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 fraudulent 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. Unfortunately, the Chicago Saginaw & Canada RR filed for bankruptcy in the 19th century, and their bonds have value only as a very beautiful collectible. EF condition.

Purchasing Notes: Payment by check or PayPal. Insurance is bundled with shipping. I use a third party shipping insurer (not USPS, which does not insure 1st class large envelops, and is seriously overpriced due to pervasive fraudulent claims). I offer two domestic shipping choices: $3.50 for first class, and $9.00 for Priority. Priority is recommended for orders over $100. International shipping is $6.00 for a large 1st class envelope. Other international options are usually too expensive. Shipping charge does not increase if you order more than one item. Shipping in the US is very reliable. I lose less than one item for every 1000 I ship, and I have never made a claim for a damaged shipment in over 20 years (scripophily shipments are not exactly breakable). Do not hesitate to email me if you have any questions.