Palmer Union Oil Company
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Product Details
CompanyPalmer Union Oil Company
Certificate Type
Capital Stock
Date Issued
May 23, 1911
Canceled
Yes
Printer
New York Bank Note Company
Signatures
Hand signed
Approximate Size
11" (w) by 8" (h)
Images
Show the exact certificate you will receive
Guaranteed Authentic
Yes
Additional Details
NA
Historical Context
The Palmer Union Oil Company was incorporated in California on December 5, 1910 and had wells in the state's Santa Maria oil field.
The company's history is a brief and non-descript one, but it's future lineage proves quite interesting.
The company eventually morphed into such companies as the Palmer Stendel Oil Corporation, Petrocarbon Chemicals Inc and eventually the Taylor Wine Company. It is with the wine entity where it gets interesting. The Taylor Wine Company was eventually merged into the Coca-Cola Company.
This company geneology led an innovative family to claim their ownership of an old Palmer Union stock certificate meant they were actually owed over $130 million in Coca-Cola stock. You know, stock splits, reverse splits, etc.
Unfortunately, the family's claims never held up in court and the case was dismissed.
So no, if you purchase this piece, you do not have a claim to Coca-Cola stock. It is a collectible piece only!
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Additional Information
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.