My old stock certificate has small punch holes on the signatures. What does that mean?
That is one of several types of cancellations which means the certificate has already been cashed in. Other forms of cancellations can include razor-like cuts over the signatures or in the body, punch holes across the certificate or has “Cancelled” written or stamped on the front of the certificate. If your certificates have any of these cancellation marks, it no longer has a cash value. However, it may have a collector (scripophily) value.
