1873 Chicago Saginaw & Canada RR Bond Certificate. Beautiful scripophily bond from Michigan logging railroad with vignette of workers riding logs in river. The Chicago Saginaw & Canada Railroad was a short-line Michigan lumber road that operated for a decade in the late 19th century, then fell on hard times. The company was placed first into receivership, then bankruptcy. This bond was the principle railroad gold bond used in the recent infamous Gold Bond Scam. This scam was based on the fraudulant statement that the uncancelled bonds of old, bankrupt 19th century railroad companies were very valuable and could be redeemed for gold including the accrued interest on the bond. These bonds were sold for $40,000 and more to unsophisticated speculators. Unfortunatley, the Chicago Saginaw & Canada RR filed for bankruptcy in the ninteenth century, and their bonds have value only as a very beautiful collectible. EF condition.

Purchasing Notes: Payment by check or PayPal. You can opt out of insurance, which I generally recommend. Ruby Lane strongly encourages insurance. However, this may not make sense on scripophily shipments (which are not exactly breakable). My experience in mailing thousands of packages is that less than one out of 500 packages does not arrive in good condition. Still, Insurance is recommended on orders over $100. On multiple certificate orders Ruby Lane does not compute the insurance charge correctly. I will correct overpayments, but it is best to get accurate order amount before paying. Do not hesitate to email me if you have any questions.