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Auction: 9014 - Bond & Share Certificates of the World
Lot: 774

Pan Motor Company (DE), $5 shares, St.Cloud, Minnesota 19(18), signed by Pandolfo as President, vignette of early motor car, green and black, light stain at bottom edge, very fine. Manufactured motor cars at St.Cloud between 1918 and 1922. Pandolfo was a clever promoter who virtually built the entire town around his factory. His advertising material was probably the most elaborate of the time but he was finally imprisoned for stock frauds which were the largest in the industry at the time. Estimate £ 80-100

Sold for
£80