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Czech Scripophily: A Story of Love, Beer and Broken Promises
More
than Just a Pretty Picture!
Scripophily isn’t
the name of some rare disease, but rather a specialised branch of numismatics focused
on the study and collection of old stocks and bonds. The word is derived from
the English word "scrip" which represents an ownership right and the
Greek word "philos" which means to love. At AKRO, we have adorned the walls
of our offices not with photos or paintings but with old stock and bond
certificates. Such furnishings seem particularly fitting for a mutual fund
group whose activities are focused on such investments.
Over the years,
thousands of companies have at one time or another issued share and/or bond
certificates. It is therefore possible to focus on almost any theme to start a
collection. The railway and automotive industries are particular favourites
amongst Scripophilists. Thematic collections can include anything from
corporate scandals (Enron, Global Crossing,) to erotica (Nevada brothels,
Playboy Inc., Beate Uhse). I will confess that my collection at AKRO, and at
home, is rather eclectic in nature; a mixture of the decorative and the
historically interesting. It includes some lavishly illustrated foreign
certificates issued by Louis Bleriot, Claridges Hotels, The Port of Bruges, and
Societe Paris-France S.A. The majority of the collection is however focused on
old Czech certificates.
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