Toronto Grey & Bruce Railway Co. Stock Certificate

Currency:CAD Category:Coins & Paper Money Start Price:75.00 CAD Estimated At:150.00 - 250.00 CAD
Toronto Grey & Bruce Railway Co. Stock Certificate
150.00CAD+ (30.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Oct 02 @ 18:31UTC-4 : AST/EDT

Buyer’s Premiums will be added on all items as per the Terms & Conditions of the sale. Invoices will be emailed out after The Toronto Coin Expo.

L100 stg 4% bond. Black 1884, train at top L, ship at top R, revenue stamps, F-VF crisp paper, small piece torn out at top L border, does not effect vignette. #0902. This railway was incorporated in 1868 and commenced operations in 1873. It ran from Toronto to Owen Sound via Orangeville ON. A second branch from Orangeville to Teeswater ON was added for a total of 307.5km. Financial difficulties forced this railway into a brief alliance with the Grand Trunk Railway. Eventually, this railway was leased by the Ontario & Quebec Railway in 1883. Canadian Pacific Railway acquired both railways in 1884. These bonds were traded on the London Stock Exchange right up until the late 1990s and were redeemed when CP re-organized its subsidiaries. This company was dissolved in 1998. Bonds from this issue are highly prized by collectors for both their beauty and scarcity as CP rarely releases anything from their vaults. A must have for any railway collector. Nice condition!