{"id":3879629881427,"title":"Municipal Investment Trust Fund (Merrill Lynch)","handle":"municipal-investment-trust-fund","description":"\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eNicely engraved antique certificate of beneficial interest from the Municipal Investment Trust Fund dating back to the 1980's. This document was printed by the American Bank Note Company and measures approximately 12\" (w) by 8\" (h). \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThis certificate features an underprint of the state of New Jersey.\u003c\/p\u003e\n\u003cdiv style=\"text-align: center;\"\u003e\n\u003cbr\u003e\u003cimg src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/GhostsofWallStreetLogoTickerLineOnly_b31cad8d-ffc0-46c6-9262-a98ce3ce4771_1024x1024.png?v=1547309114\" alt=\"\" style=\"display: block; margin-left: auto; margin-right: auto;\"\u003e\u003cem\u003eYou will receive the exact certificate pictured.\u003c\/em\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe Municipal Investment Trust Fund was a New Jersey Trust that was developed by Merrill Lynch, Pierce, Fenner \u0026amp; Smith, and offered by the likes of Prudential Bache Securities; Shearson Lehman Brothers; Dean Witter Reynolds; PaineWebber and Chase Manhattan Bank.\u003c\/p\u003e\n\u003cp\u003eThe fund was a unit investment trust that was modified to eliminate price fluctuations by giving investors the right to ''put,'' or sell the units, back to the seller at a guaranteed price of 100. While protecting investors against loss, the fund sacrificed some potential for price gains, since the lower rate of interest would have required a significant decline in market rates to make the units worth more than their face value.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e","published_at":"2019-06-29T07:55:00-04:00","created_at":"2019-06-29T07:55:00-04:00","vendor":"Ghosts of Wall Street","type":"Stock Certificates","tags":["1980s","Banking \u0026 Finance","Date_1980s","Finance","Merrill Lynch","Municipal Investment Trust Fund","New Jersey","Under $10"],"price":900,"price_min":900,"price_max":900,"available":false,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":29230299971667,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"2755","requires_shipping":true,"taxable":true,"featured_image":null,"available":false,"name":"Municipal Investment Trust Fund (Merrill Lynch)","public_title":null,"options":["Default Title"],"price":900,"weight":7,"compare_at_price":null,"inventory_management":"shopify","barcode":"","requires_selling_plan":false,"selling_plan_allocations":[]}],"images":["\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2755.png?v=1561809829"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2755.png?v=1561809829","options":["Title"],"media":[{"alt":"Municipal Investmnet Trust Fund Certificate of Beneficial Interest","id":3104091078791,"position":1,"preview_image":{"aspect_ratio":1.454,"height":1066,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2755.png?v=1570138016"},"aspect_ratio":1.454,"height":1066,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/2755.png?v=1570138016","width":1550}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003cmeta charset=\"utf-8\"\u003e\n\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003eNicely engraved antique certificate of beneficial interest from the Municipal Investment Trust Fund dating back to the 1980's. This document was printed by the American Bank Note Company and measures approximately 12\" (w) by 8\" (h). \u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThis certificate features an underprint of the state of New Jersey.\u003c\/p\u003e\n\u003cdiv style=\"text-align: center;\"\u003e\n\u003cbr\u003e\u003cimg src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/GhostsofWallStreetLogoTickerLineOnly_b31cad8d-ffc0-46c6-9262-a98ce3ce4771_1024x1024.png?v=1547309114\" alt=\"\" style=\"display: block; margin-left: auto; margin-right: auto;\"\u003e\u003cem\u003eYou will receive the exact certificate pictured.\u003c\/em\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThe Municipal Investment Trust Fund was a New Jersey Trust that was developed by Merrill Lynch, Pierce, Fenner \u0026amp; Smith, and offered by the likes of Prudential Bache Securities; Shearson Lehman Brothers; Dean Witter Reynolds; PaineWebber and Chase Manhattan Bank.\u003c\/p\u003e\n\u003cp\u003eThe fund was a unit investment trust that was modified to eliminate price fluctuations by giving investors the right to ''put,'' or sell the units, back to the seller at a guaranteed price of 100. While protecting investors against loss, the fund sacrificed some potential for price gains, since the lower rate of interest would have required a significant decline in market rates to make the units worth more than their face value.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e"}

Municipal Investment Trust Fund (Merrill Lynch)

$9.00
Maximum quantity available reached.
Stock Number: 2755
Product Details

Nicely engraved antique certificate of beneficial interest from the Municipal Investment Trust Fund dating back to the 1980's. This document was printed by the American Bank Note Company and measures approximately 12" (w) by 8" (h). 

 

This certificate features an underprint of the state of New Jersey.


You will receive the exact certificate pictured.
    Historical Context

     

    The Municipal Investment Trust Fund was a New Jersey Trust that was developed by Merrill Lynch, Pierce, Fenner & Smith, and offered by the likes of Prudential Bache Securities; Shearson Lehman Brothers; Dean Witter Reynolds; PaineWebber and Chase Manhattan Bank.

    The fund was a unit investment trust that was modified to eliminate price fluctuations by giving investors the right to ''put,'' or sell the units, back to the seller at a guaranteed price of 100. While protecting investors against loss, the fund sacrificed some potential for price gains, since the lower rate of interest would have required a significant decline in market rates to make the units worth more than their face value.

     

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