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1903 Greater New York Baseball Association Highlanders/Yankees Unissued Stock Certificate

Lot Number 568

Quantity: Bid Starts: 08/01/2016 12:00:00 
Bid Open: 500.00  Bid Ends: 08/11/2016 22:00:00 
Bid Count: Overtime: 30 Minutes
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Description

Detailed description on our website.

Overcoming black-balling, player raids, feuds, poor attendance, a change in ownership and a vote for the right to play in New York, American League charter member the Baltimore Orioles did just that in 1903, relocating to Hilltop Park in Manhattan. Established under the corporate name “Greater New York Baseball Association”, this team was known to the public as the “New York Highlanders”, who were re-christened the “New York Yankees” when they moved into the Polo Grounds in 1913.

 

Go back to the ground floor of what is now the most valuable and successful franchise in North American sports with this 1903 Greater New York Baseball Association stock certificate. Measuring 11-3/8 x 9-1/4”, this remarkable 113 year old document presents a nearly like-new appearance with a technical rating of (EX-MT) due to minor corner wear, including a light crease at top right which does not approach the printed area. This well-preserved antique is crisp and clean with bold graphics and clearly defined perforation along the left edge. Printed by The Broun-Green Co. of NY, this unissued certificate is numbered “71” in red in a box to left of a modified engraving of the New York State Seal at top.

 

With a printed capital stock valuation of $100,000 and a share price of $100, simple mathematics reveal that no more than 1,000 of these original 1903 certificates could have been sold assuming that each was made in the amount of one share. However recent sales are noted for canceled certificate #4 in the amount of 993 shares; certificate #5 in the amount of 570 shares; and certificate #7 for 30 shares, accounting for 60% of the total value. Additionally just two other unissued certificates were discovered, which are #53 and #61. While the number of certificates still in existence is undetermined, based on these scant few known examples it would seem reasonable to accept that they are quite rare.



 
 
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