I was given stock as a gift and need immediate income. I can't locate the original certificate. What is the cheapest way to sell now. If I find the certificate, what is the cheapest way to sell. What is the fastest way to get the money.
2006-10-17 11:52:29 · 3 answers · asked by CJ 1 in Business & Finance ➔ Investing
Unless your name is listed with the registry of the company owning shares (or whoever gave it to you is on the registry), you will have to find that certificate... and I'm not sure if you can do anything without the certificate anyway. As a former stock broker, I can tell you that I made copies of the original certificates before the original would be researched as authentic... only then will you be paid. Good luck... your fastest route: Find the certificates, go to a well-known and larger brokerage company (because they'll be faster and offer more services), and just say you want to sell them. You'll have to open an account... be prepared for the paperwork to take about a half hour or so. And be prepared if all goes well to receive your money in three business days. (You might be able to do it faster if they have it sent electronically to your bank account.)
2006-10-17 15:53:51 · answer #1 · answered by Mike S 7 · 0⤊ 0⤋
If the stock is in your name and you know the certificate number, you can contact the company (their corporate service department) and they will reissue the certificate. It is not immediate, though.
The fastest way to get money from the sale of a stock certificate is to do a personal sale. Hand someone the certificate (signed by you as sold) and take the money.
2006-10-17 12:05:03 · answer #2 · answered by Papucho 2 · 0⤊ 0⤋
Contact the transfer agent. The company can tell you who that is, but they dont deal with the certificates.
2006-10-17 12:04:53 · answer #3 · answered by jeff410 7 · 0⤊ 0⤋