Lot of 4 Pan American World Airways Stock Certificates
Coins and Paper Money :: Scripophily :: Mixed Lots
Lot of 4 Pan American World Airways Stock Certificates
Please read the following text before bidding or before writing to me to ask a question. Just about every possible question that you might have has already been answered in the text of this listing. Also, due to numerous problems with recent bidders, non-US winners will be required to purchase additional postage for registration, which will be $15.00. American winners will be required to purchase USPS Postal Insurance (at cost) for $2.15. This carries a tracking feature. Also, auctions that end on a single day will be combined, auctions on different days will not be. This auction is for a lot of 4 stock certificate This particular certificate is listed in the Krause Standard catalog of Stocks and Bonds. It can be found on page 268. It is valued at $4.00 per certificate as a collectors item. Company Name: Pan American World Airways, Inc. Owner's name: Number of shares: Various / 100 shares State(s) of operation: International Condition: Good issued and cancelled condition. Has beautiful engraving of American Bald Eagle above two globes, flanked by two classical allegorical figures. Some history: Pan American World Airways, commonly known as Pan Am, was the principal international airline of the United States from the 1930s until its collapse in 1991. Originally founded as a seaplane service out of Key West, Florida, the airline became a major company credited with many innovations that shaped the international airline industry, including the widespread use of jet aircraft, jumbo jets, and computerized reservation systems. Identified by its blue globe logo and the use of the word "Clipper" in aircraft names and call signs, the airline was a cultural icon of the 20th century, and the unofficial flag carrier of the United States. Pan Am went through two reincarnations after 1991. The second Pan Am operated from 1996 to 1998 with a focus on low-cost, long-distance flights between the U.S. and the Caribbean. The third incarnation based in Portsmouth, New Hampshire, ceased operations in 2004. (Boston-Maine Airways, a sister company of the third incarnation, still operates the Pan Am Clipper Connection brand.) Except for the second incarnation, whose IATA airline designator was PN, Pan Am still used the IATA code PA and the ICAO code PAA, though neither incarnation had a relationship to the original Pan Am. The third incarnation also had no relationship to the second incarnation of the mid-1990s. Pan American Airways Incorporated was founded on March 14, 1927, by Major Henry H. "Hap" Arnold and partners. Their shell company was able to obtain the U.S. mail delivery contract to Cuba, but lacked the physical assets to do the job. On June 2, 1927, Juan Trippe (Yale '21) formed the Aviation Corporation of America with the backing of powerful and politically-connected financiers William A. Rockefeller, Cornelius Vanderbilt Whitney, and others; Whitney served as the company's president. Their operation had the all-important landing rights for Havana, having acquired a small airline established in 1926 by John K. Montgomery and Richard B. Bevier as a seaplane service from Key West, Florida to Havana. The Atlantic, Gulf, and Caribbean Airways company was established on October 11, 1927, by New York City investment banker Richard Hoyt, who served as president. The three companies merged into a holding company called the Aviation Corporation of the Americas on June 23, 1928. Richard Hoyt was named as chairman of the new company, but Trippe and his partners held forty percent of the equity and Whitney was made president. Trippe became the operational head of the new Pan American Airways Incorporated, created as the primary operating subsidiary of Aviation Corporation of the Americas. Pan Am II A new investment group including Charles Cobb, the former Ambassador to Iceland, purchased the rights to the Pan American brand after the original carrier declared bankruptcy. In September 1996, Pan Am II was started with an Airbus A300 named the Clipper Fair Wind. The goal was to provide low-cost, long-distance travel to major U.S. and Caribbean cities. The new airline was led by the last Vice Chairman and Chief Operations Officer of Pan Am, Marty Shugrue, who also helped in the creation of the WorldPass frequent flyer program and who served as President of American Airlines and later trustee of the Eastern Air Lines estate. In September 1997, Pan Am Corporation, the airline operation's holding company, bought Carnival Air Lines. However, the rapid expansion and economic troubles of the two companies were too much for the new Pan Am—it only survived for two years before declaring bankruptcy. Before Pan Am and Carnival could fully merge, the holding company and its two independently operated airlines, Pan Am and Carnival, filed bankruptcy and ceased scheduled flight operations in February 1998. The operating certificate used for the first reincarnated Pan Am was abandoned in favor of the acquired Carnival's operating certificate. Pan Am, now operating with the Carnival certificate, quickly resumed limited charter operations while new owner Guilford Transportation Industries acquired certain assets of the bankrupt companies after court approval. The new company emerged from bankruptcy in June 1998. Pan Am III In June 1998, the Pan Am brand was sold to Guilford Transportation Industries, a railroad company headed by Tim Mellon of the Pittsburgh banking family. Guilford launched Pan American Airways with a fleet of seven Boeing 727s. The third incarnation resumed