Commonwealth Oil Company, Inc.
Commonwealth Oil Company, Inc.
- In stock
- Inventory on the way
Product Details
Nicely engraved antique stock certificate from the Commonwealth Oil Refining Company, Inc. dating back to the 1960's. This document, which carries the printed signatures of the company President and Secretary, was printed by the Franklin-Lee Division of the American Bank Note Company and measures approximately 12" (w) by 7 3/4" (h).
The certificate's vignette features an eagle on a crag.
Images
You will receive the exact certificate pictured.
Company History
The Commonwealth Oil Refining Company, Inc. (CORCO) was an oil refinery established in the towns of Peñuelas and Guayanilla in Puerto Rico in the second half of the 20th century. At one point, the company was ranked among the 500 largest in the United States by Fortune Magazine.
In 1978, it supplied 80% of all petroleum products consumed in Puerto Rico and, at 2,700 employees, was Puerto Rico's largest employer. In addition, it was considered "among the largest independent petroleum refiners and petrochemical producers in the world."
The refinery bought most of its oil from Venezuela and the 1970s Oil embargo shot up the price of crude oil imports to the United States, and thus Puerto Rico, and made it difficult for the company to be compete profitably against oil refineries in US, as the American refineries were able to soften the blow of higher crude prices by purchasing domestic crude. This reality led to a gradual closing of operations starting in 1974. After operating under bankruptcy laws for several years, the ailing company finally shut down in March 1982, with devastating economic results for the region.
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.
FAQ
Are the certificates offered on your site genuine or reproductions?
All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
Shipping
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Returns
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.