Palmer Union Oil Company
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Certificate Details
Product Details
Palmer Union Oil Company
Certificate Type
Preferred Stock
Date Issued
Unissued, circa early 1900's
Canceled
No
Printer
Not indicated
Signatures
NA
Approximate Size
12" (w) by 9" (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!