Vintage 1960s Studebaker-Packard Stock Certificate 💚 Teal, Rename Overprint For Sale

Size: 12\" x 8\"

A teal-bordered certificate for ONE HUNDRED shares of COMMON STOCK, PAR VALUE $1 PER SHARE, of STUDEBAKER-PACKARD CORPORATION, INCORPORATED UNDER THE LAWS OF THE STATE OF MICHIGAN, transferable in New York or Chicago - and across it, in red, THE NAME OF THIS CORPORATION HAS BEEN CHANGED TO STUDEBAKER CORPORATION. The engraved vignette shows a seated classical figure holding a piston amid gears and machinery, a mechanic and a draftsman, with an S·P monogram on the plinth. Facsimile officers\' signatures and seal, and the printer, SECURITY-COLUMBIAN BANKNOTE COMPANY, under the seal. The back carries the preferred-stock statement citing articles filed May 2, 1960, and the assignment form.

These were issued and went through registrars and transfer agents, so each one may carry its own endorsements, stamps, cancellation punches or filing holes - dates and names vary across the stack, and yours won\'t be the one photographed.

Studebaker began in South Bend, Indiana in 1852 building wagons and carriages, incorporated in 1868 as the Studebaker Brothers Manufacturing Company, and moved into automobiles with electric cars in 1902 and gasoline cars in 1904. In 1954 Detroit\'s Packard Motor Car Company bought the Studebaker Corporation, Packard\'s James J. Nance took charge, and the combined firm was Studebaker-Packard - a Michigan corporation, as printed here. The Packard nameplate ended on July 25, 1958, and in the spring of 1962 the company took back the plain Studebaker Corporation name, which is what the red overprint announces. South Bend closed in 1963; the Hamilton, Ontario plant built Studebakers until 1966. The company later merged into Studebaker-Worthington, bought by McGraw-Edison in 1979.

Security-Columbian Banknote Company came out of the joining of the Security and Columbian bank note companies and was one of American Bank Note\'s main rivals in engraved stocks and bonds.