Presented are New York Stock Exchange stamp cufflinks. These rounded rectangle cufflinks were made using an original Stock Exchange 29 cent stamp.
The stamp features the New York Stock Exchange Building and a scene of early traders. The dates "1792" and "1992" are printed in red. On May 17, 1992 the New York Stock Exchange celebrated its 200th anniversary, and this stamp was issued to honor the occasion. A green border encase two "29"s printed in each corner, to indicate the stamp was 22 cents. This collectible stamp was first issued on May 17, 1998 in New York, NY.
America’s investment markets were first born in 1790 when the federal government refinanced all state, federal, and Revolutionary War debt. They issued $80 million in bonds – the first publicly traded securities in America. In the early days, auctioneers often conducted these trades. Two years later, on May 17, 1792, a group of 24 brokers and merchants met on New York City’s Wall Street to sign the Buttonwood Agreement. Signed under a buttonwood tree, the agreement stated that all the men would trade securities on a commission basis. With this, a .25% commission rate was set that would be charged to all clients. Additionally, the brokers agreed to only deal with each other, making the auctioneers obsolete in these transactions.
The agreement stated, “We the Subscribers, Brokers for the Purchase and Sale of the Public Stock, do hereby solemnly promise and pledge ourselves to each other, that we will not buy or sell from this day for any person whatsoever, any kind of Public Stock, at a less rate than one quarter percent Commission on the Specie value and that we will give preference to each other in our Negotiations. In Testimony whereof, we have set our hands this 17th day of May at New York, 1792.”
These handsome New York Stock Exchange cufflinks are the perfect vintage accessory.
Available in a rounded rectangle format. Cufflink set is silver-plated. Presented in a Great Republic cufflink gift box.