A New Facebook Derivative Trade: the Stock Certificate
Not only does he sell stock certificates, Kerstein also collects old Greek bonds. "Unlike the Greek bonds that are being traded on the market, our Greek bonds are worth the paper they're printed on."
Will the Facebook stock certificate appreciate more than the stock itself?
One thing that could make the paper valuable is if Mark Zuckerberg leaves the company.
"Martha Stewart Living certificates that have her name as chairman were very valuable, they sell from about $100 to $150," he says. "But when they started issuing certificates without her name on it, because she was removed from the company as an officer, the certificates went down in value."
As for whether it’s preferable to own Facebook stock or the stock certificate, Kerstein pauses and says, "I would buy them both."