Alexander Manufacturing Company stock certificate, from the 1800's, with a great unique vignette of an early toilet invention!!! Unissued. The company was based in Detroit.
A Brief History About Collecting Stocks from the antiquestocks.com site: The collecting of stock and/or bond certificates (sometimes referred to as certs) is called scripophily. Scripophily first become popular in the 1960's and 1970's, when collectors started collecting old, collectible, antique stocks and bonds that were either canceled, unissued or issued and uncancelled but worthless. In Europe, a stock cert is usually referred to as a share or shares. An old stock certificate is a great collectable that you can frame and hang on your wall.