Indiana. Founded in 1852 and incorporated in 1868 under the name of the Studebaker Brothers Manufacturing Company, the company was originally a producer of wagons for farmers, miners, and the military.Studebaker entered the automotive business in 1902 with electric vehicles and in 1904 with gasoline vehicles, all sold under the name “Studebaker Automobile Company”. Until 1911, its automotive division operated in partnership with the E-M-F Company and the Garford Company of Elyria, Ohio. The first gasoline cars to be fully manufactured by Studebaker were marketed in August 1912. Over the next 50 years, the company established an enviable reputation for quality and reliability. The South Bend plant ceased production on December 20, 1963, and the last Studebaker car rolled off the Hamilton, Ontario, Canada, plant on March 16, 1966. Ballooning labor costs (the company had never had an official United Auto Workers (UAW) strike and Studebaker workers and retirees were among the highest paid in the industry), quality control issues, and the new-car sales war between Ford and General Motors in the early 1950s wreaked havoc on Studebaker’s balance sheet. Professional financial managers stressed short-term earnings rather than long-term vision. There was enough momentum to keep going for another ten years, but stiff competition and price-cutting by the Big Three doomed the enterprise. From 1950, Studebaker declined rapidly and, by 1954, was losing money. It negotiated a strategic takeover by Packard, a smaller but less financially troubled car manufacturer. However, the cash position was worse than it had led Packard to believe and, by 1956, the company (renamed Studebaker-Packard Corporation and under the guidance of CEO James J. Nance) was nearly bankrupt, though it continued to make and market both Studebaker and Packard cars until 1958. The “Packard” element was retained until 1962, when the name reverted to “Studebaker Corporation”.After 1966, Studebaker and its diversified units were acquired by Wagner Electric in 1967. Subsequently, Studebaker was then merged with the Worthington Corporation to form Studebaker-Worthington. The Studebaker name disappeared from the American business scene in 1979, when McGraw-Edison acquired Studebaker-Worthington. McGraw-Edison was itself purchased in 1985 by Cooper Industries, which sold off its auto-parts divisions to Federal-Mogul some years later. As detailed above, some vehicles were assembled from left-over parts and identified as Studebakers by the purchasers of the Avanti brand and surplus material from Studebaker at South Bend. -Wikipedia Old Stock Yard Policies and FAQs Please visit my eBay store – any combined certificate purchased ship free with auction items!Shipping and Handling Charges: $3.99 for one certificate to the U.S. $14.99 for one certificate to the rest of the world Additional, combined certificate purchases ship for free! Shipping Method and Timing: Certificates are carefully packaged in rigid envelopes to protect them during shipment. Items are sent via U.S.P.S. – usually first class, but occasionally priority or parcel post. Most items will be mailed within 48 hours of payment. Payment Method: In accordance with eBay policy, my listings are setup to accept Paypal payments. Sellers are allowed to accept other forms of payment only if the buyer requests another payment method – so if you prefer to pay using a method other than Paypal, please let me know. Return Policy: Items can be returned for any reason within 15 days of purchase. A full refund will be issued upon receipt of the return if the item is the same condition it was in upon delivery. FAQs: Are you your certificates authentic or copies? Everything I sell is original and authentic. I do not sell copies or reproductions. Is the certificate pictured the exact one I will receive? Usually, yes. Occasionally, I do list certificates of the same type without rescanning. In this case, the certificate you receive will be virtually identical (same color, size, vignette, etc.) to the one pictured. Again, if you ever receive anything from me you are not 100% pleased with, you can return it for a full refund. What is the best way to store, protect, and display my certificate collection? The best thing, by far, that I have come across for storing certificates are profolios and sleeves made by Itoya. You can purchase them in my eBay store. I have several sizes available. Do the certificates you sell have financial value? No, these certificates are sold as collectibles only; although they are authentic, they no longer hold financial value.
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