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Auction: 22140 - Bonds and Share Certificates of the World - e-Auction
Lot: 616

U.S.A.: Collins Wireless Telephone Company, $1 shares, 19[09], #3294, attractive piece with vignettes of telephone equipment left and Erie steamship right, green and black with gold seal. Formed by A. Frederick Collins in 1903 as the Collins Marine Wireless Telephone Co. and changed its name to this shortly afterwards. Unfortunately Collins' partners were more interested in stock selling than technical development and following a merger with Continental Wireless 4 officers were indicted for stock fraud and Collins himself for giving fraudulent demonstrations of the equipment. He was sentenced to 3 years in prison in Atlanta. GVF.

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Estimate
£60 to £80

Starting price
£50