the discriminating collector"
The following are
the current offerings of unique or extremely limited collectibles available
for sale on a first come first serve basis. All items are subject to prior
sale and once sold out, will no longer be available. They are indeed toy
train paper treasures!
Certificate Issued to
Joshua Lionel Cowen
offered documents one of the most important aspects in the fascinating
history of The Lionel Corporation. This certificate was actually issued
to Joshua Lionel Cowen, inventor of the Lionel Electric Train, and remained
his property until he sold his full interest in Lionel in 1959.
Founded in 1900 by Joshua L. Cowen, Lionel was registered as a Corporation
in 1937 under the laws of the State of New York. The company, although
publicly traded, was significantly owned and operated by Joshua and his
son, Lawrence. As a father and son team, they guided the company through
what is considered to be the "Golden Era" of collectible toy
trains, the postwar era of the late 1940's and through the decade of the
Fifties. It must have been with great pain that Joshua and his wife, Lillian,
made the decision to sell their interest in the company whose name was
synonymous with toy trains, and whose brand image was recognized by 70%
of all Americans during the era.
In late September 1959, Joshua Lionel Cowen made the decision to sell
his shares in Lionel to an investment group headed by Roy M. Cohn, a New
York lawyer best known for his active role as counsel to Senator Joseph
McCarthy in the early 1950's and financier David Chase. This stock certificate
was one of very few that was redeemed as part of the transaction executed
on September 30, 1959. The certificate available was issued to the David Chase syndicate.
The price for this piece is $125.00 plus $7.00 insured shipping.
certificate will include a color brochure providing additional provenance
behind the stock's issuance, including photographs of documents supporting
the final sale of The Lionel Corporation.
matching certificate issued to Lillian Cowen, Joshua's wife, is also
available. Please inquire.
for Future Showcase Offerings at trainpaper.com!
Lionel and American Flyer are Registered Trademarks of Lionel L.L.C.