Question: family member inherited stock certificate from 1966

Perhaps talk with the company

Contact the corp secretary.

I'd start with a call to the company's chief financial officer or head accountant.

quote:

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No pics as his name is prominently displayed.

But I have a question:

-It appears to be preferred shares in a private local company that’s still operating; how do I determine a value for this? Hire an appraiser? Financial attorney? Never encountered this before.

-Preferred dividends are paid first, how do I know they have been properly paid over the last 57 years? If they haven’t been, then what?

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Any rough idea what they are worth? How many shares and what not I mean? That's going to depend on the answers here, you don't want to hire an attorney for $1,000 worth of shares but $100,000 yes I'd get more serious.

Private local company can't have THAT many share holders from 1966 can they?

Kinda an odd thing not to cash in especially for a local company as they could have gone to $0.

What's the company?

In most co-op preferred stock situations like this, the co-op was required to redeem that stock years and years ago.

You can’t think of farm co-op stock like traditional equity stock.

If the co-op did not redeem on the prescribed redemption date, the co-op has financial issues.

Decades ago, many farm co-ops would issue preferred stock to non-members to raise capital. Local people in the community would purchase a share our two to help support what was most likely an important part of the community’s commerce.

I see this a good bit - even more interesting is all the worthless oil and gas stick certificates from 89,90,100 years ago we see. Interesting stuff but usually worthless.

Frame it and have it as a cool piece of art for discussion.