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LaFayette Motors Co., 1919 Progress Proof Stock Certificate

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:30.00 USD Estimated At:130.00 - 260.00 USD
LaFayette Motors Co., 1919  Progress Proof Stock Certificate
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Indiana and Wisconsin (Inc. in Delaware), ND (1919). Odd Shares Progress Proof Stock Certificate, Black text on off-white paper, Eagle at top center. Writing at left, Cancelled stamps at bottom. Fine to VF condition. The LaFayette Motors Corporation was a United States-based automobile manufacturer. Founded in 1919, LaFayette Motors was named in honor of the Marquis de la Fayette, and LaFayette autos had a cameo of the Marquis as their logo. LaFayette was originally headquartered in Mars Hill, Indianapolis, Indiana, and made luxury motor cars, beginning in 1920. LaFayette innovations include the first electric clock in an auto. In 1921, Charles W. Nash became president of LaFayette. Nash was already president of Nash Motors, but for a time the two brands remained separate companies. In 1924, Nash Motors became full owner of LaFayette Motors, and the name was retired soon after. Its factories were quickly put to a new, more profitable use: the manufacture of Ajax motor cars. Rare Progress Proof Stock Certificate.