Beautifully engraved antique stock certificate from the Palmer Union Oil Company dating back to the 1910's. This document, which has been signed by the company President and Assistant Secretary, was printed by the New York Bank Note Company, and measures approximately 11" (w) by 8" (h).
This certificate's vignette features an oil well in a frame that is surrounded by a pair of American flags and an eagle. A duo of cherubs adorn the company name.
You will receive the exact certificate pictured. Please note rough bottom margin.
The Palmer Union Oil Company was incorporated in California on December 5, 1910 and had wells in the state's Santa Maria 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!