Illinois Railroad Appraisal

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Framed Chicago and Alton Railroad Company Stock Certificate

This item is a historical stock certificate issued by the Chicago and Alton Railroad Company, presented in a formal custom mounting. The certificate itself features classic financial printing of the late 19th or early 20th century, characterized by a prominent green intaglio-printed border with ornate scrollwork and geometric patterns. At the top center, a detailed vignette depicts an early steam locomotive pulling a passenger train, symbolizing the industry. The document is printed on heavy bond paper and includes various fields for the number of shares (indicated as 100 in the corners), date of issue, and official signatures. A noticeable feature is the series of cancellation punch holes and a red or green diagonal overstamp, indicating the certificate has been retired or voided. The document is double-matted, with a dark inner mat and an off-white outer mat, housed within a metallic-finish wooden frame. Below the certificate, a small informational plaque or printed block provides historical context regarding the railroad company. The condition appear fair to good; the paper shows expected age-related yellowing or foxing, and there is a red inventory sticker partially adhered to the bottom left of the glass. The presence of the cancellation holes suggests it is a piece of scripophily (the study and collection of stock and bond certificates) rather than a live security. The Chicago and Alton Railroad was a significant Midwestern line, making this a relevant piece of American industrial and financial history.

Estimated Value

$125 - $200

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