Beautifully engraved uncancelled certificate from the Bre-X Minerals Ltd. issued in 1997 for 500 shares. At its peak, 500 shares would have amounted to $140,000.
This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of allegorical men by a globe and the company logo. This item has the printed signatures of the Company’s President and Secretary. Usually Bre-X certificates are for 1 share so to find a 500 share certificate is scarce. Mint condition, no folds.
The Bre-X Minerals Ltd. Company was involved in one of the largest stock swindles in history. Its Indonesian gold property which reportedly contained over 200 million ounces was proven fraudulent. The company touted Bre-X's properties in the Busang area of East Kalimantan, Indonesia, as holding the richest gold deposit ever discovered. In 1997, independent experts confirmed that, in fact, no gold exists at Busang. The stock was once valued at over $280 a share,
History from OldCompany.com and
SavingsBonds.pro (collectible Savings Bonds website)
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