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Pan Motor Co., 1919 Issued Stock Certificate.

Currency:USD Category:Coins & Paper Money / Stock & Bond - Certificates Start Price:70.00 USD Estimated At:100.00 - 200.00 USD
Pan Motor Co., 1919 Issued Stock Certificate.
SOLD
80.00USDto H****S+ buyer's premium + applicable fees & taxes.
This item SOLD at 2015 May 07 @ 12:38UTC-4 : AST/EDT
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St.Cloud Minnesota, 10 Shares, Issued and uncancelled stock certificate, Black on turquoise blue border, 1919 Pan automobile on top with hood ornament on left, Signed by Pandolfo as president. In 1918, the first Pan Automobile rolled off the assembly line in St. Cloud, Minnesota. It was the beginning of the short and controversial existence of the Pan Motor Company. By the end of 1919, its president Samuel (Sam) Connor Pandolfo (1874-1960) was fined $4,000 and sentenced to ten years in prison for mail fraud. Car production had stopped and the St. Cloud community lost its bid to become a premier auto-manufacturing city.