Conference nyoss1::market_investing

    Take the certificates to a deep discount broker in your area. Without
    knowing how many shares you have to sell it is hard to project an exact
    cost to sell. An estimate would be $25-50.
    
    Lyndon

    Thanks Lyndon.  I live in Westboro.  The cert. is for 750 shares.
    
    Any "deep discount broker" around Westboro?
    
    Thanks again.
    
    Amin

    Amin,
    A lot of brokers will require you to open an account with them before
    you can walk in the door with a stock certificate and sell it.  This
    requires you to fill out some forms and usually wait about a week.
    
    As for discount brokers, there's very low cost StockCross in Boston.
    As for closeness but high commission, there's an AG Edwards in Worcestor.
    Kratz

>    As for discount brokers, there's very low cost StockCross in Boston.
>    As for closeness but high commission, there's an AG Edwards in Worcestor.
    
    And a compromise would be Fidelity in Burlington (?). On route 3A just
    outside of 128. A low brick building on the left (heading away from 128)
    within a couple stoplights of the exit.
    
      John

>     I have stock certificates for my shares in a company and want to sell ...

	I hope they are public shares (vs. private) .....

	BTW, there is no problem mailing certificates.  As long as you
	properly fill out the back before you mail them they will only
	be negotiable to the broker you've signed them over to.

    RE: 891.4, Fidelity has moved out of the building on Rt. 3A and now
    resides on the Burlington Mall Rd., across from Lahey Clinic.
    
    Regards,
    Jim

    Even though I am a long time and active customer of StockCross. I think
    Brown & Company in Boston is both reputable and less expensive than
    StockCross.

    Thanks so much you all.  I was also told about Schwab (sp?) around
    Chestnut Hill.
    
    RE: .5,
    
    What do you mean by public vs private shares?  I bought the shares from
    a broker and asked them to send me the certificate and closed my
    account with them. Good thing I did, as the company went under two
    months after I got the certs.
    
    Thanks again.
    
    Amin
           

> What do you mean by public vs private shares?

	Not all stock is publically traded (ie. private stock is not
	traded on the exchanges, you usually have to go to the co.
	I believe).

	I'm in the process of trying to unload some private stock I
	have (in a privately held company) and it's a pain dealing
	with the idiots ......

    You and also use Waterhouse Securities. They have an office in Boston.
    There is no problem with sending your certificate to the broker. Don't
    use regular US mail. Instead, use "registered mail" or a private
    carrier like Federal Express. It should be quite safe.
    
    Just because you bought those shares from a broker, it doesn't mean the
    shares are still publicly traded. It could be pulled off the market after
    you have purchased it. I have seen this happened with IPO shares. I
    would recommed that you call a broker (any broker) and ask them about
    the market price of your stock before you send your certificate to
    anywhere. If you can get a price, you know it is publicly traded. And,
    based on the price, you can make a decision whether you want to seel it
    now or not. 
    
    Mike 

    OK!  It is definitely public, as I can get its price on the web.

    I don't really want to open an account with anybody to get my money.  I
    will be calling those companies listed earlier tomorrow.

    Thanks again.

    Amin 

    re: .11
    
      If you sell it to a friend or family member, then OK. If
    however you want a broker to find you a buyer, then you must
    open an account and pay him a commission. Only licensed brokers
    can sell stock on an exchange, where you don't know the buyer.
    This is similar to listing your house with a broker.  

    	If you want to do a private sale, see 813.6

    re:                   <<< Note 891.10 by SOLVIT::CHEN >>>

   > Don't
   > use regular US mail. Instead, use "registered mail" or a private
   > carrier like Federal Express. It should be quite safe.
    
    Why? Endorsed stock certificates aren't negotiable, except by the
    intended recipient. 
    
    Do you make all your bill payments by FedEx or Registered Mail? How is
    a check different from a stock certificate? (Answer: The certificate
    replacement fee is alot lower than the stop payment fee :-)

    re: .14
    
    You already answered your own question. Regular US mail is NOT
    traceable. So, if it is lost, you are out of luck and you have to pay
    to get the certificate replaced. It's alot cheaper to send registered
    mail than to replace the certificate. Got it?  :-)
    
    Mike

    re:                   <<< Note 891.15 by SOLVIT::CHEN >>>
           
   > It's alot cheaper to send registered
   > mail than to replace the certificate. 
    
    Actually, both cost about $5. If you use regular mail, you might have
    to pay it (in the unlikely event the cert doesn't reach its
    destination.) If you use Registered mail, you are _guaranteed_ to pay
    the $5.
    
    My real point is this: If you trust regular mail enough to pay your
    bills, there's no incremental risk involved with mailing a stock
    certificate.
    
    Of course, if you don't trust regular mail for anything, use
    Registered, FedEx, courier, whatever. It's your nickel.
                                                           
    Jon

    I've used regular mail for sending ESPP certificates to my broker
    for the last dozen or so buys; no problems yet.

    Personally, I do not trust regular US mail. I have lost numerous items
    through them and some costed me rather dearly. I would not use them
    to send anything that is important or valuable. I guess that's just my
    personal choice. 
    
    Mike

    	Fidelity also has an office on Rt 9, in Worcester, about 1/2 - 1
    	mile beyond White City Plaza; basically across from U Mass Medical
    	Center.  A tad closser to Westboro than Burlington.

    how did you get stock certificates replaced for only $5.  A few years
    ago I lost some certificates - not in the mail - and I was required to
    buy a surety bond for 2% of the value of the stock before they would
    issue me a new certificate - i was told by the company's tansfer agent
    that this was standard practice.

    re: 20
    
    A note in here (or Digital_Investing) described someone's first-hand
    experience, which mentioned a fee of $5.

    	Perhaps it varies from transfer agent to transfer agent.
    
    	The DEC transfer agent charges $5/certificate that needs to
    	be replaced.  I asked (specifically to weigh the cost/risk
    	of sending then US mail.)
    
    	Disney transfer agent also charges $5.  I have no first-hand
    	experience from any others.

>     	The DEC transfer agent charges $5/certificate that needs to
>     	be replaced.  I asked (specifically to weigh the cost/risk
>     	of sending then US mail.)

	If you had multiple certificates for the same security that you
	needed replaced, can you have them issue you a single replacement
	consolidating all the shares?  Or is the $5/certificate-being-replaced
	vs. $5/new-certificate-being-issued?

    	re .-1
    
    	You'd have to ask the transfer agent.