scheduled operations in October 1999 and flew to nine cities in New England, Florida, the Canadian Maritimes and Puerto Rico. The focus was on secondary airports such as Orlando Sanford International Airport instead of Orlando International Airport, and Peas International Airport and Worcester Regional Airport instead of the crowded Logan International Airport in the Boston area. Pan Am later had cooperative service arrangements with Boston-Maine Airways, a subsidiary incorporated by the airline in March 1999. Guilford ceased operating Pan Am on November 1, 2004. Operations were transferred to Boston-Maine Airways, which resumed 727 service under the 'Pan Am Clipper Connection' brand from February 17, 2005. You will receive the item shown in the scan. Don't miss you opportunity to win this one! Please read the entire description of this auction before bidding or before writing to me to ask a question that has already been answered in the text of this listing. Guidelines: 1) Unless otherwise specified in the auction listing, S/H in US for most of what I sell: small items like postal items, banknotes, stock and bond certificates, and collectible checks will be $2.00 for the first item, $1.00 for EACH additional item or lot sent at the same time. You will also be charged an additional $2.15 for USPS Postal Insurance (at cost). 2) S/H prices to non-US addresses: $3.00 for the first item, $1.00 for EACH additional lot or item sent at the same time. All non-US winners will be required to purchase additional postage for registration, which will be $15.00. 3) Due to numerous foreign bidders whose payment gets lost in the mail, I now require all non-US bidders to pay via PayPal. If you are unable to use PayPal, please do not bid. 4) US bidders may pay with PayPal or checks (in US dollars, drawn on US banks). If you use PayPal, please figure out how to use it yourself. I end up spending far too much time having to walk bidders through the payment process. 5) All sales are final (unless I have made a mistake in description) and s/h prices will not be reduced, so please do not ask. 6) On some lots that I sell, I have multiples of the item, so the one that you are bidding on one may not be the exact one shown in the scan. If this is the case, generally the only difference will be the serial number if it is a banknote; if the item is a stock or bond certificate, then the filled-in parts like the owner's name, date of issue or purchase, serial number and perhaps number of shares will be different. I try to make it clear in the item description what information will be on the certificate if it is relevant. Condition on stock and bond certificates will be average for the issue, unless otherwise stated in the description. Please note that on most stock and some bond certificates, there are almost always cancellation holes or ink stamp marks, as well as staple holes (when certificates are sold at a broker, the sell order form is stapled to the certificate) or folds. Any stock or bond certificates I sell that have been issued will be cancelled, unless otherwise stated. I have many other interesting items listed on eBay, so please look at my other auctions. 7) I do not have a store, so local bidders cannot come by and pick up wins. 8) I understand that problems arise from time to time that may delay your payment, but please try to pay for your items within ten days of receiving my invoice. 9) I will contact you within a few days of the end of the auction, you do not need to contact me prior to that. If you do not hear from me after a reasonable amount of time, then please try to contact me. In most cases, if you do not hear from me, this does not mean that I am ignoring you, but there may be some problem sending and/ or receiving messages between the two of us. Please note, some Internet service provider's anti-spam filters catch my messages to certain buyers. If you do not receive message from me, please check to see that my messages are not being blocked or caught by your or your ISP's spam blocker. 10) PLEASE DO NOT WRITE TO TELL MY THAT YOU DO NOT LIKE MY S/H CHARGES. I TELL YOU WHAT THEY ARE IN THE AUCTION DESCRIPTION. IF YOU DON’T LIKE HOW MUCH I CHARGE, DON’T BID. THANKS. 11) For the one percent of problem winners: Payment must be received within ten days of my invoice to you. If it is not, I reserve the right to re-list the item without further notice. Also, if you send partial payment and do not send the remainder after I contact you, you will lose both your item and the partial payment. I just cannot spend all my time trying to contact you because you cannot follow a few simple directions. I will also leave negative feedback for those who warrant it. 16) My preferred method of payment is via PAYPAL. Otherwise, you can send a US dollar denominated check on a US bank or money order to me: Anthony Mills PO Box 5928 Aloha, OR 97006-0928 USA IF YOU SEND PAYMENT VIA REGISTERED MAIL, SEND TO: Anthony Mills PO Box 5928 Aloha, OR 97007 USA I generally send items out in the order that I receive payments. I try to get items sent out quickly, but it may take a week for your item to be sent to you. Please be patient. Packages are sent regular mail or book rate (if applicable). When you communicate with me, PLEASE always include your name, address, and the eBay lot number. (Not everyone does this). If you send an incorrect, incomplete or poorly written address to me and the package that I send to you is returned, you will need to pay the full amount of quoted s/h again, so please make sure that I can read your writing and that you address is correct. | ||||||||||||
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