Name: United States Steel Corporation
Brand: Ghosts of Wall Street
SKU: 2191pu
Price: 12.0 USD
Availability: OutOfStock

United States Steel Corporation Stock Certificate

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Product Details

Certificate Type	Common Stock
Date Issued	January 5, 1948 (dark brown) August 22, 1938 (purple) November 29, 1929 (light brown) May 13, 1955 (green)
Canceled	Yes
Printer	American Bank Note Company
Signatures	Machine printed
Notable	NA
Approximate Measurements	12" (w) by 8 1/2" (h)
Product Images	Show the exact certificate you will receive
Guaranteed Authentic	Yes

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Historical Context

J. P. Morgan and Elbert H. Gary founded United States Steel in 1901 (incorporated on February 25) by combining the steel operations owned by Andrew Carnegie with Gary's Federal Steel Company and several smaller companies for $492 million. It was capitalized at $1.4 billion, making it the world's first billion-dollar corporation. At one time, U. S. Steel was the largest steel producer and largest corporation in the world. In 1907 it bought one of its largest competitors, the Tennessee Coal, Iron and Railroad Company which was headquartered in Birmingham, Alabama. This led to the company being listed on the Dow Jones Industrial Average, doing so by taking the place of Tennessee Coal, Iron and Railroad Company. The federal government attempted to use federal antitrust laws to break up U. S. Steel in 1911, but that effort ultimately failed. Time and competitors have, however, accomplished nearly the same thing. In its first full year of operation, U. S. Steel made 67 percent of all the steel produced in the United States. It now produces less than 10 percent.

The Corporation, as it was known on Wall Street, always distinguished itself to investors by virtue of its size, rather than for its efficiency or creativeness during its heyday. In 1901, it controlled two-thirds of steel production. Because of heavy debts taken on at the company's formation — Carnegie insisted on being paid in gold bonds for his stake — and fears of antitrust litigation, U. S. Steel moved cautiously. Competitors often innovated faster, especially Bethlehem Steel, run by U. S. Steel's former first president, Charles M. Schwab. U. S. Steel's share of the expanding market slipped to 50 percent by 1911.

U. S. Steel's production peaked at more than 35 million tons in 1953. Its employment was greatest in 1943 (during World War II) when it had more than 340,000 employees; by 2000, however, it employed 52,500 people. The federal government has also intervened on other occasions to try to control U. S. Steel. President Harry S. Truman attempted to take over its steel mills in 1952 to resolve a crisis with its union, the United Steelworkers of America. The Supreme Court of the United States blocked the takeover by ruling that the president did not have the constitutional authority to seize the mills (see Youngstown Sheet & Tube Co. v. Sawyer, 343 U.S. 579 (1952)). President John F. Kennedy was more successful in 1962 when he pressured the steel industry into reversing price increases that Kennedy considered dangerously inflationary. The federal government prevented U. S. Steel from acquiring National Steel in 1984 and political pressure from the United States Congress forced it to abandon plans to import British Steel slabs. It finally acquired National Steel's assets in 2003 after National Steel went bankrupt. U. S. Steel acquired Marathon Oil in 1982, as well as Texas Oil & Gas several years later. It reorganized its holdings as USX Corporation in 1986, with U. S. Steel (renamed USS, Inc.,) as a major subsidiary.

At the end of the 20th century, the corporation found itself deriving much of its revenue and net income from its energy operations, so U. S. Steel eventually spun off Marathon and other non-steel assets (except Transtar) in October, 2001.

General 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.

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We make every effort to ship out all orders within 24 hours of receipt.

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Returns

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.

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. The best way to determine if the images presented are of the actual piece you will receive or are representative, is to click on the "Product Details" or "Images" tab. The description presented will let you know.

How will you ship my order and how much do you charge?

We ship all orders via the United States Postal Service. For orders taking advantage of standard (First Class) shipping, we offer flat rate pricing, so you pay only the advertised shipping charge regardless of the number of pieces you purchase. Current charges may be reviewed here. Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout.

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.