In April of this year, Shanghai New Century Auction Co., Ltd. held the first domestic real stock auction, with a total turnover of 470,400 yuan (excluding 10% buyer's commission), which caused a sensation in the collection industry. The auction's No. 1 lot, Sichuan Gold Stock (two sets), started at 3,000 yuan, and after fierce competition from buyers, it was finally hammered at 6,600 yuan. The highest turnover was a set of twelve Shanghai Old Eight shares, with a total turnover of 125,000 yuan. In addition to these mid-to-high-end physical stocks, some low-end stocks are also sought after by the market. For example, Fujian Yongan Forestry stocks started at 100 yuan and finally sold at 400 yuan. Fujian Jiuzhou stocks started at 100 yuan and sold for 600 yuan.
Collecting stocks has long been an international phenomenon, and China's stock collection can be traced back to 1986. That year, Deng Xiaoping, the chief designer of China's reform and opening up, presented a piece of autographed "Xiaofeile Audio" stock as a gift to the collector of the New York Stock Exchange Chairman John Danell. This is the first public stock issued to the public after China's reform and opening up. It marks the recovery of China's securities market and therefore has far-reaching historical value.
In fact, China has a history of issuing stocks for more than a hundred years, and stocks have really become independent collections in recent years. According to the current convention of the antique market, old things before the 1920s and 1930s are generally classified in the category of antiques. In this way, those old stocks that were abandoned in the past have become the new curiosities of today. In 1998, the Beijing Museum of Chinese Revolution opened the first domestic stock certificate exhibition hall in China, and held a physical donation ceremony for the first batch of 35 stock certificate enthusiasts and collectors in the country. At the meeting, the stock was officially declared a cultural relic. This certainty has laid down an authoritative basis for the private collection of stocks. At the end of 1999, Fudan University Press officially published the book "China's Old Stocks". The book's collection was screened from more than 1,000 stocks provided by national stock collectors, and more than 800 kinds were finally included. The editing took one year. It more comprehensively reflects the history of China's stock development. The book is divided into five periods, namely the late Qing Dynasty, the Republic of China, the period of the democratic revolution, the period of the founding of new China, and the period of reform and opening up. One of the earliest stocks was the Steam Merchants Stock issued in Shanghai in 1872. The former Chairman of the Securities Regulatory Commission, Mr. Liu Hongru, wrote the inscription of the book: Finding the true history of securities, sincerely collecting valuable information; showing the style of old stocks, showing good intentions, rewarding and praiseworthy.
There are several reasons why old stocks can become new antiques. First, the historical connotation of old stocks is rich. Almost every stock has a story, each story confirms a history. For example, the Sichuan-Hanzhou Railway stock has triggered a history-saving movement. Another example is that on the back of the stock issued by the Sheyang County Supply and Marketing Cooperative in Jiangsu, there is a record of annual dividend distribution from 1964 to 1979. It tells the world that even in the "Cultural Revolution", stocks still persisted in some areas of China. Secondly, the old stock is very ornamental. As a kind of marketable securities, stocks are printed very beautifully. It emulates the pattern of banknotes, not only with shading, quad border pattern, etc., but also the color is bright and generous, and has a high artistic quality. The last is strong security. The printing technology of stock is very demanding. It is exquisite with paper and some even have watermark. In addition to stamping various seals on the stocks, some also need to be stamped with steel. Because it is a kind of security, it attaches great importance to strengthening its anti-counterfeiting function as soon as it comes out, which is not found in most other printed printed collections.
Not long ago, a financial material historical material exhibition was held at the Qianye Club, a newly relocated office in Shanghai. The large number of physical stocks exhibited once again provided us with information on stock collections. Therefore, it is reasonable to believe that the potential value of stock collections will definitely become more prominent with the development of collection activities.