Selling Stock Certificates

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Selling stock certificates is generally done over the Internet and requires having the seller's name notarized before sending the stock to a buyer or brokerage firm. Get physical stock certificates by contacting the issuer with instructions from a financial analyst in this free video on the stock market.

Part of the Video Series: Stock Market Tips & Facts
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Video Transcript

Was anybody ever nice enough to give to you a stock certificate as a gift or perhaps for your education? Hi, this is Roger Groh with Groh Asset. Are you wondering how to sell it? Well, here today we're going to talk about stock certificates and what you can do with them. In the old days, everything traded through certificates. In today's world, though, because of the need for speed and the need to reduce the cost of each transaction, most transactions now are done via computers, where you name is entered electronically on, quote, "stock certificates", rather than physical certificates being issued to you. However, if you have one, what do you do with it? Well, two things. Number one, you can actually sign the certificate and have that notarized on the certificate, and then sell it at your local brokerage firm. Or, you don't sign the certificate, you sign something called a stock power, and have your name notarized, meaning you have to prove that it's you, and then send them separately to whomever is going to be buying them. Probably the stock brokerage firm. They would then combine them, creating a live certificate that they could then process as the sale for somebody else. So, that's a little bit about it. Now, it might be fun, sometimes, especially when teaching kids, to give them a stock certificate. So you can still do that. You just have to buy the shares and then request your certificate from the broker, whoever you've bought it from. They'll gladly process it, they'll probably charge you a fee to do that. But if it's a history lesson, they probably get more out of the certificate than they would just out of knowing that they had some shares stashed somewhere. So, hope that helps. I'm Roger Groh with Groh Asset, and that's a little bit about stock certificates.

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