[STOCKS]. United States Steel Corporation $5,000 stock
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Description
[STOCKS]. United States Steel Corporation $5,000 stock certificate issued to Andrew Carnegie. Issued 15 June 1901. Engraved document printed in blue with embossed stamp and $25 secured debt tax stamp. Cancellation rubber stamp dated 19 February 1920 with cancellation punches present. 337 x 248 mm. The United States Steel Corporation began life as the Carnegie Steel Company in 1892, and was sold by Carnegie to J.P. Morgan in March 1901. The transaction was the largest in United States history to that point, with the final sale totaling to the 2020 equivalent of over $8 billion. Carnegie’s share amounted to nearly $230 million in bonds; a special vault had to be constructed to house his stock certificates in the new company.
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[STOCKS]. United States Steel Corporation $5,000 stock
Estimate $3,000 - $5,000
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Director of Fine Books and Manuscripts
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