Name: J. C. Penney Financial Corporation
Brand: Ghosts of Wall Street
SKU: 1583or
Price: 12.0 USD
Availability: InStock

J. C. Penney Financial Corporation Bond Certificate

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Product Details

Company	J. C. Penney Financial Corporation
Certificate Type	Debenture Bond
Date Issued	1970's and 1980's
Canceled	Yes
Printer	Security-Columbian Bank Note Company
Signatures	Machine printed
Approximate Size	12" (w) by 8" (h)
Product Images	Representative of the piece you will receive
Authentic	Yes
Additional Details	NA

Historical Context

Many courtesies that today's customers expect from a retail store such as money-back returns, standardized pricing, high quality merchandise, and friendly customer service simply were not widely practiced when Mr. James Cash Penney opened his first store in Kemmerer, Wyoming, in 1902. In those days, many merchants operated their businesses under the motto "caveat emptor" - let the buyer beware! Customers had to be on their guard against shoddy merchandise, fraudulent claims about quality, deceptive dual pricing systems, highly discriminatory sales practices, and rude, uncaring sales people.

By 1913, Penney had grown his store into a chain of 36 locations, and incorporated the company in Utah as the JC Penney Company.

By the end of 1920, the chain totaled 312 stores in 26 states. The company purchased the Crescent Corset Company, its first wholly owned subsidiary. It manufactured more than 500 styles of women’s lingerie exclusively for Penney stores. They were marketed under the name Lady Lyke, then Adonna.

In 1924, JC Penney opened its 500th store in Penney’s hometown of Hamilton, Missouri. The acquired store was the one in which Penney, age 19, got his first job in retailing in 1895.

On October 23, 1929 JCPenney common and preferred stocks were listed on the New York Stock Exchange for the first time. Six days later the stock market crashed on Black Tuesday.

In 1940, a young Sam Walton begins working in the Des Moines, Iowa store. Eighteen months later he was called up for military service. After the war, he did not return to JCPenney, but launched out on his own, ultimately founding Wal-Mart. He, however, retained a high regard for JCPenney. He adopted many JCPenney strategies, like building stores in small-town America. In his autobiography he called JCPenney "the Cadillac of the industry."

In 1953, as the Cold War and the nuclear threat intensified, more than 50 mannequins wearing JCPenney clothes were exposed to an atomic blast at Yucca Flat, Nevada. They were then displayed at stores nationwide to show shoppers what type of clothing offers the best protection to a blast.

The famous JC Penney catalog was introduced in 1963, and by 1979 catalog sales exceed $1 billion.

In 1996, the Company acquired several drugstore chains: Fay, Kerr, and several Rite Aid stores. This acquisition momentum climaxes with acquisition of the Eckerd Corporation in November. All were merged with Thrift Drug to create one of the nation's premier drug store businesses, with over 2,800 stores. Penney’s exited the drugstore business in 2004, selling all of its Eckard’s assets.

Related Collections

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 Information

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.