Friday, April 10, 2009

World's Oldest Stock Certificate

These historical documents are reproduced on a remarkable quality paper that looks and feels like parchment.

The Swedish copper mining company Stora Kopparberg ("great copper mountain") in Falun was granted a charter from King Magnus IV of Sweden in 1347. The first share in the company is however dated already in 1288 and mining in the mountain had started possibly much earlier. Some claim this to be the oldest existing corporation or limited liability company in the world.

Stora Kopparbergs Bergslags AB was incorporated as a modern shareholder company in 1862. Towards the end of the 19th century, it diversified from copper mining and entered pulp and paper production. In 1984 it shortened its name to Stora AB. The copper mine closed down in 1992. In 1998, it merged with Enso to form Stora Enso.
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