Detroit Aircraft Corporation
Detroit Aircraft Corporation
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Product Details
| Company | Detroit Aircraft Corporation |
| Certificate Type | Common Capital Stock |
| Date Issued | August 3, 1934 |
| Canceled | No |
| Printer | E. A. Wright Bank Note Company |
| Signatures | Hand signed |
| Approximate Size |
11 1/4" (w) by 8" (h) |
|
Product Images |
Show the exact certificate you will receive |
| Authentic | Yes |
| Additional Details | NA |
Historical Context
The Detroit Aircraft Corporation was originally incorporated in 1922 as the Aircraft Development Corporation. Later, the company acquired Mahoney-Ryan in June 1929, renaming it Ryan Aircraft Corporation (famous for building Lindbergh's Spirit of St. Louis). In 1929, the company acquired 87% of Lockheed-Vega Aircraft Company assets, bringing this famous company under their ever-growing umbrella. However, just a few months later the stock market crash plunged the company into the great depression and the company went into receivership.
While the Detroit Aircraft Corporation was later dissolved, going down the tubes in much the same manner as did Thomas-Morse and Berliner-Joyce, the Lockheed name got an unexpected second chance. Only five days after the doors of the corporation had been locked, a miracle took place. A new group of investors bought the assets of the Lockheed Aircraft Corporation division for only $40,000, and the company was brought back from the dead.
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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.
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?
Are the images presented in your product listings of the exact piece I will receive?
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Can I return my purchase?
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.
