"Dave Dodson" <dave_and_darla[at]Juno.com> wrote in message
news:1162211363.465580.141500[at]b28g2000cwb.googlegroups.com...
- quote -

You'll find similar recommendations when mailing certificates back to the
issuing company. Lockheed's site gives an underlying rationale for the
insurance - one insures for the amount at risk, and companies typically
charge around 2% to replace a lost certificate. (Lockheed suggests 3%, so
that's probably what Lockheed charges.)
http://www.shareholder.com/lmt/shareholder.cfm#cert

Mark Freeland
BnetOnewsX[at]sbcglobal.net

Rich Carreiro wrote:
- quote -

Here's what the Fidelity website says about sending a stock certificate
to them. Similar guidelines probably hold for other brokerages.

You can deposit stock certificates directly into your Fidelity Account
using the following guidelines:

1. All account owners must sign their names exactly as it appears on
the certificate(s).

Note: If registrations do not match exactly, including the spelling of
names, complete a Certificate Release Request Form (PDF) or send
Fidelity a signature-guaranteed letter of instruction signed by all
owners of the account.

2. Write your Fidelity Account number in the top right corner of the
certificate.

3. Write National Financial Services LLC in the blank space between
appoint and attorney on the back of the certificate.

4. Certificates may be sent by certified or registered mail; we
recommend insuring them for 2% of their value.

"Dave Dodson" <dave_and_darla[at]Juno.com> writes:

- quote -

(1) Do you really need a stock power form sent under separate cover?
I thought these days certificates had wording on the back such
that they could be filled out in a manner similar to "for deposit
only to..." on a check, so that the certificate would NOT be
negotiable.

(2) Even if the certificate is non-negotiable, that doesn't eliminate
the pain in the neck and red tape you'll have to go through if
the thing gets lost anyways. So still consider a higher, more
secure class of service than 1st class mail.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

zxcvbob wrote:
- quote -

It's been a while since I've done this, but I think you can just mail
the certificate with ordinary mail. Instead of signing the certificate,
which makes it negotiable, ask your broker for a "stock power" form,
sign it, and send it to the broker under separate cover.

Dave

It's for 70 shares of IBM, so it's worth about $6400. Do I just send it
certified mail? Or am I supposed to first class and insure it for, say,
5% of the value?

Also, where and how am I supposed to sign it first -- the shares are
going to be deposited in my brokerage account.

Thanks,
Bob