This lot is closed for bidding. Bidding ended on 3/7/2024
[STOCKS]. [CARNEGIE, Andrew, 1835-1919]. United States Steel Corporation $50,000 stock certificate issued to Andrew Carnegie. Issued 14 June 1901. Engraved document printed in red with embossed stamp and two $100 and one $50 secured debt tax stamps. Cancellation rubber stamp dated 23 July 1913 with cancellation punches present. Approximately 9 ½ x 13”. Countersigned by the Secretary and the Vice President of U. S. Steel. Minor occasional rubbing. Bright and fine. 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.